Cormode Takes Leave As Symitar SystemsCEO

June 30, 2005, 1:00 a.m. EDT 1 Min Read

SAN DIEGO - (06/30/05) Long-time Symitar Systems CEO BruceCormode has taken a leave of absence for health-related reasons,according to Jack Prim, CEO of Jack Henry, which owns Symitar.We don't know yet whether he is leaving for good ornot, Prim told The Credit Union Journal. We hopehe'll be coming back, but we just don't know. He's been dealingwith this for a while, and it finally just got to the point wherehe needed to take a few steps back [from the business] to deal withthis. Although there is no hard and fast end date forCormode's leave of absence, Prim suggested he expects Cormode willtry to make a decision about whether he'll be able to come backwithin 90 days. In the interim, the managers who had been reportingto Cormode are now reporting directly to Prim. The firm sentletters to customers informing them of the leave.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Monetary policy

Fed's rate cut trajectory unclear as dueling dissents emerge

The Federal Open Market Committee voted to reduce interest rates by 25 basis points Wednesday, but the emergence of dissents on the committee makes the chance of another quarter-point cut in December less certain.

By Maria Volkova

6h ago
Small business banking

Small businesses' must-haves: Speed, simplicity, capital

American Banker's 2025 Small Business Banking conference yielded lessons about the need for speed, simplicity and safety in small-business lending. Other key takeaways included the significance of digital payment options and the importance of continuing to process SBA loan requests during the government shutdown.

By Allissa Kline

8h ago
Earnings

UMB shows growth and growing pains as it absorbs Heartland

Nine months after acquiring Heartland Financial, Missouri's largest bank posted a complicated quarter.

By Nathan Place

8h ago
Stablecoin

Western Union plots its stablecoin move

The legacy money transfer firm plans to launch USDPT, a coin designed to improve international payment processing. That and more in the American Banker global payments and fintech roundup.

By John Adams

9h ago
Climate change

What the pullback of U.S. climate guidance means for banks

Credit analysts say climate risk could still pose a financial threat to financial institutions, even though the federal government has taken an ax to Biden-era climate guidance.

By Catherine Leffert

10h ago
Fiserv

Fiserv's earnings miss 'difficult to comprehend'

The bank technology company, which faces market pressure from fintechs, cut its outlook by about 20% and restructured its leadership following the departure of former CEO Frank Bisignano to the Trump administration.

By John Adams

11h ago