First Security Group, Inc. (NASDAQ: FSGI) announced today that Robert P. “Bob” Keller had been appointed to First Security’s Board of Directors and Joseph E. “Joe” Dell had been appointed Executive Vice President and Chief Lending Officer.
Keller is a Managing Director of Triumph Investment Managers, LLC. First Security and Triumph have partnered to explore avenues for the creation and restoration of shareholder value. Triumph is also working with First Security to refine and further develop a comprehensive business plan centered on relationship banking, with the goal of creating a profitable, diversified and core-funded community banking franchise.
Keller serves in leadership board positions with two financial institutions. He is the Chairman of Security Business Bancorp, a community bank based in San Diego, California, and Chairman of First State Bank, a community bank based in Cranford, New Jersey. Keller also serves as a Director and Chairman of the Audit Committee for Pennichuck Corp, a publicly traded water utility holding company in Nashua, New Hampshire. Prior to co-founding Triumph, Keller served as the President and Chief Executive Officer of three financial institutions, all of which were in excess of $1 billion in assets prior to their sale.
“We are continuing to develop a close working relationship with Triumph,” said Ralph E. “Gene” Coffman, Jr., President and Chief Operating Officer of First Security. “Bob’s addition enhances the leadership and banking experience on our Board of Directors as we re-engineer and refine our strategic direction.”
With three decades of experience in community banking, Dell has a strong background in commercial, small business and consumer lending and has held a number of leadership roles.
“We are extremely pleased to have Joe join our executive management team here at First Security; his management experience and expertise in lending and credit administration will be a tremendous asset to our bank,” said Coffman. “He strengthens our commitment to support the communities we serve in east Tennessee and north Georgia.”