Tuesday, August 26, 2014

Carolina Premier Bank CEO resigns

John Kreighbaum, CEO of Ballantyne-based Carolina Premier Bank, said Tuesday he is stepping down as head of the lender he helped launch in 2007.

Kreighbaum, 67, said the move is effective immediately. In an interview Tuesday with the Observer, he said the decision was voluntary.

“When I started forming the bank, I had anticipated that it would take a couple of years to get it open, which it did, and then I had planned to spend about seven years, no more than seven years," at its helm, he said.

"I made this decision," he said.

Chuck Davis, the bank's chairman, said Tuesday the resignation surprised the board.

"We just found out today, Davis said. "I think he just wants to go do something else."

Caryn Johnson, chief operating officer, has been named interim chief executive, Davis said.

Kreighbaum declined to discuss what his next move might be, other than he plans to remain in the banking industry.

Carolina Premier Bank reported $252,000 in profit in the first quarter, up from $202,000 in the same quarter last year.

"The bank's doing phenomenal and in great shape, Davis said.


Anonymous said...

Probably best for the bank he leaves, he hasn't done very much and was not cared for by employees

Customer C said...

I have had the pleasure to know John Kreighbaum since he began organizing Carolina Premier Bank. He has been a creative and innovative force in the industry and has the utmost care and respect for the all of the employees of the bank and its branches. He will be sorely missed.

CJ Jarrett