CHATTANOOGA, Tenn., Aug. 1, 2006 (PRIMEZONE) -- First Security Group, Inc. (Nasdaq:FSGI), a community bank holding company serving middle and eastern Tennessee and northern Georgia, today announced that Randall L. (Randy) Gibson has been named as an additional director of the Company. For the past 11 years, Mr. Gibson has served as Chief Manager and General Counsel for Lawler-Wood, LLC. Based in Knoxville, TN, Lawler-Wood is a real estate development and property management firm. Mr. Gibson practiced law in Chattanooga, TN from 1986 to 1995 as a partner in the regional law firm of Baker, Donelson, Bearman and Caldwell, specializing in commercial and construction law.
Rodger B. Holley, First Security's Chairman, President and Chief Executive Officer, said, "Randy's knowledge of the commercial real estate and construction markets in our region is very impressive. Since loans of this type are driving much of the growth in our regional economy, the breadth of his experience is this sector will be a valuable asset to our Company."
Mr. Gibson graduated from the University of Tennessee in 1983 with a Bachelor of Science degree in finance, and from the Tennessee College of Law in 1986, both with honors. He and his family reside in the Knoxville area where he serves on the board of several civic and charitable organizations.
About First Security Group, Inc:
First Security Group, Inc. is a bank holding company headquartered in Chattanooga, TN with $1.1 billion in assets. Founded in 1999, First Security's community bank subsidiary, FSGBank, N.A. has 37 full-service banking offices along the interstate corridors of middle and eastern Tennessee and northern Georgia. In Dalton, GA, FSGBank operates six full-service banking offices under the name of Dalton Whitfield Bank and two offices under the name Primer Banco Seguro (PBS); PBS serves the region's rapidly growing Latino population. FSGBank also operates under the name of Jackson Bank & Trust along the I-40 corridor. FSGBank provides retail and commercial banking services, trust and investment management, mortgage banking, asset-based lending, financial planning, Internet banking (www.FSGBank.com) and equipment leasing through its wholly-owned subsidiaries, Kenesaw Leasing, Inc. and J & S Leasing, Inc.
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Forward-Looking Statements
This news release contains comments or information that constitute forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the results expressed in forward-looking statements. Factors that might cause such a difference include changes in interest rates and interest rate relationships; demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking regulation; changes in tax laws; changes in prices, levies, and assessments; the impact of technological advances; governmental and regulatory policy changes; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; changes in the national and local economy; and other factors, including risk factors, referred to from time to time in filings made by First Security with the Securities and Exchange Commission. First Security undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise.