Magazine article American Banker

Century Bank of Mass. Picks J.G. Sloane to Be President

Magazine article American Banker

Century Bank of Mass. Picks J.G. Sloane to Be President

Article excerpt

Century Bank and Trust Co., Medford, Mass., a subsidiary of Century Bancorp, elected Jonathan G. Sloane to be president and chief operating officer.

He is to assume the post Jan. 1, succeeding George F. Swansburg. Mr. Swansburg announced his retirement, effective March 31, and was elected vice chairman for the interim.

In November 1992 Century Bancorp consolidated its Century North Shore Bank and Trust and Century Bank/Suffolk into Century Bank and Trust. Mr. Swansburg, president of Century North Shore Bank since 1984, became president of Century Bank and Trust.

Mr. Sloane, who was senior executive vice president at Century Bank, had been president and chief executive officer of Century Bank/Suffolk. He is the son of Marshall M. Sloane, founder, chairman, and CEO of $567.9 million-asset Century Bancorp.

MIDWEST

Gateway National Bank, St. Louis, hired Donnell Reid to be president and chief executive officer, effective Jan. 1.

He is to succeed Sharnia "Tab" Buford, who will head a newly established national financial services company. Mr. Buford has not yet named his company.

Mr. Reid retired in July as vice president of marketing in the private banking division of Mercantile Bancorp., St. Louis. He had also been president and treasurer of Mercantile Community Development Corp. and a regional manager in charge of 19 branches.

MIDDLE ATLANTIC

Lockport Savings Bank in New York hired Diane Allegro to be senior vice president of retail banking.

Ms. Allegro was a vice president of retail sales and delivery systems at Rochester Community Savings Bank, where she managed 37 branches, phone banking, and insurance and investment products. Charter One Financial, Cleveland, bought Rochester Community and its parent RCSB Financial on Oct. 3.

Before that she had been a regional sales manager in New York City for the 31 branches there of First Federal Savings and Loan Association of Rochester. …

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