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Jodi Rave: Who's in charge of Native American Bank?
Friday, May 16, 2008
Filed Under: Business

"Who's in charge of the bank?

Native American Bank board leaders have yet to announce why the national bank's president was placed on administrative leave more than two weeks ago.

As of Thursday, J.D. Colbert had not been notified on whether he still has a job as bank president after being dismissed from his duties April 30.

Cristina Danforth, the bank's holding company board president, said a statement intended to be released last Friday was “still in development.” As of Thursday, it wasn't complete.

Danforth has not returned phone calls.

Lynn Dee Rapp, an NAB depositor, questioned the management shakeup and, like many, still does not know what is happening in the bank.

“I'm waiting for the statement to decide whether or not to include them in our marketing endeavors,” said Rapp, president of WaSioux Inc., a gaming device development company in Buffalo Gap, S.D. “We don't know who's running it. We have no idea. They are on hold until we have more information.”

Meanwhile, Colbert's photos and biographical information have been removed from the bank's Web site at www.nabna.com."

Get the Story:
Jodi Rave: Native American Bank hush on president's leave (The Missoulian 5/16)

Related Stories:
Jodi Rave: Native American Bank CEO put on leave (5/8)

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