Fair question

By Geert De Lombaerde Posted on October 16, 2009 at 2:18 pm

When a regional bank that lost $151 million in the second quarter and whose CEO is stepping down says it will release its Q3 report late on a Friday, it’s worth following up. Here’s the answer Josh Flory got.

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Tags: banking, earnings reports, Green Bankshares Inc., The Bank Draft  

First Tennessee shuffling leadership

By Geert De Lombaerde Posted on August 28, 2009 at 11:54 am

Josh Flory checks in with some interesting management news from First Tennessee. The bank has lured King Purnell, a former SunTrust regional president, to lead its commercial real estate line of business statewide, a new approach that bank leaders say complements the market-based org chart the bank has long used.

“We’ll have very focused attention on (each) line of business,” [Charles Burkett] said. “These are the businesses that we want to be in, that we want to grow, we want to support, and it gets our people servicing customers in those segments with additional focus on it.”

SEE ALSO: Naomi Snyder with the corresponding Nashville news that ends up with Mike Edwards in Memphis and Doyle Rippee in charge of Middle Tennessee.

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Tags: banking, Charles Burkett, commercial banking, Doyle Rippee, executive leadership, First Tennessee Bank, Josh Flory, King Purnell, Mike Edwards, The Bank Draft  

GreenBank parent: Bye bye bonuses

By Geert De Lombaerde Posted on February 24, 2009 at 11:11 am

From The Bank Draft, news of more belt-tightening at one of the state’s largest banks.

In addition, all five saw their incentive plan compensation eliminated for 2009. For Puckett (whose base salary is $325,000) that’s a loss of $134,048.

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Tags: banking, executive compensation, Green Bankshares Inc., The Bank Draft