Coastal Banking Co. in Beaufort, S.C., promoted Charles Wagner to president and hired Thomas Flournoy to be its new chief financial officer.
Wagner remains the president of CBC National Bank, Coastal's subsidiary in Fernandina Beach, Fla., a title he has held since June 2015. As part of a succession plan, he took over the presidency of the holding company this month from Michael Sanchez, who remains CEO of the bank and its $615 million-asset parent.
After joining the company in 2007, Wagner helped establish its mortgage division, which he ran for a time. He has also supervised the bank's human resources, information technology and operations, marketing and strategic planning. He sits on the boards of the bank and the parent.
Since Wagner was named president of the bank last year, he has "continued to ably demonstrate the acumen and proven performance" that led the company to promote him once again, Sanchez said in a press release Tuesday.
Flournoy was the CFO and a senior vice president at First Bank of Georgia and its parent company, Georgia-Carolina Bancshares, from 2009 until that company merged into State Bank Financial of Atlanta in January 2015.
At Coastal, he also holds an executive vice president title. He succeeded Paul Giarrigues, who left "to pursue other opportunities" after roughly nine years as CFO, a company spokesman told American Banker.