MAULDIN ELECTED CHAIRMAN OF CENTURA BANKS INC.
ROCKY MOUNT, N.C., Jan. 20 /PRNewswire/ -- Centura Banks Inc. (NYSE: CBC) announced today that its board of directors elected Robert R. Mauldin as the company's new chairman and chief executive officer. He succeeds J. Richard Futrell Jr., who retired as chairman and chief executive officer to become budget director for the state of North Carolina and a key advisor to Gov. James B. Hunt. The board also elected Futrell chairman of the executive committee of the board of directors. These changes fulfill a management succession agreement made when Centura Bank was formed in November of 1990. "Dick Futrell provided exceptional leadership to Centrual Banks Inc. as its first chairman and chief executive officer. His vision of a strong bank with a community bank orientation became a reality with the creation of Centura Bank," said Mauldin. "We are well positioned to build on the foundation Dick helped establish. We have a great team of employees and board of directors who will move the company forward and continue to provide outstanding service to our customers and to the communities we serve." Mauldin, 58, became president and chief operating officer of Centura when the company was formed in November of 1990. Previously he was chairman and chief executive officer for Peoples Bank, one of Centura's predecessor companies. He joined Peoples in 1969 as the executive vice president. He became president of Peoples in 1981, president and chief executive officer in 1984 and chairman and chief executive officer in 1985. A China Grove, N.C. native, Mauldin earned a bachelor of science degree in Business Administration from the University of North Carolina at Chapel Hill. He is a graduate of The Graduate School of Banking of the South at Louisiana State University and the National Commercial Lending School at the University of Oklahoma. Mauldin currently serves as a director of Downtown Renaissance Inc., Triangle East and the Rocky Mount Community Development Foundation. He also serves as chairman of the N.C. Wesleyan College Board of Visitors and on the Board of Trustees of Elizabeth City State University. He has served as president of the Rocky Mount Chamber of Commerce, president of the United Fund, a member of the Rocky Mount City School Board and a director of North Carolina Citizens for Business and Industry. With more than $3 billion in assets, Centura Banks Inc. operates 130 branches in 71 communities across North Carolina through its two subsidiaries, Centura Bank and Mid-South Bank. -0- 1/20/93 /CONTACT: A. Douglas Haynes, Director of Marketing, Centura Banks, Inc., 919-977-8429/ (CBC)
CO: Centura Banks Inc. ST: North Carolina IN: FIN SU: PER
SB -- CH010 -- 6974 01/20/93 14:29 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Jan 20, 1993|
|Previous Article:||COHERENT INC. ANNOUNCES FIRST QUARTER RESULTS|
|Next Article:||CORVEL ANNOUNCES RECORD QUARTERLY RESULTS|