Executive shakeups have spread beyond bank boardrooms to national trade groups and federal regulators.
Mary Lynn D. Lenz was named president and chief executive officer of Belvedere SoCal and subsidiary Professional Business Bank, a March 17 statement said. Her 35 years' banking experience includes a stint as president and CEO of Slade's Ferry Bancorp -- which was acquired by Independent Bank Corp in February 2008.
Yadkin Valley Financial Corp. and Yadkin Valley Bank and Trust Co. have a new chief administrative officer and chief credit officer: Joseph H. Towell. A news release last week indicated Towell took on the new roles on March 19.
Sandra L. Bodnyk was named chief risk officer of Boyertown, Pa.-based National Penn Bancshares Inc., a press release last week said.
MainSource Financial Group Inc. announced yesterday that 25-year veteran Bill Goodwin was hired as chief credit officer. Goodwin's most recent experience includes 10 years at an unnamed Cincinnati mortgage company.
Acting Office of Thrift Supervision Director Scott M. Polakoff was placed on leave as the U.S. Department of the Treasury investigates OTS complacency in the backdating of capital contributions that occurred in August 2008, the OTS said last week. OTS Deputy Director and Chief Counsel John E. Bowman was appointed acting director of the agency.
Earlier this month, the OTS unveiled plans to create a new assistant deputy director position in Washington, D.C., responsible for overseeing institutions with more than $10 billion in assets. The agency expects to have a decision on their choice for the post within 45 days.
Charles A. Bowsher has resigned as private citizen chairman of the Office of Finance's board of directors, the Federal Home Loan Banks Office of Fince announced last week. Bowsher was appoint to the board in April 2007.
A rift between big and small home builders over tax breaks that would unfairly disadvantage small builders threatened the job of National Association of Home Builders President and Chief Executive Officer Jerry Howard, the Wall Street Journal reported on March 16. But the Washington, D.C.-based trade group issued a statement on March 17 indicating Howard will continue as NAHB president and CEO.
"Leadership from both NAHB and NAHB's High Production Home Builders Council met yesterday for a candid discussion about issues of concern," the statement said. "We face many issues in common and now more than ever, it is important for all homebuilders to be united."
Robert J. Houghton was hired as chief information officer of RealtyTrac, the company recently announced.