Wilton White

Wilton White, Wachovia Bank's Southeast Texas president, retired from his position effective Dec. 31 and was replaced by Chuck Ege, who took early retirement from his leadership position as market president for JP Morgan Chase.
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White, 69, concluded 47 years in Southeast Texas banking, which he began in 1958 at the Orange National Bank.

"It's time for somebody else to take the reins and me go play," White said in a telephone interview Monday."The bank is in excellent shape.

With about $515 million in deposits and nine locations in Southeast Texas, White is handing over the bank's leadership to Ege, 56, who had been considering early retirement for a while.
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White said the Wachovia signs are just now going up even though the name change occurred before Hurricane Rita struck.

"For once, we didn't have to replace something that was perfectly good," he said, referring to signs damaged in the storm.

"I've enjoyed (banking), even in the bumpy times," he said, referring to the First City closure in the early 1990s because its Houston-based holding company developed financial trouble.

White simply moved across Park Street to what was then Texas Commerce Bank, which was acquired by Chase before it ultimately sold to Hibernia National Bank, which recently was acquired by Capital One.

White joined the old First Bank & Trust, the Groves-based bank then owned by Jack Brooks, a longtime member of Congress until the mid-1990s.
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White joined First Bank & Trust in early 1998, about 18 months before it was sold to Birmingham, Ala,-based SouthTrust Bank, which then sold to Charlotte, N.C.-based Wachovia.

"I'm through working," White declared.

Former Wachovia area market president Wilton White, who retired in December, helped draw the money together when he evacuated to Dallas during Hurricane Rita.