People Movers

Fifth-Third Bancorp elects new chairman of the board

Greg Carmichael to take over effective immediately
Fifth-Third Bancorp announced it elected its next chairman of the board of directors, Greg Carmichael. Carmichael will take over as chairman effective immediately, and will replace Marsha Williams, who will move into the position of lead director.
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Waterstone Mortgage changes up leadership in Southeastern U.S.

Names three new regional vice presidents
Waterstone Mortgage Corp. recently announced it is making changes to its leadership in the Southeast with the appointments of three new regional vice presidents. The national lender added David Holbrook, Dustin Owen and Michael Smalley as regional vice presidents for the Southeastern area of the nation.
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Wells Fargo hires former New York Fed exec to improve regulator relations

Sarah Dahlgren named head of regulatory relations
It’s probably safe to say that Wells Fargo has had a rough relationship with its various regulators over the past few years. Now, as part of an effort to improve its relationships with regulators, Wells Fargo is naming a new head of regulatory relations. Sarah Dahlgren, a long-time executive at the Federal Reserve Bank of New York will fill the role at Wells Fargo.
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Wells Fargo picks Michael DeVito to lead home lending efforts

Removes "interim" tag from DeVito, who took over after Franklin Codel was fired
Wells Fargo has found the next leader of its home lending efforts, naming one of its own as the permanent replacement for Franklin Codel, who was fired late last year for misconduct. After Codel was fired, the bank named Michael DeVito, who served as head of mortgage production, to serve as the interim head of home lending. Now, Wells Fargo is taking the "interim" tag off of DeVito's title.
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Former Clayton President Jeff Tennyson lands at Lima One Capital

Tennyson will serve as CEO of investor-focused lender
Former Clayton President Jeff Tennyson has found a new home. Last year, Tennyson’s role was eliminated as part of Radian Group’s restructuring of its principal subsidiary Clayton. Now, just a few months after leaving Clayton, Tennyson is moving on to a senior leadership role at Lima One Capital.
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