Magazine : Archives : 1st Quarter 2021

Unexpected Detour

For Ron Tillett, it was love at first sight. It was the fall of 2016, and Tillett, vice chairman at Union Bank &Trust in Richmond, Virginia, was part of a team of people who were interviewing candidates as part of the bank’s CEO succession process. Tillett, board chair Ray Smoot and a third director, Tom Rohman, were camped out in a private conference room at their outside law firm. They were about to interview John Asbury, then the 50-year-old chief executive of a community bank in New Mexico that was more than one-fourth Union First Market’s size. “I remember this...