Succession planning

CIT also plans to sell peripheral businesses to simplify its structure, less than three months after the close of its $3.4 billion deal for OneWest Bank.

From interest rate risk to C-suite and boardroom diversity to succession planning, community bankers need to be acutely tuned in to a combination of global and domestic factors that are changing their world at an unprecedented pace.

The online lender Enova International has hired an ex-HSBC executive as its chief operating officer.

Dollar Bank in Pittsburgh has named James McQuade its CEO-in-waiting. McQuade will succeed Robert Oeler on Nov. 1 as president of the $7.2 billion-asset mutual thrift, and then will become CEO some time next year, when Oeler retires from that position.

Investar Holding in Baton Rouge, La., has made a series of changes to its executive ranks.

When KeyBank made history by appointing a woman as chairman and CEO, the goal it had set for itself was not to break the glass ceiling, but only to find the best person for the job, says Beth Mooney in her speech at the Most Powerful Women in Banking and Finance celebration. But this historic choice is a testament to how Key's diverse board of directors — its diversity ratio is more than 50% — helps ensure a truly inclusive culture throughout the organization. (For more on how the women in our rankings are pursuing diversity in the boardroom, click here.)

Atlantic Capital Bancshares in Atlanta has hired the former chief financial officer at Square 1 Financial in Durham, N.C., to fill the same post.

Middlesex Savings Bank in Natick. Mass., has promoted its chief commercial banking officer to president and named him successor to the chief executive.

The Federal Reserve Bank of New York has appointed a new leader of its bank supervision arm, the bank announced Thursday.

Relationship and people skills certainly remain important, but today's wealth management leaders require far more than those largely sales-oriented abilities.