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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 (STBZ) in Atlanta swung to a profit in the first quarter, as it benefited from improved figures on its covered-loan portfolio.
April 30
State Bank Financial in Atlanta has lined up its next chief financial officer.
The $2.6 billion-asset company said in a press release Tuesday that Sheila Ray will succeed Thomas Callicutt Jr. when he retires as CFO early next year. Ray was CFO at Bank of Atlanta, which was
Callicutt will remain with State Bank as a senior advisor, serving as a mentor during Ray's transition.
Ray has more than 20 years of banking experience in Georgia, working at Wachovia, First National Bank of Gainesville, Tucker Federal Bank and RBC Centura Bank. She is also a certified public accountant.
"I have tried to recruit Sheila Ray more than once," Joe Evans, State Bank's chairman and chief executive, said in the release. "An added benefit of our recent Bank of Atlanta merger was bringing Sheila into State Bank at just the right time."
