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The Cook County Land Bank Authority on Thursday approved the hiring of Chicago banking executive Brian White as its first executive director.

White, 44, received a three-year contract at an annual salary of $150,000. He most recently worked at Charter One, charged with implementing the bank’s community reinvestment strategy. Previously, he was executive director of Lakeside Community Development Corp., a nonprofit community development organization.

The county land bank, formed in January 2013 after two years of discussion, undertook a nationwide search for its first director.