Federal Trust ( FDT) said CEO James Suskiewich replaced Stephen Green as the president of its Federal Trust Bank unit.

The Sanford, Fla., thrift said the move "was necessary for the Bank to be able to implement needed operational changes in 2007."

As Suskiewich so aptly put it, "We cannot afford to leave any stones unturned."

Shares rose 24 cents to $10.24.

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