Wachovia Corporation announced that Mickey W. Dry, chief credit officer and senior executive in charge of Loan Administration, is retiring after 39 years of service. Donald K. Truslow has been named to succeed Dry in the newly created position of chief risk officer and will lead an expanded function with oversight for Wachovia’s operational, credit, interest rate, balance sheet and market risk.
“Mickey Dry has served Wachovia with distinction for 39 years,” said L.M. Baker Jr., Wachovia chairman and chief executive officer. “His strong presence has been felt throughout the organization as he led our credit function for 11 years. He will be greatly missed, but has amply earned this opportunity to have more time for family and personal pursuits.
“Wachovia is fortunate to have an exceptionally skilled and experienced professional in Don Truslow to assume responsibility. His duties will bring together risk oversight activities across the company.”
Dry, 60, joined Wachovia in 1961 and has held positions in Charlotte, Kinston, Greenville, Raleigh and Winston-Salem. In 1985 he moved to Winston- Salem as senior loan administration officer for Wachovia’s corporate banking activities. He was elected executive vice president and assumed his current position in 1989 and was elected senior executive vice president in 1997.
Dry is a native of Albemarle, N.C., and a graduate of Lenior-Rhyne College and the School of Banking of the South at Louisiana State University. He also completed The Executive Program at the Colgate Darden School of Business at the University of Virginia. Dry serves on the boards of trustees of Lenior- Rhyne College and the Old Hickory Council of Boy Scouts of America and the board of directors of Piedmont Regional Trauma System Inc.
Truslow, 42, joined Wachovia in Winston-Salem in 1980. He worked in International Banking and General Loan Administration before moving to the U.S. Corporate Division of Wachovia Corporate Services in Atlanta as a loan administration officer in 1986. He was elected senior vice president in 1987 and became loan administration manager for the International Group later that year. He returned to North Carolina in 1988 with responsibility for loan administration for the bank’s Piedmont Triad Region in Greensboro. He served as executive vice president and chief credit officer of Wachovia Bank of South Carolina from January 1992 to September 1995. He was manager of the Middle Market Corporate Banking Group of Wachovia Corporate Services Inc. in Winston- Salem before becoming comptroller in 1996. He was elected executive vice president of the corporation in 1997, treasurer in 1998 and senior executive vice president in April 1999.
Truslow is a native of Summit, N.J., and a graduate of the University of Virginia. He has served on the boards of directors of the Virginia-Carolinas Chapter of Robert Morris Associates, the South Carolina Philharmonic Orchestra and the Central South Carolina Chapter of the American Red Cross. He currently serves as vice president on the Forsyth Technical Community College Foundation Development Board and is a member of the Financial Services Roundtable.
Wachovia Corporation, with dual headquarters in Atlanta and Winston-Salem, N.C., is a leading financial holding company serving regional, national and international markets. At June 30, 2000, Wachovia had assets of $70.8 billion. Member companies offer consumer and commercial banking, bank card, asset and wealth management, capital markets and investment banking, brokerage and insurance services. Wachovia Bank, N.A., the principal subsidiary, has nearly 700 offices and 1,300 ATMs in Florida, Georgia, North Carolina, South Carolina and Virginia. Wachovia’s highly rated web site is located at http://www.wachovia.com .Details