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Bank Executive Insider

Recent bank executive activity

March 15, 2010

By SAM GARCIA


A Tennessee bank has hired a new chairman and chief, and one of its directors is stepping down. Other institutions to announce executive activity included Umpqua Bank, IBERIABANK and the Federal Home Loan Banks.

Green Bankshares Inc., a $2.6 billion institution, said in a March 16 news release that Stephen M. Rownd will replace Stan Puckett as chief executive officer at the end of this month. Rownd will also take over as chairman of the board.of both the company and subsidiary GreenBank.

Rownd's last job was as a senior commercial banker for Fifth Third Bank of the Carolinas, which he joined though the 2008 acquisition of First Charter Corp. and First Charter Bank, where he had been since 2000.

Ronald E. Mayberry will not stand for re-election to Green Bankshares's board of directors, according to a statement earlier this month. The election will occur at the Greenville, Tenn., bank's annual meeting in April. Mayberry will, however, maintain his position as regional executive at Green -- a $2.6 billion bank.

William T. Mundy was hired as managing director and executive vice president at Cardinal Trust and Investments, a March 4 statement said. Mundy's 35 years' experience includes 26 years at Wachovia Bank.

The new chief operating officer of the FHLBanks Office of Finance is William Rachal Jr., according to an announcement last week. Rachal worked for nearly 25 years at Sallie Mae, where he directed Sallie's unsecured debt funding programs and was deeply involved in the financing of the student lender's conversion to a private firm.

IBERIABANK Corp. announced Friday that W. Charles Mayer III was named chairman of the Birmingham Advisory Board. In addition, Mayer has joined the company and will work with local executives to carry out strategic growth initiatives.

photo of William T. Mundy
Cardinal Trust photo
of William T. Mundy

The new executive vice president of commercial banking at Umpqua Bank is Cort O'Haver, a March 4 statement said. He previously worked at U.S. Bancorp.

photo of Richard Arthur
First Financial photo
of Richard Arthur


Richard Arthur was named EVP of retail banking, according to a filing with the Securities and Exchange Commission last month by First Financial Holdings Inc. The 37-year old executive has 14 years' experience and previously worked for Bank of America.


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

e-mail:
[email protected]


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