Monday, October 25, 2010

Urban Partnership Bank draws on First Chicago alums to fill executive suite

While it looks like one Chatham neighborhood bank is getting larger as per the failure of another bank in our state, it seems as if Urban Partnership Bank (the former ShoreBank) is still getting their personnel together:

Peggy Myles, 58, formerly a senior banker at First Chicago and later at successors Bank One and J. P. Morgan Chase, will be chief risk officer at Urban Partnership Bank. Her appointment awaits regulatory approval.

She will be in charge of credit risk management and working through delinquent loans.
Kristine Rull, 52, another First Chicago alum, takes over as director of specialized markets, focused on collecting deposits from socially responsible investment groups and handling non-profit customers and relations with foundations.

She also worked with Urban Partnership Bank Chairman David Vitale when he was head of operations at Chicago Public Schools.

And Jan Hoffenkamp, 54, will oversee customer service, facilities and vendor relationships for the bank. She previously was a technology manager at the Chicago Board of Trade.

Still to be filled is the crucial post of chief of commercial lending, a bank spokesman said. There's no word yet on when that position will be filled, he said.

The executive hires are among the first public actions of William Farrow, another First Chicago alum who is the bank's president and CEO, since the bank was formed upon the Aug. 20 failure of ShoreBank.

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