Upstate, SC -- July 2, 2008 -- CommunitySouth Bank & Trust has announced the addition of Jeffrey C. Nix as Vice President and Credit Policy Officer at the Bank’s Easley headquarters. In his new position Nix is responsible for loan underwriting review, commercial loan approval and verification of credit policy adherence.
Nix brings to the Bank 14 years of banking experience, most recently as Special Assets Officer for The South Financial Group, Credit Risk Management Group. He is also a Captain in the South Carolina Army National Guard with previous deployments to Iraq and Afghanistan.
Nix holds a Bachelor of Science in accounting from Clemson University. A native of Liberty, he now lives in Powdersville.
“We are pleased to have Jeffrey join our staff,” said C. Allan Ducker, III, the Bank’s Chief Executive Officer. “His experience in banking and outstanding military career will benefit both our customers and our Company.”
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 $382 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, free online banking and bill pay, nationwide free ATMs, free business courier service, remote deposit service, courtesy overdraft coverage, and more.
For additional information, call 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.
