Upstate, SC -- December 28, 2006 -- CommunitySouth Bank & Trust (OTCBB: CBSO) today announced Lary Heichel has been named Senior Vice President & Chief Risk Officer.
Based in the Bank’s Easley headquarters, Heichel is responsible for the Company’s risk management programs, including external and internal audits, compliance audits, information security program, and regulatory compliance including the Bank Secrecy Act.
“We are very pleased that Lary has joined CommunitySouth’s senior management team,” said C. Allan Ducker, III, Chief Executive Officer of CommunitySouth. “Lary’s vast experience in the areas of risk management and regulatory compliance will greatly benefit our Company, especially in the current banking environment.”
Heichel has more than 20 years of audit experience, most recently as Internal Audit Manager with The South Financial Group in Greenville. Heichel earned a Bachelor of Science degree in Accounting from Bob Jones University and is a member of the Institute of Internal Auditors and the Fiduciary and Investment Risk Management Association. A current resident of Pickens, he is originally from Oxford, Michigan.
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CommunitySouth Bancshares, Inc. (OTCBB: CBSO) commenced operations in the Upstate of South Carolina on January 18, 2005. After completing the largest initial public offering ever for a South Carolina-based bank, the Company capitalized with $30 million and has since grown assets to over $240 million. In operation for less than two years, CommunitySouth is one of the fastest growing and most profitable de novo banks in the country, compared to peer banks that also opened during the first quarter of 2005.
CommunitySouth is headquartered in Easley, South Carolina and currently operates full-service offices in Easley, Mauldin, Spartanburg, Anderson and Greer, and plans to open additional offices in Greenville and Spartanburg in 2007.
CommunitySouth offers a complete line of banking products and services, including commercial, consumer and mortgage loans, personal and business checking and savings accounts, free online banking and bill pay, nationwide free ATMs, free business courier service, remote deposit service, courtesy overdraft coverage, and more.
For additional information about CommunitySouth, call 864-306-2540 or visit www.communitysouthbankandtrust.com.
