Parkway Bank's Clawson on Medical Leave
January 04 2008 - 4:00PM
PR Newswire (US)
LENOIR, N.C., Jan. 4 /PRNewswire-FirstCall/ -- Parkway Bank
(OTC:PKWY) (BULLETIN BOARD: PKWY) recently announced President and
Chief Executive Officer Gary T. Clawson has taken medical leave and
resigned from the Bank's board of directors. "It is with much
regret that the Board accepts both of Gary's requests," said Board
Chair, Kimberlin M. Kincaid. "Gary has been an integral part of
Parkway Bank. His contributions to the formation and successful
operations of the Bank cannot be overstated. All of us on the
Board, within the Bank, and in the community will be keeping Gary
and his family in our thoughts and prayers during this difficult
time." Chief Financial Officer Bob Kirkman and Chief Credit Officer
Carol Shinn will be temporarily taking over Clawson's bank duties
until an interim chief executive officer is hired. "Although the
Bank is facing challenging times ahead with regulatory issues, the
depth of our management team, and other matters," said Kincaid,
"the Board has complete trust in Carol's and Bob's abilities to
step in until we are able to hire an interim chief executive
officer. We intend to move quickly to find an experienced community
banker to complement our existing team and to help us continue
making 'it all about the customer.'" "I sincerely regret that the
condition of my health does not allow me to continue in my roles at
Parkway Bank or to address concerns raised by our banking
regulators," Clawson said. "I have the highest confidence in our
Bank and its directors and employees. I know Parkway Bank will
continue to perform successfully. It will continue to be a
community bank that is committed to achieving what is in the best
interests of our customers and shareholders." Parkway Bank has
consistently grown since it began more than six years ago. The Bank
currently has two locations in Caldwell County and will be opening
a third branch in 2008. For more information contact: Bob Kirkman,
Chief Financial Officer or Kimberlin Kincaid, Chair of the Board
Phone: 828.295.6422 DATASOURCE: Parkway Bank CONTACT: Bob Kirkman,
Chief Financial Officer, ; or Kimberlin Kincaid, Chair of the
Board, +1-828-295-6422, , both of Parkway Bank Web site:
http://www.parkwaybanknc.com/
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