Kent S. Dill Joins First National Bank as Retail Sales and Service Manager
November 29 2007 - 12:26PM
PR Newswire (US)
SPARTANBURG, S.C., Nov. 29 /PRNewswire-FirstCall/ -- First National
Bank of the South announced today that Kent S. Dill has joined
First National as Senior Vice President and Retail Sales and
Service Manager. Jerry Calvert, President and CEO, said, "We are
excited to have Kent join the First National team. We are
enthusiastic about the experience and energy that he will bring to
our bank and look forward to seeing the positive results that come
under Kent's and Bob Murdoch's leadership in our retail markets. It
is a great pleasure to work with him once again." A Greenville
native, Dill most recently served as Executive Vice President -
South Carolina Retail with SunTrust Bank (previously American
Federal Bank) in Greenville, SC. Dill brings with him over 29 years
of banking experience in the Upstate of South Carolina. Robert W.
Murdoch, Jr., First National's Executive Vice President and Retail
Banking Manager, said, "Kent's considerable banking experience and
knowledge of the retail banking industry are valuable assets to the
employees in our branch network and the customers we serve across
the state." In the past, Dill has served as the Chair of the
Greenville United Way Campaign and the United Way Board. He has
served as a board member of the Greenville Area Chamber of
Commerce, among numerous other community leadership positions. He
also serves the Greenville community as one of its six deputy
coroners, a duty that he has performed since 1986. COMPANY
HIGHLIGHTS First National Bancshares, Inc. is a $574-million asset
bank holding company based in Spartanburg, South Carolina. Its
common stock is traded on the NASDAQ Global Market under the symbol
FNSC. It was incorporated in 1999 to conduct general banking
business through its wholly-owned bank subsidiary, First National
Bank of the South. First National Bank of the South provides a wide
range of financial services to consumer and commercial customers
through three operating divisions -- the banking division, small
business lending division, and the wholesale mortgage lending
division. The banking division operates seven full-service branches
in South Carolina, three in Spartanburg County operating as First
National Bank of Spartanburg, and four operating as First National
Bank of the South in Charleston, Mount Pleasant, Greenville and
Greer. First National has also applied with the Office of the
Comptroller of the Currency to open its eighth full-service branch
at the corner of South Carolina Highway 160 and Stonecrest
Boulevard in the Tega Cay community in Fort Mill, South Carolina.
First National also operates loan production offices in Columbia,
Daniel Island and Rock Hill, South Carolina. First National Bank
also operates a small business lending division under the name of
First National Business Capital and this division provides small
business lending services to customers in the Carolinas and
Georgia. First National Bank's wholesale mortgage lending division
provides services to community banks and mortgage brokers across
the Southeast from its office on North Main Street in Greenville.
In addition to these services, First National offers trust and
investment management services to its customers through an alliance
with Colonial Trust Company, which has offices in Spartanburg and
Greenville. Additional information about First National is
available online in the Investor Relations section of
http://www.firstnational-/ online.com. First National Bancshares,
Inc. and Carolina National Corporation (NASDAQ:CNCP) recently
announced they have entered into a definitive merger agreement.
Following the merger, Carolina National's four Columbia offices
will begin operating under the name First National Bank of the
South. FORWARD-LOOKING STATEMENTS Certain statements in this press
release contain "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995, such as
statements concerning our future growth, plans, objectives,
expectations, performance, events and the like, as well as any
other statements, including those regarding the proposed merger,
that are not historical facts and are thus prospective. Such
forward-looking statements are subject to risks, uncertainties, and
other factors, including, but not limited to: the businesses of
First National and Carolina National may not be integrated
successfully or such integration may take longer to accomplish than
expected; disruption from the merger may make it more difficult to
maintain relationships with clients, associates, or suppliers; the
required governmental approvals of the merger may not be obtained
on the proposed terms and schedule; shareholders may not approve
the merger; changes in worldwide and U.S. economic conditions;
changes in the interest rate environment which may reduce the net
interest margin; a downturn in the economy or real estate market;
greater than expected noninterest expenses or excessive loan losses
as a result of changes in market conditions and the adverse impact
on the value of the underlying collateral and other factors 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 or contribute to
such differences, please see First National's and Carolina
National's filings with the Securities and Exchange Commission.
Although we believe that the assumptions underlying the
forward-looking statements are reasonable, any of the assumptions
could prove to be inaccurate. These projections and statements are
based on management's estimates and assumptions with respect to
future events and financial performance and are believed to be
reasonable though they are inherently uncertain and difficult to
predict. 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 either company or any person that
the future events, plans, or expectations contemplated by either
company will be achieved. First National and Carolina National do
not intend to and assume no responsibility for updating or revising
any forward-looking statement contained in this press release,
whether as a result of new information, future events or otherwise.
DATASOURCE: First National Bank of the South CONTACT: Jerry L.
Calvert of First National Bank of the South, +1-864-594-5690 Web
site: http://www.firstnational-online.com/
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