Homan Gets 2d CEO Title at First Florida
Paul M. Homan, a former national bank regulator, was named chief executive officer of First Florida Banks Inc., the company announced on Thursday.
The announcement came a week after Mr. Homan was appointed president and chief operating officer of the Tampa, Fla., holding company, which has $5.8 billion in assets. At that time, Mr. Homan was also made chief executive of the holding company's lead subsidiary, First Florida Bank.
Part of a Series of Developments
As CEO of the bank and holding company, Mr. Homan succeeded A. Bronson Thayer, who remains chairman of both entities.
In a statement announcing Mr. Homan's additional CEO role, First Florida said it was part of a series of moves to align the boards of the bank and its parent more closely. First Florida pointed out that the bank represents 96% of the holding company's assets and that the activities of the two entities "are not distinguishable in terms of operation and administration."
Four vacancies on the holding company board were filled with First Florida Bank directors: David Knapp, financial consultant and a director of InterFirst Bank Fannin, Houston, Texas; Tom Arthur, president and chief executive officer of Havatampa Inc.; Scane Bowler, president and chief executive officer of the Malvern Group Inc.; and Troy Brown Jr., president of Raybro Electronic Supplies.
First Florida Banks also named Tom L. Rankin chairman of its executive committee.
A majority of the members of both boards are now identical, streamlining their decision making, First Florida said.