CertusBank co-founder resigns from troubled South Carolina-based lender
By John McDermott, The Post and Courier, Charleston, S.C. | |
McClatchy-Tribune Information Services |
Williams had given up his title of co-CEO last year, leaving Upstate native
CertusBank opened its first
Williams told
An article in American Banker published Friday reported questions about a number of expenses.
The trade publication cited a
"Over the past two years, more than
CertusBank officials said the company is looking into the allegations.
"We take very seriously the issues raised in the article published by the American Banker," the bank said in a statement to
"CertusBank remains a strong financial institution, and our talented teammates are focused on providing quality services to customers in
The expenses highlighted by American Banker include "nearly
Wiliams was identified as one of the founders of
Also, the
CertusBank's parent was organized in late 2009 in
It closed its first deal in
CertusBank is now more focsued on shoring up its finances and less focused on acquiring other lenders, which was one of Williams' area of expertise.
"I very much enjoyed my time with the company," he told the
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