When a bank gets offered, its CEO frequently sits at a profession crossroads.
Sometimes the president is close to retirement age; undoubtedly, the choice to offer the bank is regularly connected to the profession arc of an aging CEO. But in other cases, the magnate at the obtained bank still has a lot of working years left.
The profession courses of 8 previous CEOs, summed up listed below, recommends that these executives routinely discover a brand-new function in the banking market — frequently as a board member or as the president of another bank.
But a few of the previous presidents have actually taken less typical profession turns, consisting of one who did a prominent stint in federal government and another who had a brief turn at the top of the city of Cleveland’s public-school system.
The list covers almost 15 years of bank M&A — from Commerce Bancorp’s sale back in 2007 to 2 regional-bank offers that closed previously this year.