Drennan ousted as president of 1st Choice

FORT COLLINS – John Drennan has left his position as president of 1st Choice Bank and 1st Choice Financial Corp. in Fort Collins, after bank president and CEO Darrell McAllister requested his immediate resignation.

A settlement agreement prohibits either side from disclosing the terms of a severance package, but McAllister said that he and Drennan had reached an amicable agreement.

“The public line is that I left because of a difference in philosophy,´ said Drennan, who left 1st Choice March 17. “We’ve come to a resolution, but it’s still a shock. It was the most difficult thing I’ve ever had to deal…