United Security Bancshares, Inc. (NASDAQ: USBI) today announced that United Security and its subsidiary bank, First United Security Bank, have approved the appointment of James F. House as President and Chief Executive Officer of United Security and First United Security Bank. He is expected to join United Security and First United Security Bank, and their respective Boards of Directors, within the next few weeks.
Commenting on the appointment, Hardie B. Kimbrough, Chairperson of the Board of United Security Bancshares, Inc. and First United Security Bank, said, “With Jim’s knowledge and experience, the Board feels that he has the qualities and capabilities to provide leadership for our organization in this challenging economic environment, which should not only enhance shareholder value, but also allow us to continue quality service to our customers.”
“Mr. House has a strong background in commercial lending and retail banking. He has a solid history of building organizations with a clear vision, mission and strategy to build long-term enterprise value. He also has strong roots in Alabama, with significant experience in our key markets. We look forward to his leadership as United Security’s and First United Security Bank’s new President and CEO,” concluded Mr. Kimbrough.
Mr. House, age 59, most recently served as Division President of BankTrust for the past three years. Prior to that, he held executive and senior management positions with SouthTrust Bank, including Executive Vice President, General Bank Commercial; Chief Executive Officer, Urban West Region; Chief Executive Officer, North Alabama/Tennessee Region; Chief Executive Officer, Birmingham Market Bank; and Chairman and Chief Executive Officer, SouthTrust Bank of Dothan, N.A. Mr. House also has significant consulting experience with banks on management, investments and commercial and consumer lending.He holds a Masters in Business Administration from Samford University and a Bachelor of Science in Accounting from the University of Alabama. He is a past member of the Alabama Bankers Association and has served as instructor and lecturer at the Alabama Banking School, American Institute of Banking and University of Alabama in Huntsville. In addition, Mr. House has served on numerous charitable and civic boards in Alabama.
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