Movement Bank in Danville, Va., has a new leader.
The $41 million-asset bank said in a press release Thursday that it had hired David Rupp, former CEO of Four Oaks Fincorp, as its next CEO. Rupp succeeded Tom Smith, a former bank consultant who is retiring after leading the bank for 18 months.
Four Oaks sold itself last year to United Community Banks in Blairsville, Ga.
Before joining Four Oaks, he was retail banking and mortgage president at VantageSouth Bank. His background also includes stints as CEO of Greystone Bank, senior executive vice president of Regions Financial and various roles at Bank of America and First Union.
Movement Bank "has a wonderful 100-year legacy of service to its customers and community," Rupp said in the release. "Working with the Movement team, we have the chance to care for our customers and communities, improving and innovating banking where we live and work.”
Casey Crawford, CEO of Movement Mortgage, bought a majority stake in First State Bank in June 2017, then rebranded it as Movement Bank.
Crawford said in an interview earlier this year that the bank was focused on improving credit processes, implementing new technology and cleaning up the balance sheet. He added that he wants the bank to leverage technology and reach $100 million in assets in 2019.
“I am so thankful for the time and effort Tom has given to us as CEO of Movement Bank and wish him the absolute best in his future,” Crawford said in the release. “We are also thrilled to have David and his family join our team. I’m excited to see where David’s experience and dedication to servant leadership can take us in the years to come.”
