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Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

Fed Among Banks Making Exec Appointments

Recent bank executive activity

Feb. 8, 2010


Within recent executive activity at U.S. banks was the appointment of the chairman of the country's central bank and two other regulatory appointments.

Ben S. Bernanke was formally sworn in for a second four-year term as chairman of the Board of Governors of the Federal Reserve System on Wednesday, the Federal Reserve announced. Bernanke first became chairman in February 2006. His new term runs until January 2014, and he'll remain on the board until 2020.

At the National Credit Union Administration in Tempe, Ariz., Elizabeth Whitehead was named Region V Director, a news release last month indicated. Whitehead will lead the examination and field staff
and oversee 480 federal credit unions with $58 billion located in 11 states and Guam.

Whitehead replaces Jane Walters, who returned to her position as Director, Region II.

Flagstar Bancorp Inc. announced in January that Todd McGowan was hired as chief risk officer. McGowan spent 22 years at Deloitte Touche where he most recently was quality risk management partner.

In addition, James A. Ovenden was elected to Flagstar's board of directors. Ovenden is chief financial officer of AstenJohnson Holdings LTD.

The new east regional president of GreenBank is Lloyd L. Montgomery, parent Green Bankshares announced on Jan. 28. The Greeneville, Tenn., bank said the 30-year banking veteran left First Security Group around a year ago.

At Marshall & Ilsley Corp., Andy Will was hired to fill the newly created position of senior vice president, director of deposits, a January news release said. Will, who reportedly has 30 years' experience in banking, previously worked at Wells Fargo & Co. and, more recently, Keycorp.

Ramiro Ortiz, the chairman of BankUnited Financial Corp. -- parent of failed BankUnited, FSB -- is retiring, the Miami Herald reported. The bank failed in May 2009, and its assets were scooped up by a group of investors that included billionaire Wilbur Ross.

Sam Garcia worked in mortgage lending for twenty years prior to becoming publisher of in 2000.

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