Friday, April 13, 2012

Mike Alley Named to Head Department of Revenue

From the Indianapolis Business Journal:

A former bank president will take the helm of Indiana's embattled revenue department.

State budget director Adam Horst says former Fifth Third Bank president Mike Alley will take over as the state's revenue commissioner. He'll replace John Eckart, who resigned last week.

Alley will take over a department hit by revelations that millions of dollars haven't been properly routed.
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Alley was most recently chairman of Patriot Investments LLC, which does early-stage investments.

Prior to that, he was CEO at Evansville-based Integra Bank Corp., which was shut down by banking regulators last July. He had been hired in 2008 to try to save the debt-ridden bank but couldn't raise enough capital to pay off the bank's massive loan losses.

Alley spent 13 years leading Cincinnati-based Fifth Third Bancorp’s central Indiana operations before leaving in 2002 to focus on private investments.

http://www.ibj.com/ex-bank-exec-alley-to-take-over-indiana-revenue-office/PARAMS/article/33841