Wednesday, October 8, 2003

Bank One puts Kuertz over Cincinnati network

By Jeff McKinney
The Cincinnati Enquirer

Hoping to grow its commercial lending unit, Bank One has turned to an in-house business-banking veteran to run its 31-branch network in Greater Cincinnati.

Richard B. Kuertz will succeed Todd Munson as president of Bank One Cincinnati, the area's seventh-largest bank, based on deposits.

Munson, who was named Bank One's Cincinnati president in late 2000, will move back to Louisville to become president of Bank One in Kentucky.

Kuertz will take over Bank One Cincinnati operations, which include local deposits of about $933 million, 31 branches and 78 ATMs in the 12-county region surrounding Cincinnati, based on data from SNL Financial, a banking research firm. Bank One employs 250 people locally.

Kuertz formerly was a senior banker at Bank One, working with commercial-lending clients. He has more than 20 years of local banking experience, including 12 years at the former Star Bank - now U.S. Bank - before joining Bank One in 1996.

Kuertz said his goal is to boost the size of the local Bank One franchise, specifically providing more business customers with credit and non-credit services in the range of $10 million to $250 million.

"We know the competition locally is fierce, but we believe we have the services and the people to be competitive," Kuertz said.


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