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State Bank Financial in Atlanta has named one of its founding shareholders and current board member as its vice chairman and president.
October 30 - Georgia
After a three-year hiatus, Royal Bank of Canada resumed U.S. bank dealmaking Wednesday with a transaction it said would act as a yardstick for the kinds of purchases it now intends to pursue.
August 10 -
State Bank Financial (STBZ) in Atlanta has agreed to buy Georgia-Carolina Bancshares (GECR) in Augusta, Ga. The $2.6 billion-asset State Bank will pay about $82 million, or $22.35 a share, in cash and stock.
June 24 -
State Bank Financial in Atlanta more than doubled quarterly earnings on gains from acquisitions and noninterest income.
October 23 -
State Bank Financial in Atlanta has lined up its next chief financial officer.
October 14
State Bank Financial in Atlanta has tapped one of its directors to lead its banking unit.
The $2.6 billion-asset State Bank said in a press release Thursday that J. Thomas Wiley will become chief executive at State Bank and Trust on Jan. 1. Wiley, a founding shareholder of the company, is already a member of its board.
Wiley will succeed Joe Evans, who will remain chairman and CEO of the company.
"Over the course of his distinguished banking career and our 32-year working relationship, Tom Wiley has consistently demonstrated excellence as a leader and a banker of the highest integrity," Evans said in the release.
Wiley joined State Bank in early 2013, becoming vice chairman and president. He
From 2002 to 2006, Wiley was vice chairman of Flag Financial and president and CEO of Flag Bank, where he worked with Evans and others from State Bank. Flag
Kevin Fitzsimmons, an analyst at Hovde Group, wrote in a note to clients that he doubts the move is tied to succession planning because Evans and Wiley are roughly the same age.
"However, we think State Bank Financial views the move as serving to elevate some of the next generation of leaders in the reporting structure," Fitzsimmons added. "We think the main purpose of the move is to free up Evans to focus more externally, namely on the deployment of [the company's] excess capital."
State Financial, which acquired Atlanta Bancorp. on Oct. 1, recently named Sheila Ray, a former executive of the acquired institution, as its chief financial officer. The company also
Paul Davis contributed to this report.