Did you hear about more changes in the executive roster at Little Rock’s One Bank & Trust?
The $439.7 million-asset lender is in the market for a chief financial officer.
Tom Whitehead, CFO, executive vice president and director, is no longer employed by One Bank. The change occurred in late December, we’re told.
You might recall that Whitehead was placed on paid administrative leave in advance of his permanent exodus.
He is the third executive/director to be removed from the bank.
Whitehead followed the regulator-mandated ouster in September of Layton “Scooter” Stuart as chairman, president and CEO. (Yes, the one whose house was searched last week by agents from the FBI and IRS.) A year before Stuart left, Michael Heald was shown the door as executive vice president, chief operating officer and director.
Late last month, Gary Rickenbach, executive vice president, chief loan officer and director, was placed on paid administrative leave. That move reduced the recently expanded board of directors from six to five.
The two newest members of the board, named last month, are serving in an advisory capacity until formal approval by regulators.
They are James Schnoes, chief financial officer of FTJ Group LLC of Rogers and a former senior vice president at J.B. Hunt Transportation; and Bob Nash, a political journeyman who rose to prominence during the Clinton administration.