California's First Tech Federal Credit Union is apparently taking its good time before picking its new president/CEO to succeed Benson Porter, who starts next month as head of the $10 billion BECU of Seattle.

In a statement last week the $5 billion Palo Alto CU reaffirmed Hank Sigmon, chief financial officer, as its interim head and said the board's hiring committee "is conducting a broad and thoughtful search including a thorough application review process."

The recruitment program "is progressing as planned but at this time we have not identified a firm hire date," said Deborah Colby, marketing vice president.

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