MetLife Bank Names Prez

Donnalee DeMaio has been named president of New York-based MetLife Bank, which is emphasizing its mortgage and savings products and has become a "strategic business unit" for MetLife Inc., according to the parent company.Ms. DeMaio was most recently the bank's chief financial officer. She succeeds Shailendra Ghorpade, who will remain a member of the bank's board and will head MetLife's institutional business operations as well as its new business development and its marketing and product development, the parent company said. Ms. DeMaio cited the bank's brand name and "unique distribution model" and touted its "leading-edge savings and mortgage products" as indicators that the bank will continue its "growth trajectory." The bank can be found online at http://www.metlifebank.com.