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Porter Bancorp in Louisville, Ky., has Edmond Seifried to its board. Seifried, 68, is executive director of the Sheshunoff Affiliation Program, which provides education and an idea exchange to community bankers.

Wade Reece has announced his plans to retire after 25 years heading BB&T's insurance division.

Sound Financial Bancorp in Seattle has hired a former Federal Home Loan Bank executive as chief administrative officer of its bank.

Premier Financial Bancorp in Huntington, W.Va., has hired a former BB&T executive as its bank president and chief executive.

Western Alliance Bancorp's Bridge Bank in San Jose, Calif., has created a lending group to focus on the life sciences sector.

Credit unions and associations across the country announce promotions, new hires and honors.

The founder of Reno Teacher's Federal Credit Union, John Herbert Marean, has passed away.

Webster Financial in Waterbury, Conn., has opened an Atlanta office to focus on asset-based lending in the southeastern U.S.

Washington Federal in Seattle said its chief financial officer, Diane Kelleher, plans to step down at yearend.

Severn Bancorp in Annapolis, Md., has hired a former Susquehanna Bancshares executive as its chief lending officer.

In an effort to get a head start on the feeding frenzy, Malvern Federal Savings Bank in Paoli, Pa., will hold job fairs to gobble up employees laid off by BB&T in Pennsylvania.

While banks have significantly decreased their problem assets from their 2010 peak, sour credits remain much higher than in 2006. A number of banks have been reluctant to sell these assets because of low interest rates and a struggle to find better investments.

Catskill Hudson Bank in Kingston, N.Y., has hired Orville Aarons as its president. Aarons, a former director at Naugatuck Valley Financial, had been working as a consultant to Catskill Hudson since April.

U.S. Bank has promoted Jeffrey W. Jones to president of its corporate payment systems group after he spent nearly 15 years as head of global treasury management.

Codorus Valley Bancorp in York, Pa., has hired Dwight Utz as its chief operating officer. Utz succeeded Mike Allen, who resigned in March and is now executive-in-residence of The Graham Center for Entrepreneurial Leadership Studies at Penn State University.

Bank of America Chief Executive Brian Moynihan gets to keep his chairman's title but still faces a major capital plan deadline in just a week and then will have to sort through the fallout from what has been a challenging third quarter for the entire industry.

A number of state banking associations held their annual conferences in posh out-of-state locations this year as executives show a greater willingness to make travel plans.

United FCU names associate board members, Western CUNA Management School appoints trustees and other CU people in the news.

Money360, a marketplace lender that focuses on commercial real estate, has hired mortgage industry veteran Gary Bechtel as its president.

Bank executives and outside experts finger technology as the area most in need of improvement when it comes to vetting financial institutions' ability to withstand the next bit economic shock.