Triad Financial Corporation has promoted Daniel Leonard to the post of president and chief executive officer. Leonard, 59, has been serving the automobile finance company as senior vice president of portfolio management since May 2003. As president and CEO, Leonard will look after the company's performance in the non-prime auto finance market. He has 30 years' experience in the industry and prior to joining Triad Financial served California Federal Bank for 12 years. Established in 1989, Triad Financial Corporation is a leader in the non-prime automobile financing industry.
Dollar Bank names new CEO
The board of directors of Dollar Bank has announced the appointment of Robert P. Oeler as the bank's chief executive officer. Oeler replaces Stephen C. Hansen, who is retiring from the post of chairman and CEO due to sudden illness. Hansen has been serving as CEO of the bank since 1982 and is designated by the board as chairman emeritus. Oeler became president and CEO in April 2007. Prior to that, he had been the executive vice president of the company since 1992. Dollar Bank is a complete financial institution operating more than 50 offices throughout Southwestern Pennsylvania and Northeastern Ohio.
Mortgage rates rise for sixth consecutive week
The average 30-year fixed mortgage rate reached a 10-month high of 6.61% as mortgage rates rose for the sixth consecutive week. According to a weekly national survey of large lenders by Bankrate.com, the average 30-year fixed mortgage carries an average of 0.26 discount and origination points. The average 15-year fixed mortgage rate increased to 6.33%. Fixed mortgage rates are still sought by adjustable-rate borrowers facing sharp payment variations. Bankrate Incorporated operates Bankrate.com, a leading Internet consumer-banking website. In 2006, the site saw approximately 53 million visitors.
U.S. Bank hires new president of Rockford market
U.S. Bank has named Michael Abate as the new president of its Rockford market. Abate will be responsible for U.S. Bank's private and commercial banking operations at its eight centers in Rockford, Winnebago, and Janesville, IL. Abate has been in the banking industry for about 25 years. He has served the Associated Bank for the past eight years, leading its private banking operations in Rockford. U.S. Bank, which is part of U.S. Bancorp, is worth $221 billion in assets and is one of the largest commercial banks in the U.S.
SMART ropes in Dias as director in business consulting
SMART Business Advisory and Consulting has appointed Clifford Dias, Certified Management Consultant, as director. Dias, a veteran in public finance, will be based in the firm's New York office. Dias has 19 years' experience working with international and other public sector organizations in process re-engineering and systems integration. Earlier, he worked with Deloitte Consulting and KPMG Consulting (Bearing Point) and has also served as deputy budget director for the New York City Housing Authority. SMART is a global business consulting services company with 15 offices spread across the U.S. and Europe.
