CEO Bruce Lee believes a multicharter model, which many other banks have scrapped, gives the Iowa company an edge in smaller markets.
The Iowa company said that Bruce Lee will take over its top post next month.
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Eric Itambo will become chief banking officer of CoBank, where he will oversee all lending operations.
The Bridgeport, Conn., company said Friday that CEO Jack Barnes has relinquished the president's title and that Jeff Tengel has moved into the role.
Boiling Springs Savings Bank said James Nesci, formerly of TD Bank, will manage its operations and create a strategic plan.
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Grayson Hall has served as CEO since 2010. He will leave the post in July but remain executive chairman through the end of the year.
The high-profile hiring of Huntley Garriott comes a year after the North Carolina company had brought on a veteran banker to run the unit.
David Kemper is set to hand the reins over to his son, John, this summer.
