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Stock Market & Financial Investment News

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July 1, 2014
08:39 EDTCOB, FNFGCommunityOne Bancorp chair resigns to join First Niagara board
CommunityOne Bancorp (COB) announced that the Chair and lead independent director of its board, Austin A. Adams, has resigned. He has been appointed a director at First Niagara Financial Group (FNFG), and its subsidiary bank, First Niagara Bank, N.A., and banking law prevents Austin from serving on two bank boards at the same time. The board has unanimously elected J. Chandler Martin as chair of the board and lead independent director in place of Adams. Martin is the former Treasurer of Bank of America, N.A., Charlotte, North Carolina, where he was responsible for funding, liquidity and interest rate risk management. Martin has been on the board of CommunityOne since it was recapitalized in October 2011.
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