Jacksonville Bancorp (JAXB) in Florida has filled its opening for a chief executive.

The $520 million-asset company hired Kendall Spencer as president and CEO on Tuesday. Donald Glisson, Jacksonville's chairman, had filled the role on an interim basis since Stephen Green's resignation in June.

Spencer, 61, had been senior commercial banker at the $255 million-asset Florida Citizens Bank in Gainesville. He has also held executive roles in Florida with Mercantile Bank and Barnett Bank.

Spencer was also named CEO and a director of Jacksonville Bancorp's bank. In addition, Glisson was elected the company's executive chairman.

"We are extremely proud to have an executive with Kendall's background and experience join our company," Glisson said in a press release. Spencer "possesses the skills and knowledge we were seeking in our CEO, as well as the values and ethics we expect from every single team member."

Jacksonville Bancorp, which has financial backing from Eugene Ludwig of Promontory Financial Group, has reported three straight profitable quarters after being hit hard by Florida's real estate slump. The company raised $5 million in October.

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