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Louise Kelly devised the unusual business model for EnerBank USA and had to fight to put it into practice. Selling her idea to CMS Energy proved to be pivotal.
September 22 - Utah
Zions Bancorp. in Salt Lake City posted stronger third-quarter earnings from lower costs and higher fee income. The $58.4 billion-asset company said in a press release Monday that its earnings rose 6% from a year earlier, to $84.2 million, or 41 cents a share.
October 19 - Texas
WASHINGTON — Home Depot Inc. said Thursday that it would end its bid to buy a Utah industrial loan company, adding another twist to the fight over retailers owning banks and further complicating legislation to ban commercially owned ILCs.
January 25
EnerBank USA in Salt Lake City has chosen Charlie Knadler to succeed Louise Kelly as president and chief executive after her retirement next month.
Knadler joined the $1.1 billion-asset bank in 2004 and currently serves as chief financial officer. He was previously the bank's chief credit officer. He also serves on the executive committee of the Utah Association of Financial Services and the National Association of Industrial Bankers.
"He's prepared with the right skills and experience to keep the momentum going," Kelly said in a Thursday news release.
Kelly,
EnerBank, a subsidiary of CMS Energy in Jackson, Mich., provides unsecured home-improvement loans through building contractors.
