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First Security Group Completes Transformation Of Executive Management Team

“It is an honor to serve FSG in this newly created role,” said CAO Cobb. “We have a number of key operational initiatives for 2012 and I look forward to working with our team to successfully implement them. On an ongoing basis, we will ensure our operational personnel understand how important their role is and how they contribute to the success of FSG by providing the support for our front-line personnel.”

John Haddock, Secretary, EVP and Chief Financial Officer

Mr. Haddock was appointed as Secretary, EVP and CFO of First Security Group and FSGBank in February of 2011, replacing William L. “Chip” Lusk, Jr. Mr. Lusk resigned to accept a position with an out-of-market financial institution.

Mr. Haddock previously served FSGBank as Principal Accounting Officer, Corporate Controller and has nine years of experience in accounting and finance. Mr. Haddock is a certified public accountant and holds a Master of Accountancy degree and a Bachelor’s degree in Business Administration, both from the University of Tennessee. Prior to joining FSG in 2005, Mr. Haddock worked for Hazlett, Lewis & Bieter, PLLC, a Chattanooga, TN based accounting firm specializing in serving financial institutions, after beginning his career with PricewaterhouseCoopers in Atlanta, GA.

“We are in solid hands with John as our CFO,” said CEO Mike Kramer. “John has a keen ability to understand an issue and develop an appropriate solution. He and I work closely on a daily basis and I am confident in his ability to manage our balance sheet as well as to provide guidance on many other projects.”

“We have three primary constituents: our customers, our shareholders and our employees. For each decision that we make, we must evaluate the potential benefit and possible impact that decision may have on each of these groups,” said CFO Haddock. “It is a privilege to serve FSG as its CFO. With the team we have assembled, we are confident in our ability to execute our strategy.”

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