Lathe to replace retiring First Banks CEO McCarthy

First Banks Inc. CEO Terry McCarthy plans to retire in February, he announced to the board of the Clayton-based bank holding company.

Timothy Lathe, who joined First Banks in April 2013, will replace McCarthy. Lathe, 58, was the chief banking officer and president and CEO of First Bank, First Banks Inc.’s principal subsidiary.

McCarthy, 59, will stay on as an advisor until July 1.

Read more from the St. Louis Business Journal

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