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Columbus, NE

Apr 3, 2008

Wachovia has new market president

“CB&T has done a lot for this market”

Alicia Laramy's battle with bone cancer has led her to step aside as the top executive at Wachovia Bank in Columbus, making way for a banking veteran with deep hometown roots in the market.

Greg Allmendinger, a 'military brat' who grew up in Columbus, took charge of the city's second-largest bank Tuesday. He now oversees 18 financial centers, or branches, and 200 employees.

Wachovia reported $775 million in deposits in June 2007, according to the Federal Deposit Insurance Corp., giving the bank 14.8 percent of the local market. That's second only to Columbus Bank & Trust's $2.9 billion in deposits and nearly 56 percent market share. Read more

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