S&P Global Market Intelligence presents a daily roundup of management and board changes in the financial services and bank and thrift industries. This feature excludes key C-level leadership changes, which are covered separately, and stories previously covered by S&P Global Market Intelligence.
Banking
San Francisco-based Wells Fargo & Co. named Nate Herman chief control executive, effective May 1, San Francisco (Calif.) Business Times reported.
Herman, who will be based in Charlotte, N.C., joins Wells Fargo from Huntington Bank in Columbus, Ohio, where he was the chief audit executive. Herman is also a former executive at JPMorgan Chase & Co.
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Iselin, N.J.-based Provident Bank promoted Walter Sierotko to executive vice president and chief lending officer.
Sierotko will oversee the management and development of the bank's commercial lending lines of business.
Prior to the promotion, Sierotko was an executive vice president and director of real estate lending.
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Taira Hall has joined Beverly Hills, Calif.-based Pacific Western Bank as the executive vice president of products and partnerships.
Prior to joining the Pacific Western Bank, Hall was the head of partnerships and new initiatives for Visa business solutions.
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George Lester II notified the board of Martinsville, Va.-based Carter Bank & Trust that he would not stand for reelection at its 2020 annual meeting for shareholders on July 22.
Lester will continue as a director through the end of his current term, which ends at the annual meeting.
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Richard Seidel will retire from the boards of Pittsburgh-based TriState Capital Holdings Inc. and its banking subsidiary TriState Capital Bank.
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Sun Prairie, Wis.-based Bank of Sun Prairie appointed Rod Ellenbecker senior vice president and director of wealth management and trust, The Herald-Independent reported.
Ellenbecker was previously with Wisconsin Bank and Trust.
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Michael McDonald and John Hott were nominated to the board of Petersburgh, W.Va.-based Highlands Bankshares Inc.
McDonald has been the CEO of Capon Valley Bank since 2019. Hott is a self-employed insurance agent, who has been representing Erie Insurance since 2001, and a self-employed business owner of Hott Disposal Services Inc. since 2012.
Financial Services
Houlihan Lokey Inc. named Joseph Lombardo head of private equity general partner advisory.
Lombardo joins from Stonyrock Partners, where he was a principal on the investment team for the Stonyrock Alts Fund.
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Piper Sandler Cos. promoted Steven Schmidt to head of technology investment banking, effective immediately.
Schmidt is currently a managing director in technology investment banking, focusing on e-commerce, integrated payments, and financial and application software.
Schmidt rejoined Piper Sandler in 2015 after working with Digital River Inc. as a senior vice president.