Appointments: US Bank’s C-Suite Succession Plan

US Bank — The banking giant has announced succession plans for two senior leaders who are set to retire from the company this summer.

Terry Dolan is set to be appointed vice chair and chief administration officer, succeeding the retiring Kate Quinn. Dolan is currently chief financial officer, a role he has held since 2016. While Dolan will retain the CFO role initially, John Stern is set to be promoted to head of finance next month and succeed Dolan as CFO from September 1.

Meanwhile, Jim Kelligrew, vice chair of corporate and commercial banking, is also set to retire. US Bank said Gunjan Kedia would assume an “expanded leadership role”, including responsibility for wealth management, investment services, and corporate and commercial banking.

Heartland Bank and Trust Company — Chairman and CEO Fred Drake is set to move to an executive chairman role from May 24, with chief operating officer and president Lance Carter slated to take over as CEO of both the bank and its parent company HBT Financial.

Carter has worked at Heartland Bank for 22 years in a variety of senior leadership roles.

F&M Bank — The Virginia-based bank has appointed Mike Wilkerson as CEO and Barton Black as president. The pair replace Mark Hanna, who is leaving the bank.

Wilkerson steps up to the CEO role having previously been chief lending officer and chief strategy officer, while Black was previously chief operating officer.

Citizens Financial Group — Richard Stein is to take over as chief risk officer at Citizens in the first quarter of next year, taking over from the retiring Malcolm Griggs.

Stein will join from Fifth Third Bancorp, where he was most recently chief credit officer. During a 25-year career in banking, he has also worked at Comerica and Bank of America.

Griggs joined Citizens in 2014 as chief credit officer, becoming chief risk officer in 2016. He previously worked at Citigroup, Morgan Stanley, Bank of America, Wachovia Corp, and Fifth Third Bancorp.

Wells Fargo — Mary Mack is to retire as CEO of Wells Fargo’s Consumer and Small Business Banking unit on May 15, the bank has announced.

Saul Van Beurden, currently the bank’s head of technology, is to succeed Mack in the role. Tracy Kerrins, head of consumer technology, will take on the head of technology role.

Mack has worked at Wells Fargo for nearly 40 years, and has held her current role for seven years. Van Beurden joined Wells Fargo in 2019 from JP Morgan Chase, where he was chief information officer for its consumer and community banking division.

1st Security Bank of Washington — Ben Crowl is to take over from Dennis O’Leary as chief lending officer at the $2.6 billion bank from July 1, 2023. He joined the company in 2018 and is currently director of consumer lending and previously worked as commercial lending team lead.

O’Leary joined 1st Security Bank in 2011 and has been CLO since 2013. CEO Joe Adams said O’Leary was set to resume his initial role at the bank, as director of commercial real estate and construction lending.

FV Bank — The Puerto Rico-headquartered bank has hired Frank Serra as chief financial officer. Serra was previously CEO of Santander Asset Management, responsible for $4.5 billion in assets under management. He has also worked at two other Puerto Rican banks in senior leadership roles.

Jackson Financial — Michigan-based Jackson Financial has hired Michael Hicks as chief information officer. He joins from insurance company AF Group where he was chief digital officer.

Hicks has held similar technology roles at other insurance companies including Emergent Holdings, Guardian Life, MassMutual and Lincoln Financial Group.

Texas Capital Bank — David Youngberg Jr has joined Texas Capital as managing director and chief credit officer from Goldman Sachs, where he led the company’s Dallas-based risk division. He previously worked in various credit risk roles at Goldman Sachs and other firms in different industries.

Banner Bank — Peter Conner has retired from the chief financial officer position at Washington-headquartered Banner Bank. He will transition to a new role as advisor to CEO Mark Grescovich.

Robert Butterfield, who is currently chief accounting officer, has taken over as CFO. Banner Bank said in a statement that he would report to Conner “to ensure a smooth transition”.

Conner will also retire as CFO of parent company Banner Corporation on October 10, when he will also be succeeded by Butterfield. Conner will retire fully from Banner on April 10, 2024.

Coastal Community Bank — John Dickson has retired as chief operating officer at Washington’s Coastal Financial Corporation. The company said he would remain in position on a part-time basis “to ensure a smooth transition” to a successor.