State Bank in Georgia Hires New CFO

State Bank Financial in Atlanta has lined up its next chief financial officer.

The $2.6 billion-asset company said in a press release Tuesday that Sheila Ray will succeed Thomas Callicutt Jr. when he retires as CFO early next year. Ray was CFO at Bank of Atlanta, which was sold to State Bank earlier this month.

Callicutt will remain with State Bank as a senior advisor, serving as a mentor during Ray's transition.

Ray has more than 20 years of banking experience in Georgia, working at Wachovia, First National Bank of Gainesville, Tucker Federal Bank and RBC Centura Bank. She is also a certified public accountant.

"I have tried to recruit Sheila Ray more than once," Joe Evans, State Bank's chairman and chief executive, said in the release. "An added benefit of our recent Bank of Atlanta merger was bringing Sheila into State Bank at just the right time."

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