Magazine article American Banker

Executive Changes

Magazine article American Banker

Executive Changes

Article excerpt

NEW ENGLAND

Center Capital Corp. of Farmington, Conn., has hired Joe Krolak as the director of business development for its general aviation division.

Mr. Krolak was a vice president of sales at Carlton Financial Corp. of Wayzata, Minn. Before that he had been a national sales manager and a regional marketing manager for the aircraft finance group at Textron Financial Corp.

Earlier in his 10 years of equipment financing and leasing experience he had been a regional marketing manager for the aircraft finance groups at Conseco Finance Inc. and its predecessor, Greenpoint Financial Corp.

Center Capital is a subsidiary of the $17.8 billion-asset Webster Bank of Waterbury, Conn. They are both owned by Webster Financial Corp.

MIDWEST

National City Corp. of Cleveland has given Edward S. Pentecost, the president of its private equity and mezzanine investment fund, the additional jobs of chairman and chief executive officer of the fund, National City Equity Partners.

Mr. Pentecost has been the fund's president since last year. As its chairman and CEO he succeeded William H. Schecter, who will remain a senior vice president and an adviser at the parent.

Before joining the fund in 2000, Mr. Pentecost had worked in the investment banking divisions of two other National City units: McDonald Investments Inc. and Nat City Investments Inc.

He joined National City in 1989.

WEST

City National Corp. of Beverly Hills has named John Pedersen the senior risk management officer of the company and its $14.4 billion-asset City National Bank.

Mr. Pedersen, who is also an executive vice president and a member of City National's executive committee, had led the company's risk management division on an interim basis since August. Before that he had been the chief credit review officer.

He joined City National in 2004 from Wachovia Bank, where he had been the chief risk officer of its small-business capital unit. …

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