ST. LOUIS - Boatmen's Bancshares said it named Charles B. "Chip" Dudley 3d, chairman and chief executive officer of Boatmen's Bank of Tennessee, to head Worthen Banking Corp. after Boatmen's acquires it.
The acquisition is expected to close in late February after approval by shareholders of Little Rock-based Worthen. The name of the Worthen holding company will be changed to Boatmen's Arkansas Inc., and the lead bank in Little Rock will be named Boatmen's National Bank of Arkansas. Mr. Dudley will serve as chairman and chief executive of both companies.