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S&P Global Market Intelligence presents a weekly news summary of executive management and board chair-level changes in the bank and thrift industry.
March 9
Fleetwood, Pa.-based Fleetwood Bank, a unit of Fleetwood Bank Corp., appointed Timothy Snyder president, Lehigh Valley Business of Bethlehem, Pa., reported.
Snyder takes over the post from Richard Meares, who will remain as CEO until his retirement in January 2017. Snyder used to be senior vice president and director of specialized banking services at National Penn Bank, a subsidiary of National Penn Bancshares Inc.
Loyd Dollins, president and CEO of Colebrook, N.H.-based Granite Bank, will retire in December.
Scott Cooper will succeed Dollins as president and CEO of the First Colebrook Bancorp Inc. unit effective Jan. 1, 2017. Cooper will begin his employment with the bank on March 28 as COO.
Avis Brosseau was promoted to CFO. Brosseau's career at the bank includes serving as senior vice president of finance.
March 8
James Dolan is expected to become Northwest Bancorp of Illinois Inc.'s chairman and CEO, as well as chairman of First Bank and Trust Co. of Illinois, pursuant to an agreement between Dolan and Northwest that will see the former acquire a majority stake in the Palatine, Ill.-based company.
First Bank and Trust executive Alan Reasoner will be Northwest's president and the bank's president and CEO. Emad Murrar, another executive of First Bank and Trust, will be promoted to executive vice president and will continue as chief lending officer.
Randall Peterson was appointed president and CEO of Northern Michigan Bank & Trust, which was recently acquired by Gladstone, Mich.-based First Bancshares Corp., according to a report posted on UpperMichigansSource.com. His appointment is effective March 7.
Peterson most recently served as president and CEO of First Bank Upper Michigan, a...