News Topic: Succession planning

Toyota Financial Services has promoted a company insider to replace Mike Groff, who is retiring at the end of this month. ... Read full article

Industry veteran A.W. Pickel III became president of Waterstone Mortgage in June, and now the company has decided to promote him to succeed longtime CEO Eric Egenhoefer. ... Read full article

Colony Bankcorp has recruited two executives in addition to buying a branch and a vacant lot from Planters First Bank. ... Read full article

First Hawaiian, which is currently being spun off from BNP Paribas, has hired Ravi Mallela as chief financial officer. ... Read full article

Shemara Wikramanayake’s appointment is termed a “landmark”; the company’s stock falls 3% despite a 28% earnings increase. ... Read full article

In addition to leading the company’s national business banking efforts, Peter Sefzik will also oversee small-business banking. Brian Foley, the chief credit officer for the Texas market, will succeed him as market president. ... Read full article

The bank entangled in probe of Michael Cohen; Mayopoulos to leave at yearend, CFO Benson to become president. ... Read full article

Purchase of data firm and cancellation of a stock buyback rile shareholders; smaller banks are concerned tariffs could hurt business lending. ... Read full article

Goldman’s new CEO is expected to instill more corporate discipline; second quarter earnings jumped nearly 40% compared to a year earlier on higher revenues. ... Read full article

Matthew Prosseda, former president and CEO of First Keystone Community Bank, was hired by Kafafian Group to advise banks on strategic planning. ... Read full article

David Solomon is officially named as Blankfein’s successor; the British bank is under pressure from an activist shareholder to boost its stock price. ... Read full article

After he takes over as CEO Oct. 1, Solomon has some key executive appointments to make, and observers will keep a close eye on the resources he devotes to help the bank accomplish its target of $5 billion in new revenue opportunities by 2020. ... Read full article

Succession plan could be formalized this week; bankers may be getting nervous about extending construction loans. ... Read full article

Mark Turner will retire at the end of this year. Rodger Levenson, the company's chief operating officer, will take the helm. ... Read full article

The moves are seen as setting the stage for CEO James Gorman’s eventual retirement; banks outside the U.S. are suffering from the greenback’s recent rise. ... Read full article

Jeff Deuel will take over as CEO of Heritage Bank in Olympia, Wash., for Brian Vance, who will remain as the head of the holding company until next year. ... Read full article

Beach Community Bank, which recently added $100 million in capital, hired veteran banker Carl Chaney as its executive chairman. ... Read full article

Northwest Bancshares in Pennsylvania, which built a reputation as an active acquirer, is taking a step back under Ronald Seiffert to evaluate ways to grow without M&A. ... Read full article