The firing of Trans Financial Inc.'s chairman and chief executive last week apparently was the culmination of dissatisfaction with his business strategies and the poor performance of the bank's stock.

"These things don't just happen in a day," said Michael J. Moser, senior vice president at the Bowling Green, Ky., banking company "It boiled down to the direction the company was taking, and the board had one idea of what would return shareholder value, and he had another - and they were not exactly in sync."

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