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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.

Banks Realign Boards, Management

Recent bank executive activity

March 2, 2010


Several banks reported changes in their boardrooms, while smaller institutions focused on activity outside the boardroom. Two former National City executives found jobs at other institutions.

In a filing Friday with the Securities and Exchange Commission, Citigroup Inc. reported that C. Michael Armstrong, John M. Deutch and Anne M. Mulcahy would retire from the board of directors.

Mark K. Mason was named chairman of the board and chief executive officer at HomeStreet Bank, the Seattle-based institution reported last month. He will also serve as vice chairman and CEO of parent HomeStreet Inc.

Mason was chairman and CEO of Fidelity Federal Bank for several years before it was sold in 2001.

In Cleveland, former National City Corp. director William R. Robertson joined Huntington Bancshares Inc.'s board of directors in September, the company said in a Feb. 8 news release. Richard W. Neu, former chief financial officer for Charter One Financial, was also recently appointed to the $52 billion bank's board, while Kevin Blakely became chief risk officer.

Synovus Financial Corp., a $33 billion institution based in Columbus, Ga., said last week that Kessel D. Stelling Jr. was chosen as the company's president and chief operating officer. The move was a promotion from Stelling's position as a regional CEO. Before that, he was president and CEO Bank of North Georgia.

Robert B. Crowl was appointed executive vice president and CFO of Sun Bancorp Inc. and subsidiary Sun National Bank, the Vineland, N.J., company said yesterday. Crowl previously worked as chief operations officer at National City Mortgage and comptroller at parent National City Corp.

HomeStreet Bank on Feb. 16 said it named David E. Hooston executive vice president and CFO of the company and its parent, HomeStreet Inc. He was previously with Placer Sierra Bancshares for 12 years -- where he was CFO, a director of Placer Sierra Bank and president and chief operating officer of predecessor California Financial Bancorp.

Hooston replaces Bruce W. Williams, who will maintain his membership on the $3.2 billion bank's board.

Tampa, Fla.-based HomeBancorp Inc. announced last week the appointment of William L. Thorpe to the post of chief credit officer. The $0.3 billion bank said Thorpe has more than 15 years' experience in credit administration.

In addition, HomeBancorp said yesterday that Nikki DiGiovanni was promoted to vice president - retail branch manager.

Steve Dalri was hired as a senior vice president and commercial loan officer at Dallas-based Southwest Securities, FSB, a Feb. 22 news release stated.

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

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