Community & Southern Bank in Atlanta has hired its new president away from a larger Alabama lender.
The $2.6 billion-asset bank said Monday that Mark Abernathy has been appointed president. He succeeds Lee Sessions, who retired last month, a spokeswoman said.
Abernathy joins Community & Southern from Cadence Bank, a $5.7 billion-asset bank in Birmingham, Ala., where he was community banking executive officer and had served as president and chief operating officer from 1994 through 2011.
"As we welcome [Abernathy] as our new president, we thank [Sessions] for all he has done over the past two years," Chief Executive Pat Frawley said in the news release. The bank "is poised for future growth and consistent operating performance, and we are very excited about this transition."
Community & Southern has bought seven failed banks from the FDIC since its founding in 2010, according to the release.
