04.27.2009 3:03 pm

First Bank executive quits

St. Louis Post-Dispatch

Robert S. Holmes has resigned as CEO of First Bank, the banking operation of First Banks Inc., according to a company filing with the Securities and Exchange Commission. Holmes was also executive vice president for commercial banking for the First Banks parent company.

Holmes was replaced by Terrance McCarthy, who is also CEO of the First Banks parent company. McCarthy, 54, had been CEO of the bank from 2002 to 2007.

Tags: First Bank, First Banks, Robert S. Holmes, Terrance McCarthy

5 comments

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Blog Comments: Rules of the Road

Any news on a reason why?

— Tim

2:00 pm April 28th, 2009

real estate, real estate, real estate…

— xman09stlouis

10:09 am April 29th, 2009

Not a step in the right direction. First Bank operations and customer service is the worst I’ve ever seen from a bank and they have no excuse for that, being smaller than BoA, Nation’s, etc. McCarthy is a step backward.

— underground_mensa

7:58 am May 5th, 2009

Robert Holmes accepted an offer to head Private Bank’s western regional banking unit (per SLBJ)

— Dubbs

2:22 pm May 6th, 2009

I used to work for First Bank, and I would have to say that Terry McCarthy is a great guy and will do a wonderful job. They have taken quite a few losses on the Commercial Side and maybe it was time for Mr. Holmes to go anyway.

I think that this was a good thing.

— Steve

2:56 pm May 14th, 2009