After just four months, CEO of Tri-State Bank steps down
Christine Munson, former CEO of Tri-State Bank
Isaac Singleton Photography
The CEO of Tri-State Bank of Memphis[1] stepped down after four months with the company.
Christine Munson[2] left Tri-State Bank in July as a result of unexpected family matters that required her attention. Both Munson and Lucy Shaw[3], chairwoman of the board of directors for Tri-State, said the departure was amicable.
Christine Munson, former CEO of Tri-State Bank
Isaac Singleton Photography
“The job took up a lot more time than I was expecting, and I had a lot more family things come up after I took the job,” Munson said. “In the short time I was there I felt like I accomplished some things.”
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Munson officially came out of retirement March 1 after a 31-year career with First Tennessee Bank[4] to assume the role of CEO[5] for Tri-State Bank. Munson was the first female and first white CEO for the minority-owned bank.
Shaw said during Munson’s time with the bank she never once failed to meet her commitments, and she got the company looking at areas that needed attention.
“She was such a blessing to us, and I miss her personally,” Shaw said. “She is an awesome banker, a person of tremendous integrity, but she had some personal and family things come up that she really needed to handle.”
Tri-State Bank is now in the process of finding Munson’s replacement, which Shaw said she would like to see filled within the next 60 days. The hire will likely come from outside Tri-State.
“We are working on resolving that in this very moment,” Shaw said. “We are excited; we are going forward.”
Prior to Munson’s hire, Jesse Turner[6] Jr., president of Tri-State Bank, held both the title of president and CEO.
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References
- ^ Tri-State Bank of Memphis (www.bizjournals.com)
- ^ Christine Munson (feeds.bizjournals.com)
- ^ Lucy Shaw (feeds.bizjournals.com)
- ^ First Tennessee Bank (www.bizjournals.com)
- ^ assume the role of CEO (www.bizjournals.com)
- ^ Jesse Turner (feeds.bizjournals.com)