(Editor's Note: In this space a couple of weeks ago, I wrote about problems at the corporate level of CertusBank as outlined in an industry publication. Since then, the bank's board has taken action. Here's the followup to that story.)
CertusBank fires top staff
Milton Jones, Walter Davis and Angela Webb were terminated last week from their respective posts as executive chairman, chief executive officer and president of CertusBank. The firings came after an article in American Banker Magazine raised questions about how Jones, Davis and Webb had been spending money in the bank.
CertusBank appointed industry veteran John S. Poelker interim president and Chief Executive Officer, effective immediately.
Dr. Robert L. Wright will succeed Jones as CertusBank’s chairman of the board of directors.
“I look forward to working with everyone at CertusBank to strengthen the company for the future. My goals are to listen, learn and lead – in that order,” said Poelker. “As we assess the state of the bank, we will remain focused on doing the right thing for our customers and working openly with all of our stakeholders. I am energized about this opportunity and eager to get started.”