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SouthCrest Financial Group (SCSG) in Peachtree City, Ga., has received regulatory approval to merge its four banks into a single charter operating under the name SouthCrest Bank.
January 7 -
The $364 million-asset company named Steve Rownd to the positions, effective Jan. 1. Rownd will also be named president and CEO of FNB Bank.
December 4 -
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
SouthCrest Financial Group in Peachtree City, Ga., said that its chief executive has resigned.
The $560 million-asset holding company for SouthCrest Bank did not provide a reason for Kenneth Maloy's departure. SouthCrest made the announcement in a Friday news release.
Maloy, who was also president and a director of SouthCrest, had been CEO since 2011. He previously was CEO of Bank of Tennessee in Kingsport.
SouthCrest reported third-quarter net income of $661,000, or 8 cents per share, an increase from net income of $60,000 in the third quarter of 2014.
SouthCrest operates 12 branches in Georgia and Alabama, including offices in Chickamauga, Johns Creek and Thomaston, Ga.
