First American Bank & Trust in Athens, Ga., has a new chief executive.
The $465 million-asset bank has named Rhodes McLanahan CEO and president. McLanahan succeeded Bobby Heath, who remains the bank's vice chairman. Heath had been president and CEO since 1996.
McLanahan has worked at First American for 17 years, most recently as chief operating officer.
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The $560 million-asset holding company for SouthCrest Bank did not provide a reason for Kenneth Maloy's departure.
December 18 -
Roy Barnes, a former Democratic governor of Georgia, and his brother have agreed to buy WestSide Bank in Hiram, Ga., for $3 million.
December 4 -
Georgia state regulators shut $103.7 million-asset Mountain Heritage Bank in Clayton on Friday, making it the 48th bank to fail so far this year and 14th failure in Georgia.
June 24
McLanahan's brother, John D. McLanahan Jr., is the chairman and general counsel of First American Bank's holding company, First American Bancorp. The McLanahans' father, John D. McLanahan, was previously the bank's chairman.
