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Thursday, December 1, 2016

SouthCrest Financial Group names George T. Hovis to Board of Directors; Successful developer to help guide bank’s Atlanta growth strategy


ATLANTA – SouthCrest Financial Group, Inc. (SCSG:PK), a $550 million asset bank holding company providing a century of service to businesses and consumers in the Southeast, announces the appointment of George T. Hovis to its Board of Directors.

Brian D. Schmitt, President and Chief Executive Officer of SouthCrest Financial Group and its subsidiary, SouthCrest Bank N.A, said the appointment is a key component of the firm’s strategy to expand its share of private business banking in the Atlanta region.

“George’s stellar track record of strategically and profitably operating real estate companies through the ups and downs of the economy make him a perfect addition to the Board of Directors as we chart an exciting new course to become a leading private business bank in the Atlanta regional market,” declared Schmitt. “His deep market knowledge, dependable vision and sharp strategic focus will be key elements as we achieve our growth and expansion objectives.”

Schmitt added that Hovis has served “admirably” on the boards of three banking companies Schmitt has led through successful growth initiatives, and their relationship dates to 1990.

In October, respected business growth expert Daniel G. Broos joined the SouthCrest Financial Group board, the second new director to come aboard since Schmitt was named President and CEO of SouthCrest Financial Group in August. ic conditions, government regulation and legislation, changes in interest rates, credit quality, competition, and other risk factors.

ABOUT SOUTHCREST

SouthCrest Financial Group, Inc. is a $550 million asset bank holding company headquartered in Woodstock, Ga. 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, commercial and online banking services.

FORWARD LOOKING STATEMENTS

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.


CONTACT:
Andrew Bowen, APR
404-822-3309

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