Banco Santander Totta SA said Sunday that its executive chairman Nuno Manuel da Silva Amado has resigned from his post and that the bank's current director, Antonio Jose Sacadura Vieira Monteiro, will replace him.

Recent press reports suggested that Nuno Amado was going to replace Carlos Santos Ferreira, current chief executive officer at Banco Comercial Portugues SA (BCP.LB).

Regulator Web site: www.cmvm.pt

-Dow Jones Newswires; enza.tedesco@dowjones.com