Fidelity Southern ( LION) said Chief Financial Officer M. Howard Griffith Jr. will retire May 31.

The Atlanta-based insurer and bank said Griffith will step down following his 64th birthday. Griffith said he and his wife plan to relocate to Virginia, where five of their six children live.

"Howard has been an essential part of the company for nearly 12 years and will remain as a consultant through year end 2006," CEO James Miller said.

On Tuesday, Fidelity Southern dropped 34 cents to $17.45.

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