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Southwest Georgia Financial Restructures Bank Management To Further Advance Growth Initiatives

Stocks in this article: SGB

Southwest Georgia Financial Corporation (NYSE Amex: SGB), a full service community bank holding company, today announced plans to restructure lines of responsibility in its subsidiary, Southwest Georgia Bank, in order to facilitate the continued expansion of its footprint and the growth of the Company. The Company also announced the retirement of C. Wallace Sansbury, Executive Vice President, and the promotion of R. L. “Andy” Webb, Jr. to Executive Vice President of Southwest Georgia Bank and appointment to Chief Credit Officer of the Bank.

Mr. DeWitt Drew, President and CEO of Southwest Georgia Financial, commented, “Southwest Georgia Bank now operates in three very distinct and diverse markets, and we continue to increase the range and depth of our products, processes and risks. Our continued growth necessitates a restructuring of responsibilities that will allow us to more effectively serve customers across diverse markets, allow better systems for risk management, and facilitate more efficient lines of communication. Appointing a President for each market we serve signifies the importance of each market to our organization and provides for direct accountability for the quality of service we provide.”

The positions created in restructuring the Company’s subsidiary, Southwest Georgia Bank, are Chief Operating Officer, Chief Banking Officer, Chief Credit Officer, and Region President. John J. Cole, Jr., Executive Vice President and Cashier, has been appointed Chief Operating Officer. Jeffery E. Hanson, Executive Vice President, has been appointed Chief Banking Officer. Senior Vice Presidents Danny E. Singley, Jeffrey Judson Moritz, and David L. Shiver have been appointed President Moultrie Region, President Valdosta Region, and President Sylvester Region, respectively.

R. L. “Andy” Webb, Jr., has been promoted to Executive Vice President of Southwest Georgia Bank and appointed Chief Credit Officer of the Bank. He has been employed with the Bank since 1975, and most recently served as Senior Vice President and head of the Moultrie Banking Division.

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