A director of Omaha-based Commercial Federal Corp. resigned last week, about two months after announcing he was forming his own bank.

William A. Krause, a 3.6% stakeholder in Commercial Federal, left his post on the $11.1 billion-asset company's board to avoid clashes between Commercial Federal and his new institution, Liberty Bank of West Des Moines, according to media reports.

Mr. Krause got his Commercial Federal shares and board seat in February 1998 after he sold the bank he then controlled-Liberty Bank and Trust-to the Omaha thrift. A Commercial Federal spokesman would not comment on Mr. Krause's departure, and Mr. Krause did not return calls seeking comment.

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