Reliance Bank names Ivie CEO
St. Louis Business Journal
June 23, 2010
Reliance Bancshares Inc. has named Allan Ivie IV president and chief executive of the company, as well as chairman and CEO of subsidiary Reliance Bank.
Jerry Von Rohr will remain as chairman of Reliance Bancshares Inc. and vice chairman of Reliance Bank, where he will continue to play an active role in the company and its subsidiaries, the company said.
The changes are effective immediately.
Ivie comes to Reliance from The PrivateBank, which he co-founded in 2000 and where he served as president and chief operating officer. Prior to that, he held various executive positions at NationsBank, The Boatmen's National Bank of St. Louis and Sovran Bank of Richmond, Va.
Von Rohr, 65, has been working on a succession plan since 2008, when he hired an executive search firm to find his replacement.
Von Rohr launched Reliance Bank in 1999 after raising $9.5 million in capital. The bank has grown to more than 200 employees, with 20 branches in the St. Louis area, three in Fort Myers, Fla., and two loan production offices, in Houston and Phoenix.
The company's total assets as of March 31 exceeded $1.4 billion.
