FORT WORTH, Texas – Converted credit union OmniAmerican Bank announced yesterday it has named a new president and CEO to succeed long-time chief Larry Duckworth, who died suddenly Feb. 8.
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Tim Carter, 52, a long-time banker who served as chief of Texas Commerce Bank and Chase Bank after it merged with Commerce, will take the helm of the $1.5 billion ex-credit union on June 25.
OmniAmerican, which converted from credit union in January 2006, is preparing an initial public offering that is expected to raise as much as $100 million, one of the biggest IPOs ever for a converted credit union. The naming of a new CEO will clear the way for the IPO.
