First Southern Bank in Boca Raton, Fla., announced Wednesday that its president, Lynne Wines, has added the title of chief executive officer and has been elected to its board of directors.
Wines is replacing J. Herbert Boydstun, the former chief at Hibernia National Bank in New Orleans who has been First Southern Bank's CEO since early 2010. Boydstun will remain chairman and CEO of the holding company, the $1.2 billion-asset First Southern Bancorp, and will focus primarily on acquisitions, the company said in a news release Wednesday.
First Southern has more than its doubled its assets and tripled its number of branches, to 15, with acquisitions of two failed banks since late 2010 and, thanks to a $400 million capital raise two years ago, it has the war chest to do more deals.
Wines said she intends to build on the bank's growth by recruiting the best bankers and sharpening its focus on the needs of its clients.