Magazine article American Banker

Executive Changes

Magazine article American Banker

Executive Changes

Article excerpt

Byline: Tana Tymesen


Salisbury Bancorp Inc. in Lakeville, Conn., has announced that John F. Perotti, its chairman and chief executive officer, will retire June 8.

Mr. Perotti will also step down from his posts as chairman and CEO of the $484 million-asset company's Salisbury Bank and Trust Co. He has been the chairman and CEO of both the bank and its parent since 2005. Before that he was an executive vice president of the bank and its chief operating officer. Earlier he was the bank's treasurer and a vice president.

He will remain a bank director, which he has been since 1982.

Richard J. Cantele Jr. is to succeed Mr. Perotti as CEO and will remain the president and chief operating officer of Salisbury Bancorp and its bank.


Camco Financial Corp. in Cambridge, Ohio, has hired James E. Huston to be its chairman, chief executive officer, and president and to fill the same roles at its Advantage Bank.

Mr. Huston has been the interim CEO of the $1 billion-asset Camco Financial since Dec. 16 and a consultant to the company since September. Before that he was the interim chief financial officer of the Federal Home Loan Bank of Des Moines until he was succeeded by Steve Schuler in 2006. Previously, he was the chairman, president, and CEO of First Consumers National Bank in Portland, Ore., from 2001. In 2000 and 2001 he was the executive vice president and CFO of Aames Financial Corp. in Los Angeles. …

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