CertusBank has terminated its top executive team, effective immediately, the $1.7 billion-asset bank announced Wednesday.
Greenville, S.C.-based Certus announced that it has tapped John Poelker as interim president and chief executive. Poelker's experience includes stints as CEO of Beach First National Bank in Myrtle Beach, S.C., and Georgian Bancorp. in Atlanta. He formerly served as chief financial officer at Old National Bancorp in Evansville, Ind. and State Bank Financial. Since 2005, he has run Poelker Consultancy, an Atlanta firm that advises financial institutions.
Robert Wright, a longtime Certus board member, was appointed as the new chairman of the board.
The terminated executives are Executive Chairman Milton Jones, Chief Executive Walter Davis and President Angela Webb. Their departures follow a
They also follow the March 31
The change in management also came two days after American Banker reported that Certus' leaders had received
CertusBank was founded in the wake of the financial crisis with $500 million in commitments from hedge funds and other outside investors to acquire failed banks. It acquired a federal charter in January 2011 when it purchased CommunitySouth Bank & Trust from the Federal Deposit Insurance Corp. It currently operates in 12 states with more than 30 branches.