COMMUNITYSOUTH BANK & TRUST ANNOUNCES NEW HIRES
DAVID SWANK, SELENA MCLEROY AND CATHY MERRELL
Greenville, SC -- November 27, 2007 -- CommunitySouth Bank & Trust today announced David Swank, Selena McLeroy and Cathy Merrell as the newest members of the CommunitySouth Bank & Trust team.
As Assistant Vice President and Community Banker, Swank is responsible for small business lending, consumer lending, and developing deposit relationships in the Spartanburg area. Swank brings with him over five years of banking experience, most recently as Assistant Vice President and Consumer Lender for South Carolina Bank and Trust. A resident of Spartanburg and native of Fullerton, California, Swank holds a Bachelor of Arts degree in Finance from Wofford College. He is a board member of the Spartanburg Young Professionals and is active in the Sertoma Club.
In her new position as Teller Supervisor of the Bank’s Greer office, McLeroy is responsible for servicing customers, coaching the teller line, completing branch reports and audits, and assisting the branch manager in daily bank operations. She brings over seven years of banking experience to her position, most recently as Customer Service Representative for the Bank of Boston. McLeroy holds an Associate of Arts Degree in Liberal Arts from Broward Community College in Florida and attended Florida Atlantic University. A native of Fort Lauderdale, Florida, McLeroy has lived in Greenville for the last 16 years and is active with the Prince of Peace Catholic Church in Taylors.
Merrell has joined the Bank as Mortgage Loan Assistant. Based in the Bank’s Easley headquarters, Merrell is responsible for processing mortgage loans and providing exceptional customer service. She has over 20 years of banking experience, most recently as Mortgage Underwriter for Citizens Loan Center in Greenville. Merrell attended Tri-County Technical College and is actively involved with the American Cancer Society’s Relay for Life and the Pickens County Meals on Wheels program. Merrell currently resides in Williamston.
“We are very pleased that these experienced and talented banking professionals have joined our team,” said C. Allan Ducker, III, Chief Executive Officer of CommunitySouth Bank & Trust. “They will help us provide our customers with an exceptional banking experience, and are excellent additions to our customer-oriented team.
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 $370 million. CommunitySouth was recently named the 11th fastest growing company in South Carolina, according to South Carolina‘s Fastest-Growing Companies 2007 competition.
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 full-service investment, insurance and 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, online banking and bill pay, nationwide free ATMs, free business courier service, its signature free refreshment center, and more.
For more information about CommunitySouth Bank & Trust, call toll-free 866-421-CSBT, or visit 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.
