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M&T Hires Wachovia's Truslow as Chief Risk Officer

Don Truslow, who resigned from Wachovia in the run-up to the financial crisis, has resurfaced as the chief risk officer at M&T Bank (MTB) in Buffalo.

Truslow will leave the Financial Services Roundtable, where he has been the president of the lobbying group's Financial Stability Industry Council since 2011. He became Wachovia's chief risk officer in 2000; he announced his resignation in July 2008. The Charlotte, N.C., company imploded just weeks later, eventually selling to Wells Fargo (WFC) at a fire sale price.

M&T said that Truslow will also become an executive vice president and a member of the $82 billion-asset company's management committee.

"M&T's conservative and consistent management principles, deeply rooted in our community banking heritage, are the foundation of our long-term growth and success," Robert Wilmers, M&T's chairman and chief executive, said in a press release. Truslow "will help keep our commitment to those principles strong and steadfast as we continue to grow and succeed in today's ever-changing regulatory and economic environment."

M&T did not immediately respond to a request for further comment.




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