With the appointment of three new executive vice presidents, First Security Group, Inc. (NASDAQ: FSGI) has completed the restructuring of its executive management team. These new appointments include the Chief Credit Officer, Retail Banking Officer and Director of FSGBank’s Wealth Management and Trust department. The new executives follow the appointment of Michael Kramer as CEO in late December 2011.
“We are privileged to bring such a talented group of executives to FSGBank. We now have the full team that can execute our strategy to transform FSGBank into the bank of choice in middle and east Tennessee as well as north Georgia,” said CEO and President Michael Kramer. “With these additions to our existing team, we can turn our full attention to the opportunity of creating a successful, profitable community bank.”
On February 9, 2012, FSGBank appointed Chris Tietz as EVP and Chief Credit Officer; Martin Schrodt as EVP and Retail Banking Officer; and Bart Rolen as EVP and Director of Wealth Management and Trust.
“The Board charged Mike with assessing the existing management talent and making the necessary recommendations,” said lead Director Carol Jackson. “We believe Mike has assembled a great mix of existing and new talent to truly create the gold standard in management teams.”The following highlights each member: Michael Kramer, Chief Executive Officer and President Mr. Kramer joined FSG in December 2011 as CEO, President and Director; succeeding Rodger Holley, who resigned as CEO in April 2011. Mr. Kramer most recently was managing director of Ridley Capital Group, a private equity/merchant banking firm focused on financial service companies. He has more than 20 years of executive leadership in commercial and retail banking, correspondent banking, credit and risk management, treasury management services, banking operations/technology and market management. For the past decade, Mr. Kramer has focused on operational and credit turnarounds in super-community and community banks, and has worked extensively with regulatory agencies including the Federal Reserve Bank and Office of the Comptroller of the Currency.