Crain's Cleveland Business -
[Cached Version]
Published on: 2/21/2007
Last Visited: 2/22/2007
Only weeks after its new CEO announced that one of his top priorities would be to improve the banking company's credit quality, FirstMerit Corp. (Nasdaq: FMER) revealed that its executive vice president and chief credit officer, David Lucht, has resigned.
FirstMerit said Mark Grescovich, the company's executive vice president of commercial banking, has replaced Mr. Lucht as chief credit officer on an interim basis.
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FirstMerit said it has begun a search for a replacement for Mr. Lucht, whom the company said "resigned to pursue another career opportunity."
FirstMerit did not elaborate on the change in its brief, two-paragraph press release announcing Mr. Lucht's departure.