Searle, Ex-SunBanks Chief, Wary on Deposit Insurance

Philip F. Searle began his banking career in 1949 as a teller in a $6 million-asset bank in Geneva, Ohio. He ended it 1986 as chairman of SunBanks Inc., Orlando. Two years ago, Mr. Searle agreed to volunteer as chairman of the National Advisory Board, created by the thrift bailout law to provide a private-sector voice to the Resolution Trust Corp.

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