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The $2.5 billion-asset company will freeze pension benefits for the 10% of its workforce that still receive a pension.

First National Bank of Orwell in Vermont has named Bryan Young chief executive. Young, 38, will succeed his father, Mark Young, as CEO of the $56.1 million-asset bank beginning Jan. 1.

The $364 million-asset company named Steve Rownd to the positions, effective Jan. 1. Rownd will also be named president and CEO of FNB Bank.

Verifone has appointed former Oracle executive Christophe Job as a senior vice-president and chief technology officer in charge of global solutions delivery.

Flagstar Bancorp in Troy, Mich., has picked Andrew Ottaway for the newly created position of managing director of lending.

First Republic Bank in San Francisco has extended the contract of longtime Chairman and Chief Executive James Herbert for another two years.

The $140 million-asset company said in a press release Thursday that Martin May would also become its president.

Wednesday’s mass shooting at a county facility that serves people with developmental disabilities hit very close to home for two local credit unions.

Huntington Bancshares in Columbus, Ohio, has brought on industry veteran Tom Wirth to fill the newly created position of auto finance product and strategy director.

ChoiceOne Bank in Sparta, Mich., has appointed Bradley Henion chief lending officer.

The small bank was the only institution to bid on a contract to process cash payments to the Illinois Department of Revenue. Executives are eager to collect fees without feeling compelled to make loans or hold deposits for the controversial industry.

How you behave after customers turn you down establishes their impression of you going forward and could open the door to new sales opportunities.

A quick look at who’s climbing the credit union ladder.

The chief executive of SCE Federal Credit Union in Irwindale, Calif. will step down next year, the company's board of directors announced Tuesday.

Lloyds Banking Group in the U.K. has made Deborah McWhinney its third nonexecutive director. She joined the board at Lloyds Monday and also serves on its audit and risk committees.

Lloyds Banking Group in the U.K. has made Deborah McWhinney its third nonexecutive director. She joined the board at Lloyds Monday and also serves on its audit and risk committees.

U.S. Century Bank in Doral, Fla., has announced that its chief executive, Carlos Davila, will resign at the end of the year.

Darien Rowayton Bank used funds from a 2010 recapitalization to start refinancing student loans in a move that, so far, has been lucrative for the institution.

Evans Bancorp in Hamburg, N.Y., has hired John Connerton to become its chief financial officer.

Cloud-based payroll, payments and business analytics platform CloudPay has brought on Brian Radin as its chief revenue officer.