The Newsroom
FOR IMMEDIATE RELEASE
CONTACT:
Barbra Anderson
Director of Marketing
CommunitySouth Bank & Trust
864-306-2540 x125
banderson@csbat.com
COMMUNITYSOUTH’S THOMAS W. HALE APPOINTED
PRESIDENT OF LOCAL RISK MANAGEMENT ASSOCIATION CHAPTER
Upstate, SC -- September 5, 2006 -- CommunitySouth Bank & Trust (OTCBB: CBSO) today announced Thomas W. Hale, Senior Vice President and Senior Credit Administration Manager, has been appointed President of the Upper South Carolina Chapter of the Risk Management Association (RMA).
Founded in 1914, RMA is a not-for-profit, member-driven professional association committed to helping financial professionals identify, assess, and manage the impacts of credit risk, operational risk, and market risk on their businesses and their customers in the financial services industry.
Headquartered in Philadelphia, Pa., RMA has 3,000 institutional members that include banks of all sizes as well as non-bank financial institutions. They are represented in the Association by 17,000 risk management professionals who are chapter members in financial centers throughout North America, Europe, and Asia/Pacific.
Hale joined CommunitySouth in December 2004 and is responsible for underwriting new loan production and loan portfolio administration. Hale has more than 30 years of banking and financial experience and over 25 years of lending experience. Before joining CommunitySouth, Hale was Senior Vice President and Senior Credit Officer at New Commerce Bank.
A resident of Greenville and native of St. Petersburg, Florida, Hale holds a BSBA from the University of Florida and graduated from the American Banker Association’s Stonier Graduate School of Banking. In the community, Hale is active in an informal upstate credit officers group and was previously active in the Greenville Home Builders Association.
“We are very pleased that Tom has accepted this leadership role in the financial community,” said C. Allan Ducker, III, Chief Executive Officer of CommunitySouth. “Identifying and assessing risk is a critical component of maintaining the integrity of our banking system, and we wholeheartedly support Tom in this important leadership position.”
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CommunitySouth Bancshares, Inc. (OTCBB: CBSO) commenced operations in the Upstate of South Carolina on January 18, 2005. Fueled by the largest initial public offering ever for a South Carolina-based bank, the company capitalized with $30 million and has since grown assets to over $220 million. In operation for less than two years, CommunitySouth is one of the fastest growing de novo banks in the country, compared to peer banks that also opened during the first quarter of 2005.
CommunitySouth is headquartered in Easley, South Carolina and plans to cover the entire Upstate market. Currently the bank operates full-service offices in Easley, Mauldin, Spartanburg and Anderson, and plans to open a full-service office in Greer in late 2006.
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 with bill pay, a nationwide free ATM network, free business courier service, automated telebanc, courtesy overdraft coverage, and more.
For additional information about CommunitySouth, call 864-306-2540 or visit www.communitysouthbankandtrust.com.
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