Mortgage Daily

Published On: November 3, 2010

Recent bank appointments include a president, a chief credit officer and several other management positions. Bank of America Corp. picked up a former state attorney and a former federal attorney.

Bank of America’s foreclosure litigation team now includes Brian Boyle, former principal deputy associate attorney general of the U.S. Department of Justice, and former Virginia attorney general Richard Cullen, Reuters reported. Boyle, a partner of O’Melveny & Meyers LLP, has previously represented BoA, obtaining dismissal of litigation by investors requesting that the bank rebuy mortgages impacted by an AG’s settlement involving subprime lending, Main Justice reported.

Boyle’s successes additionally include the dismissal of claims by municipalities against subprime mortgage lenders and servicers relating to foreclosure economic consequences, according to the O’Melveny Web site. Cullen is chairman of McGuireWoods LLP and was part of former President George W. Bush’s legal team during the election recount in Florida, according to McGuireWoods’ Web site.

Sterling Savings Bank named David DePillo as its new chief credit officer, Spokane, Wash.-based parent company Sterling Financial Corp. announced last week.


O’Melveny & Myers photo of Brian Boyle

David is well-regarded within the financial industry and is knowledgeable about our loan portfolio, having served in an advisory capacity in that regard,” Sterling President and Chief Executive Officer Greg Seibly said in the announcement.

DePillo most recently served as the board vice chairman and previously president of California-based Fremont General Corp. and its Fremont Investment & Loan subsidiary. Prior to Fremont, the 25-year investment banker served executive capacities at Commercial Capital Bancorp Inc., Home Savings of America and Coast Federal Bank’s mortgage banking subsidiary.

DePillo is credited with leading the development of one of the largest, western U.S. multifamily and commercial mortgage lending platforms while at Commercial Capital and directing the largest multifamily mortgage lending operation in the nation during his seven-year tenure through 1998 at Home Savings, according to the announcement.

A day prior to DePillo’s appointment, the $10 billion bank holding company announced Robert Donegan as a new board director. Donegan previously served as a director of Golf Savings Bank from 2006 until it was acquired by Sterling Savings.

In Dubuque, Iowa, Heartland Financial USA Inc. announced Brian Fox as executive vice president of operations. Fox succeeds Edward Everts, who retired in October after 18 years with the $4 billion company.

The 35-year banking veteran previously served as executive vice president and chief risk officer of First Olathe Bancshares in Overland Park, Kan. Fox has managed various areas of banking operations, including mortgage banking, for firms up to $6.5 billion in assets, Heartland said.

Fidelity Bank announced John Merrill as its president, chief financial designer and chief lending officer. In the newly created position, the 28-year banking executive will lead all aspects of consumer, mortgage and commercial lending and is expected to expand business throughout Worchester and Central Massachusetts.

Prior to joining the $491 million, Leominster, Mass.-based bank, Merrill managed Sovereign Bank’s Business Banking division, responsible for small- to medium-size-commercial customers from Maryland to New Hampshire. He has also served as a regional president for Fleet Bank, Fidelity said in the announcement.


Cardinal photo of Martha Wilson

At Cardinal Bank, Martha Wilson was named assistant vice president, commercial lending, a role in which she is responsible for portfolio management and new relationship development, the Tysons Corner, Va.-based bank recently announced. She joined the $2.1 billion company in September from Virginia Commerce Bank, where she served as a credit administration assistant vice president.

Ann Finnegan joined Kinderhook Bank as vice president for commercial lending and development finance, the $240 million, Kinderhook, N.Y.-based bank recently announced.

Finnegan’s 25-year experience includes her most recent position as chief financial manager for New York City’s National Development Council and previous role of president of Grow America Fund.

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