After six years at the helm of Brookline Bank’s auto finance division, David J. Pallin will retire come Dec 31. Mark R. Hennessy, an executive in the auto unit, will succeed him. With 18 years in the auto finance industry, Hennessy has been an officer in the bank’s auto division since February 2003.
Pallin was named senior vice president in charge of Brookline’s indirect auto lending business in November 2002. Under his direction, the bank’s auto loan portfolio grew to $610 million at yearend 2007. Brookline was the nation’s 79th-largest auto financier last year.
Prior to joining the Brookline, Mass.-based bank, he served as collection and liquidation overseer at Bankvest Capital Corp.; marketing manager and vice president of auto lease and finance sales at Chevy Chase Bank; and senior vice president and head of consumer lending at U.S. Trust Corp.
At Brookline, Pallin earned a base salary of $161,000 last year, according to public documents. With restricted stock awards and other payment, his total compensation was $323,453.
—Marcie Belles
