Wednesday, October 4, 2017

SouthCrest Bank names Michael Washburn Executive Vice President/Chief Credit Officer

ATLANTA, GA – As it continues to add senior professionals to meet its growth objectives in the Atlanta regional market, SouthCrest Bank announces the appointment of well-known and respected banking industry veteran Michael R. Washburn as Executive Vice President/Chief Credit Officer.

Washburn has three decades of executive leadership and board advisory experience with numerous local, state and regional banks in Georgia, Alabama, Florida and Utah. He was an expert witness testifying before the U.S. House of Representatives’ Financial Services Committee on Financial Restructuring and Reform, and was an Adjunct Professor of Investments at Birmingham Southern College.

“The effective execution of the financial and managerial responsibilities of SouthCrest Bank’s Executive Vice President and Chief Credit Officer are absolutely essential to this institution’s sustainable growth and success,” commented Brian D. Schmitt, CEO of SouthCrest Bank and SouthCrest Financial Group (SCSG:PK). “Being able to attract industry-leading talent like Mike Washburn is a genuine win for SouthCrest and its shareholders. He’s a financial professional with a proven track record of performance. Mike’s appointment sends a clear message to the market that SouthCrest is building an A-Team of seasoned executives to help meet our objectives and those of our clients.”

Washburn earned the Bachelor of Arts in Communications from the University of Alabama and the Masters in Business Administration from the University of North Alabama. His community involvement includes being active with the Birmingham Chamber of Commerce, local charities, youth soccer, Rotary Club, Humane Society, American Cancer Society and MS Society. Washburn and his wife, Marian, have a daughter, Allyn, who attends Pepperdine University.


SouthCrest Financial Group, Inc. is a $531-million asset bank holding company headquartered in Atlanta, GA. The company operates 11 offices in Georgia through its subsidiary bank, SouthCrest Bank, N.A. The bank provides a full suite of retail, private, entrepreneurial, high-net-worth and commercial banking services, 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.


Andrew Bowen, APR

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