WARREN - David G. Cogswell will start as First Place Bank's chief credit officer July 23, the bank's parent, First Place Financial Corp., said Monday.
The appointment is interim, pending final non-objection from the Office of the Comptroller of the Currency, the bank's primary regulator, the company said.
A 25-year banking veteran, Cogswell has served as chief credit and risk officer for Mutual Bank in Illinois, chief credit officer for American Home Bank of Chicago and chief operating officer for Ameribank in Florida, First Place said.
He also has served in other credit positions such as senior credit officer and consumer credit manager for multibillion-dollar banks during his career.
Cogswell received a bachelor's degree in economics from Dartmouth College.
"We look forward to Dave joining the First Place Bank team to oversee the bank's credit process and quality," said First Place Bank Interim CEO Louis J. Dunham, who served at some of the same institutions as Cogswell, and who replaced Steven R. Lewis, whom the board terminated April 20. "Considering his level of experience, knowledge and commitment, he'll be a great match for the bank as well as the community as we move forward."
Cogswell said he is "excited about the opportunity to join a regional community bank that has served as a longtime resource for local residents and businesses. I look forward to being part of the local community as well."
First Place in February 2011 began operating under a supervisory agreement with Office of Thrift Supervision, which said First Place has engaged in "unsafe or unsound practices."
It consented in July 2011 to cease-and-desist orders from OTS to find ways to strengthen key bank capital standards.
The company was delisted from the Nasdaq in November.