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Park Sterling Bank names chief risk officer

Charlotte-based Park Sterling Bank said it has hired Nancy Foster as chief risk officer.

Foster, who is also director of the Risk Management Association in Philadelphia, has served as chief risk officer at New York-based  CIT Group and held various positions for 24 years at Chicago-based LaSalle Bank.

The bank said it hired Foster in preparation of an expansion across the Carolinas and Virginia.

Park Sterling has two branches in Charlotte and one in Wilmington.

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