John Eisele leaves Millennium just as its corporate parent gets a new boss. John Eisele, has left Harleysville National Corporation. The former president of the bank holding company's wealth-management and private-banking subsidiary Millennium, departed last month and subsequently reached a separation agreement, which Harleysville National filed with the Securities and Exchange Commission last week. He hasn't been replaced.

Harleysville, Pa.-based Harleysville National isn't saying why Eisele left.

Circumstantial

Eisele couldn't be reached.

According to the separation agreement, Eisele's severance package includes one year's base pay and benefits through 30 June 2008. He has apparently signed a non-compete agreement with Harleysville National.

Eisele joined Harleysville National as Millennium's manager and an executive v.p. of its corporate parent bank holding company in September 2004. Before that he was a v.p. in the FleetBoston's Quick & Reilly, a discount broker-dealer that has since been absorbed into Bank of America 's retail securities division.

Eisele replaced Millennium's CEO David Sparks who resigned in June 2004 "to pursue other interests," according to a Harleysville National statement released at the time. That happened about two months after Harleysville National acquired Malvern, Pa.-based Millennium Bank (as it was then known) along with Vineland, N.J.-based RIA Cumberland Advisors.

Harleysville National's president and CEO Gregg Wagner resigned last September. Paul Geraghty, a former executive v.p. at Cleveland-based National City took his place earlier this month.

Millennium manages about $3 billion in assets. -FWR

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