Magazine : Archives : 3rd Quarter 2009
The Leadership Conundrum
When Integra Bank Corp.’s board replaced its chief executive officer with an interim leader in May, it appointed a board member to take the helm. The Evansville, Indiana-based bank, with $3.5 billion in assets, has been hard hit by underperforming residential construction loans, contributing to a $28.5 million net loss in company earnings in the first quarter, versus a $5 million gain for the same period a year earlier. To help change course, the bank tapped Michael Alley, a former banker who joined the board in April, to be its interim CEO. Alley is charged with finding a long-term successor,...
Please enter your username and password below. If you have not established a password please click “forgot password”.
You have accessed a resource that is only available to Bank Director magazine subscribers and Bank Services members.
To start a subscription to the top resource for bank leaders, click here.
If you are a Bank Services Member, you can access Bank Director by logging in here or entering your magazine passcode and email in the form on the left.
