COMMUNITYSOUTH BANK & TRUST ANNOUNCES THE
PROMOTIONS OF MAC HOGAN, LORI GREENE, AND JENNIFER POLSON
Upstate, SC -- October 30, 2007 -- CommunitySouth Bank & Trust (OTCBB: CBSO) today announced the promotions of Mac Hogan, Lori Greene, and Jennifer Polson.
Hogan was promoted to Senior Vice President and Senior Community Banker for the greater Spartanburg area. In his new position, Hogan is responsible for growing, managing and expanding current and prospective banking relationships in the greater Spartanburg market, and developing other CommunitySouth community bankers. Hogan joined CommunitySouth in March 2005 as Commercial Portfolio Manager and was promoted to Vice President & Commercial Lender in January 2007. He brings more than seven years of banking experience to his new position. Hogan, a resident of Spartanburg, holds a Bachelor of Science degree in Finance and Economics from Lander University. He currently serves on the Advisory Board of the Salvation Army and is active with Mobile Meals and the United Way, and is a member of the Spartanburg Chamber of Commerce.
In her new position as Customer Service Representative, Greene is responsible for opening new accounts and ensuring customer satisfaction at the Bank’s Spartanburg office. Greene joined the Bank in September of 2006 as Teller Supervisor for the Spartanburg office and brings more than nine years of banking experience to her new position. Greene is involved with Junior Achievement and is a resident of Boiling Springs.
Polson has been promoted to Product Specialist. In her new position, Polson is responsible for the Bank’s commercial deposit services. She works with customers to identify and fulfill their banking needs and to ensure an exceptional service experience. Polson joined CommunitySouth in October 2006 as Teller Supervisor of the Greer office and was later promoted to Associate Business Banker. She brings over eight years of banking experience to her new position. Polson is active with the American Cancer Society, organizing the Bank’s Relay for Life team this past May. Polson is a resident of Greer and will work out of the Bank’s Greenville office.
“We are very pleased to recognize Mac, Lori and Jennifer for their contributions to the Company’s success,” said C. Allan Ducker, III, Chief Executive Officer of CommunitySouth. “These individuals share our passion for providing exceptional customer service and the best banking experience possible for the community.”
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 $346 million. In operation for over 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 Greenville, Spartanburg, Anderson, Greer, Mauldin, and Easley. 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.
