Liberty American Hires Ex-Prez of Money Store

Bill Templeton, a former president of The Money Store who was a pioneer in developing the subprime sector, has been named chief operating officer of Liberty American Mortgage, Roseville, Calif.At The Money Store, Mr. Templeton managed a financial services company with $14 billion in assets and 150 U.S. branches in 47 states, Liberty American said. He participated in the $2.2 billion sale of the company to First Union Bank in 1998, remaining as president and chief executive officer of the Money Store subsidiary of First Union for a year after the sale. Liberty American CEO Patrick White said the company plans to expand further into the alternative-A market.