February 23, 2017 – Executive search firm Kaplan Partners has been retained by Old Point National Bank to lead its search for a new chief financial officer. Current CFO Laurie Grabow plans to retire this summer after three decades with the Hampton, VA-based bank.
“Laurie’s dedication through the recession positioned our company well for the future,” said Rob Shuford Jr., Old Point National Bank’s president and chief executive officer. “She certainly won’t be easy to replace, but we are confident that a strong candidate who believes in the values of community banking will emerge.”
From Banking to Recruiting
Based in Philadelphia, Kaplan Partners specializes in conducting searches for C-level executives primarily in the financial services, corporate financial, private investor and technology sectors. The firm has completed over 50 assignments for financial institution CEOs.
Over the past year, it has recruited top leaders for Bar Harbor Bank & Trust, First National Bank of Elmer, Mascoma Savings Bank, Citizens & Northern Corporation, Northfield Savings Bank, and Windham Professionals, Inc. Just recently, the firm tapped William C. Calderara as president and CEO of Ulster Savings Bank. He came to Ulster with more than 25 years of banking experience, most recently from Naugatuck Valley Savings and Loan in Connecticut as president and CEO.
Alan Kaplan launched Kaplan Partners in 1994 after beginning his corporate banking career with First Pennsylvania Bank and Philadelphia Savings Fund Society. Industry associations and the media regularly turn to Mr. Kaplan for his opinions on leadership and talent issues and trends.
Banks Turn to Search Firms
Like all financial institutions, banks continue to turn to executive recruiting firms to find new leaders. Here’s a look at just a few of the more important recent searches from across the sector found in the Hunt Scanlon Media Archives:
- The Federal Reserve Bank of Richmond has retained Heidrick & Struggles to lead its search for a new president and CEO. Jeffrey Lacker announced that he will retire in October after 28 years of public service at the Richmond Bank;
- New Orleans-headquartered First NBC Bank has retained executive search firm Chrisman & Company to lead its search for a new CEO. Longtime leader and founder Ashton Ryan Jr. has stepped aside as CEO. Founding partner and principal Timothy Chrisman is leading the search along with partner Irwin Stalk;
- Spencer Stuart has been retained by the Federal Reserve Bank of Atlanta to find its next president and CEO. Dennis P. Lockhart has just recent stepped down from his position as he faced mandatory retirement under central bank rules. Spencer Stuart senior partner Thomas T. Daniels, consultant John Harpole and executive recruiter Toby Donovan are leading the assignment;
- The National Bank of Greece (NBG) recently selected Egon Zehnder to lead its hunt for a new chairman. The new chair must have a good understanding of the environment in which the bank operates (e.g. regulatory, legal, economic), including the ability to efficiently interact with various stakeholders (e.g. HFSF, other shareholders, the European Commission, regulators, other official or private sector institutions) and the media;
- Hanold Associates recently recruited Gaurav Sehgal as chief human resources officer (CHRO) and David Sarjantson as chief marketing officer (CMO) at Denver-based Fortis Private Bank. CEO Jason Hanold led both search assignments.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media