Michael Kramer Named CEO of FSGBank
December 06 2011 - 6:00AM
Business Wire
Financial services veteran Michael Kramer has been named chief
executive officer of FSGBank, N.A., a $1.1 billion bank
headquartered in Chattanooga, Tennessee with 31 full-service
offices in eastern and middle Tennessee and northern Georgia.
FSGBank is the community bank subsidiary of First Security Group,
Inc. (NASDAQ: FSGI).
“Mike has the relevant experience, dynamic leadership style, and
financial acumen to help this organization prosper and grow,” said
First Security Group and FSGBank Lead Director Carol H. Jackson.
“We are delighted to welcome him aboard after an extensive national
CEO search.”
Mr. Kramer most recently was managing director of Ridley Capital
Group, a private equity/merchant banking firm focused on financial
service companies. He has more than 20 years of executive
leadership in commercial and retail banking, correspondent banking,
credit and risk management, treasury management services, banking
operations/technology and market management.
For the past decade he has focused on operational and credit
turnarounds in super-community and community banks, and has worked
extensively with regulatory agencies including the Federal Reserve
Bank and Office of the Comptroller of the Currency.
Mr. Kramer succeeds Roger Holley, who resigned as CEO in April
2011. Mr. Kramer will also serve as a director of FSGBank, subject
to regulatory non-objection.
“I am very excited about the future of FSGBank,” Mr. Kramer
said. “This is a company with a solid foundation, great
possibilities and excellent markets; all of the ingredients
critical to building a successful, profitable community bank. We
will dedicate every resource to continuous improvement of the bank:
serving business and individual customers with the professional
service they deserve, while being efficient and productive. Equally
important, we expect FSGBank and its officers to be woven into the
fabric of our communities by supporting and serving with some of
the great non-profits that exist in our markets.”
Prior to his tenure with Ridley Capital, Mr. Kramer was
president and CEO of Ohio Legacy Corporation, a bank holding
company based in Wooster, Ohio. During his five-year tenure, he led
a Board and management reorganization, executing a successful
credit turnaround strategy and balance sheet transformation. As a
result of the reorganization, the company was recapitalized by
Excel Bancorp.
From 1999 to 2004 he was chief operating officer and chief
technology officer at Evansville, Indiana-based Integra Bank
Corporation, where he led a team that transformed operating,
technology and product platforms. His teams built the bank’s
Treasury Management, Electronic Banking and Mortgage Banking
businesses.
Among other career highlights, Mike led the correspondent
banking practice at Cincinnati-based Star Bank, N.A. (subsequently
acquired by US bank) building the practice into the second largest
Correspondent Bank in Kentucky and Ohio, was a member of the
Strategic Advisory Board for Fiserv/CBS from 2001 to 2004 and led
various key initiatives with Deluxe Corporation, a Fortune 500
financial services company.
Mr. Kramer and his wife Meg have been active on various boards
in the communities in which they’ve lived including the Canton
Symphony Orchestra, Main Street Wooster, North Coast Young Life,
Wooster Arts Jazz Festival and The BioHio Research and Development
Center Board.
He earned his undergraduate degree from Grove City College and
has served there as an Adjunct Professor of Entrepreneurship
focusing on Banking and Risk Management.
Founded in 1999, First Security's community bank subsidiary,
FSGBank, has 31 full-service banking offices along the interstate
corridors of eastern and middle Tennessee and northern Georgia. In
Dalton, Georgia, FSGBank operates under the name of Dalton
Whitfield Bank; along the Interstate 40 corridor in Tennessee,
FSGBank operates under the name of Jackson Bank & Trust.
FSGBank provides retail and commercial banking services, trust and
investment management, mortgage banking, financial planning and
Internet banking services (www.FSGBank.com).
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