Home BancShares, Inc. Announces Appointments: Dave Seleski Named to Centennial Bank Board of Directors, David Druey Named to ...
July 05 2018 - 8:15AM
Home BancShares, Inc. (NASDAQ GS:HOMB) (“Home” or “the Company”),
and its wholly-owned subsidiary, Centennial Bank (“Centennial”),
today announced the appointment of former Stonegate CEO, Dave
Seleski, as a member of the Centennial Bank Board of Directors as
well as the promotion of David Druey to Regional President in
Florida.
“We are extremely pleased to have Dave join our
Board of Directors and continue providing good direction on the
former Stonegate loan portfolio in Florida,” said John W. Allison,
Chairman.
“This was the plan all along,” said Seleski.
“During the conversion from Stonegate, I facilitated the
distribution of loans into the appropriate Centennial regions and
that transition has gone better and faster than I anticipated. I
thought it could take as many as three years, but due to the depth
of experience Centennial has in Florida, the process is basically
complete. I am very pleased with the combined team that is in place
to move forward. I am honored and elated to be asked to serve on
the Centennial Board.”
“Additionally, we are promoting David Druey to
Regional President with responsibility for all of Florida,
excluding North Florida,” added Allison. “Druey has been with the
bank from the beginning and ran one of the most profitable regions
in Arkansas. He has most recently served as Division President for
Broward County for almost four years,” said Allison. “David is a
proven successful operator within our company; with his day to day
operations of the bank and Dave’s mentorship as a director, it
creates an even stronger team for our Florida markets.”
“The Stonegate integration was very smooth and
we have found ourselves in an opportunity to move Dave into an
integral position by joining the board and continuing to provide
leadership in our Florida market,” said Tracy French, President and
CEO of Centennial Bank. “David Druey has done an excellent job
growing the Broward County market. Florida is an important market
to HOMB and Centennial Bank. As a combined team we will continue to
make great things happen in Florida.”
General
Home BancShares, Inc. is a bank holding company,
headquartered in Conway, Arkansas. Its wholly-owned subsidiary,
Centennial Bank, provides a broad range of commercial and retail
banking plus related financial services to businesses, real estate
developers, investors, individuals and municipalities. Centennial
Bank has branch locations in Arkansas, Florida, South Alabama and
New York City. The Company’s common stock is traded through the
NASDAQ Global Select Market under the symbol “HOMB.”
This release contains forward-looking statements
regarding the Company’s plans, expectations, goals and outlook for
the future. Statements in this press release that are not
historical facts should be considered forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements of this type speak only as of
the date of this news release. By nature, forward-looking
statements involve inherent risk and uncertainties. Various factors
could cause actual results to differ materially from those
contemplated by the forward-looking statements. These factors
include, but are not limited to, the following: economic
conditions, credit quality, interest rates, loan demand, the
ability to successfully integrate new acquisitions, increased
regulatory requirements as a result of our exceeding $10 billion in
total assets, legislative and regulatory changes, technological
changes and cybersecurity risks, competition from other financial
institutions, changes in the assumptions used in making the
forward-looking statements, and other factors described in reports
we file with the Securities and Exchange Commission (the “SEC”),
including those factors set forth in our Annual Report on Form 10-K
for the year ended December 31, 2017 filed with the SEC on February
27, 2018.
FOR MORE
INFORMATION CONTACT: |
|
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Home
BancShares, Inc. Donna TownsellSenior Executive Vice
President &Director of Investor Relations(501) 328-4625 |
Centennial
BankTracy M. FrenchChief Executive Officer(501)
941-4278 |
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