Magazine article American Banker

Executive Changes

Magazine article American Banker

Executive Changes

Article excerpt

MIDWEST

UnionBancorp Inc., an $802 million-asset multibank holding company in Ottawa, Ill., has hired Dewey R. Yaeger as its chief credit officer and a senior vice president.

He succeeded Gaylon E. Martin, who has retired.

Mr. Yaeger was the president and chief executive officer of Castle Bank in De Kalb, a $640 million-asset unit of the Omaha-based Lauritzen Corp.

Cass Information Systems Inc. of Bridgeton, Mo., has named John J. Vanilla the secretary of its board and the vice chairman of its $313 million-asset Cass Commercial Bank.

Mr. Vanilla was the bank's president. That job has gone to Kenneth A. Witbrodt Jr., who was the executive vice president of commercial lending and operations.

Mr. Vanilla joined the bank in 1992; Mr. Witbrodt joined in 1997.

Investors Management Group Ltd., a Des Moines asset management subsidiary of Amcore Financial Inc. of Rockford, Ill., has promoted Jeffrey D. Lorenzen to chief investment officer and senior vice president.

He was a vice president and the supervising income manager. He succeeded Jay Evans, who has retired.

Mr. Lorenzen joined Investors Management in 1992.

MIDDLE ATLANTIC

Columbia Savings Bank of Fair Lawn, N.J., has added Michael Massood Jr. and Elizabeth Randall to its board.

Mr. Massood is the president of Massood & Co. PA, a Totowa accounting and consulting firm. Ms. Randall is a partner of Randall, Randall & Stevens, a Westwood law firm.

Columbia Savings has $2.9 billion of assets.

Sterling National Bank of New York has promoted Thomas G. Economou to senior vice president and named him the head of its commercial real estate division.

He had been a vice president and a commercial real estate officer. The $1.5 billion-asset bank is the principal unit of Sterling Bancorp.

SOUTHEAST

Middleburg Financial Corp. …

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