After the former president/CEO was dismissed last Augustfollowing a state-ordered conservatorship of the $589 millionAlabama One Credit Union, the Tuscaloosa, Ala., cooperativeannounced Wednesday that William (Bill) C. Wells II was named itsnew president/CEO.
Eight months ago, Wells took over the credit union as an “agentfor the conservator” managing the day-to-day operations. FormerAlabama One President/CEO John Dee Carruth and other formercredit union employees and board members were dismissed in August.They are suing the Alabama Credit Union Administration, the state'sregulator.
According to Alabama One's prepared statement, Wells has morethan 35 years of experience in the financial services industry. Inaddition to working 15 years as a financial regulator, he alsoworked as a chief risk officer for Regions Financial Corp., RegionsBank, AmSouth Bancorporation, AmSouth Bank, SouthTrust Corporationand SouthTrust Bank.
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