William T. Conway was promoted to senior vice president of benefits and compensation for Selective Insurance Company of America.

The open-market purchases will be made periodically starting in 2006.

John C. Burville will serve on its board of directors in January and stand for election in April.

The parent of Atlantic Stewardship Bank will pay 24.4% more than in the first quarter of 2005.

The asset manager’s credit facility has been increased to $100 Million.

Bids are expected over the next several weeks.

Shareholders can elect to receive either $19 in cash or 0.87 shares of Sun common stock.

Proceeds will be used to produce prototypes of Multispectral's product for customer evaluations and to support pilot production.

Alan N. Mansfield will manage finances of its global operations.

John B. Power has joined as chief administrative officer.

Borrowers find money in offbeat places

Douglas Crane’s resignation follows the announcement that Crane & Co. plans to sell some or all of its American Bank Note shares to institutional investors.