Thursday, August 4, 2016

SouthCrest Financial Group Names Schmitt President and CEO

WOODSTOCK, Ga., Aug. 04, 2016 (GLOBE NEWSWIRE) — Joan Cravey, Chairwoman of SouthCrest Financial Group, Inc. (OTC:SCSG) announced today that the Company has named Brian D. Schmitt Chief Executive Officer and President of the Company and its subsidiary SouthCrest Bank N.A, effective August 8th. “The Board believes Brian fits well with what SouthCrest needs today – a growth oriented leader with a long history of successful banking in Atlanta and surrounding markets. We expect Brian will lead the Company well as it moves into the future.” Schmitt will also be named a director of both the Bank and Holding Company as part of his appointment.

Schmitt was previously the President and CEO of Piedmont Bancshares, Atlanta Market CEO and Director of M&A for Heritage Bank of the South, and has over 30 years banking experience in the Atlanta metro area.

SouthCrest Financial Group, Inc. is a $550 million asset bank holding company headquartered in Woodstock, Georgia. The company operates a 12 branch network throughout Georgia and Alabama through its subsidiary bank, SouthCrest Bank, N.A. The bank provides a full suite of retail and commercial banking services, SBA lending, and online banking services.

This presentation may contain certain “forward-looking statements” that are subject to risks, uncertainties, and other factors that could cause actual results and shareholder values to differ materially from those projected. Factors that could cause or contribute to such differences include economic conditions, government regulation and legislation, changes in interest rates, credit quality, competition, and other risk factors.

Andy Borrmann, Chief Financial Officer


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