Financial services veteran Michael Kramer has been named chief executive officer of FSGBank, N.A., a $1.1 billion bank headquartered in Chattanooga, Tennessee with 31 full-service offices in eastern and middle Tennessee and northern Georgia. FSGBank is the community bank subsidiary of First Security Group, Inc. (NASDAQ: FSGI). “Mike has the relevant experience, dynamic leadership style, and financial acumen to help this organization prosper and grow,” said First Security Group and FSGBank Lead Director Carol H. Jackson. “We are delighted to welcome him aboard after an extensive national CEO search.” 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 he 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. Mr. Kramer succeeds Roger Holley, who resigned as CEO in April 2011. Mr. Kramer will also serve as a director of FSGBank, subject to regulatory non-objection. “I am very excited about the future of FSGBank,” Mr. Kramer said. “This is a company with a solid foundation, great possibilities and excellent markets; all of the ingredients critical to building a successful, profitable community bank. We will dedicate every resource to continuous improvement of the bank: serving business and individual customers with the professional service they deserve, while being efficient and productive. Equally important, we expect FSGBank and its officers to be woven into the fabric of our communities by supporting and serving with some of the great non-profits that exist in our markets.” Prior to his tenure with Ridley Capital, Mr. Kramer was president and CEO of Ohio Legacy Corporation, a bank holding company based in Wooster, Ohio. During his five-year tenure, he led a Board and management reorganization, executing a successful credit turnaround strategy and balance sheet transformation. As a result of the reorganization, the company was recapitalized by Excel Bancorp.