PEACHTREE CITY, Ga., Sept. 23, 2011 (GLOBE NEWSWIRE) -- Kenneth H. Maloy, Chief Executive Officer of SouthCrest Financial Group, Inc (OTCBB:SCSG) announced today that D. Andrew Borrmann will join the company as a Senior Vice President of Finance. Mr. Borrmann, 41, will be responsible for the strategic financial direction of the company and joins the management team of the company under the leadership of Ken Maloy as CEO.
Borrmann has more than 15 years of financial analysis and strategy experience with the last ten years being directly involved with regional and community banks throughout the eastern United States. For the past two years, Andy has worked directly with Mr. Maloy in developing and executing a strategy to capitalize on the investment opportunities which exist in the community bank environment.
"Andy will play a vital role in executing the plan to leverage the company's strengths during the current banking environment," said Maloy. "His experience in community banking and capital markets, coupled with this his ability to apply quantitative methods to real world problems, will strengthen the strategic decision-making processes of the senior management team and Board of Directors."
SouthCrest Financial Group, Inc. is a $600 million asset bank holding company headquartered in Peachtree City, Georgia. The company operates a 14-branch network throughout Georgia and Alabama under the names SouthCrest Bank, Bank of Upson, Meriwether Bank & Trust, The First National Bank of Polk County, Peachtree Bank and Bank of Chickamauga. The banks provide retail and commercial banking services, mortgage banking, investment management, and online banking services.