“Executive officer,” when used with respect to a specified person (other than an individual), means any person who participates or has authority to participate, otherwise than in the capacity of a director, in major policy-making functions of such specified person, regardless of whether or not he has an official title, whether or not his title contains a designation of assistant, and whether or not he serves with salary or other compensation. Each of the following is rebuttably presumed to be an executive officer of a bank unless he is excluded by the by-laws of such bank or by resolution of the board of the bank from participating in major policy-making functions and does not actually participate therein: the chairman of the board, the vice-chairman of the board, the chairman of the executive committee, the president, any vice president (except as otherwise provided in the next sentence and excluding any assistant vice president), the secretary, the chief financial officer, the cashier, the treasurer, the controller, and any trust officer (including any senior trust officer, but excluding any assistant trust officer). In the case of a bank which has a number of vice-presidents with the title “Vice-President” and some higher ranking vice-presidents with titles such as “Executive Vice-President,” “Senior Vice-President,” or “First Vice-President,” none of the vice-presidents with the title “Vice-President” is presumed to be an executive officer of such bank.