Upstate, SC -- September 12, 2007 -- CommunitySouth Bank & Trust (OTCBB: CBSO) today announced Art Tompkins has been named Vice President and Controller.
Based in the Bank’s Easley headquarters, Tompkins is responsible for internal and external financial reporting, including filings with the Securities and Exchange Commission (SEC), financial reports to the board of directors and executive team, and internal accounting functions.
“We are very pleased that Art has joined CommunitySouth,” said John Hobbs, Chief Financial Officer of CommunitySouth. “Art’s vast experience will greatly benefit our Company.”
Tompkins has more than nine years of accounting experience, most recently as Chief Financial Officer and Controller with the C. Dan Joyner Company, Inc. in Greenville. Tompkins is currently pursuing his Masters in Business Administration from Clemson University and earned his Bachelor of Science degree in Accounting from Clemson University. A Certified Public Accountant, he is a member of the American Institute of Certified Public Accountants and the South Carolina Association of Certified Public Accountants.
Tompkins is active in the community and currently serves on several boards of directors, including the Alumni Association of the South Carolina Governor’s School for Science and Mathematics, the Wenwood Towns Homeowners Association as Vice President and Treasurer and the Daniel Square Condominium Association as Treasurer. A resident of Easley, Tompkins is originally from Dillon, SC.
About CommunitySouth Bank & Trust:
CommunitySouth Bank & Trust (OTCBB: CBSO) commenced operations in the Upstate of South Carolina on January 18, 2005. After completing what was at the time the largest initial public offering ever to fund a South Carolina-based bank, the Company capitalized with $30 million and has since grown assets to over $327 million. In operation for two and a half years, CommunitySouth is one of the fastest growing and most profitable de novo banks compared to peer banks that also opened during 2005.
CommunitySouth is headquartered in Easley, South Carolina and currently operates full-service offices in Easley, Mauldin, Spartanburg, Anderson and Greer. The Company plans to open an additional location in Greenville during the fall of 2007. The Company also operates investment, insurance and full-service mortgage divisions.
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, please call us at 864-306-2540, toll-free at 866-421-CSBT, or visit: www.communitysouthbankandtrust.com.
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Certain statements in this news release contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to future profitability, growth, plans and expectations, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties, and other factors, such as a downturn in the economy, greater than expected non-interest expenses or excessive loan losses, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. For a more detailed description of factors that could cause such differences, please see our filings with the SEC.
Although we believe that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove to be inaccurate. Therefore, we can give no assurance that the results contemplated in the forward-looking statements will be realized. The inclusion of this forward-looking information should not be construed as a representation by our company or any person that the future events, plans, or expectations contemplated by our company will be achieved. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
