Banker Hudson to retire

SARASOTA — Longtime prominent local banker Tramm Hudson is retiring — for the second time.

Hudson, who will turn 60 Nov. 11, says he will retire from his current post, Florida President for St. Cloud, Minn.-based Stearns Bank, Nov. 15. He will stay with the bank, which entered the Gulf Coast market in 2009, as a goodwill ambassador. Hudson called his departure a “very amicable situation” in an interview today with the Business Review.

One of the key reasons behind Hudson's decision was the fact that a building he owned, a former office for First Priority Bank in Bradenton, finally sold. Says Hudson: “That was a big financial albatross tied around my neck.”