Dr. Strickland has also worked extensively in Europe, the Middle East, Central America, Southeast Asia, Australia, and Africa. He has worked in Southern Africa for the last twenty-five years and has also developed a management simulation of corporate decision making for France, which enables management to test various strategic alternatives.Other accomplishments include serving as a director of marketing, where he was responsible for a $1 billion portfolio with $300 million in profits, participating in two companies being listed on the New York Stock Exchange, and being a founding member and independent director of American Equity Life Insurance Company. In a survey of all graduating seniors at the University of Alabama, he was recognized and named the most influential professor there. Other awards include the Outstanding Professor Award for the Graduate School of Business, a multiple time winner of the EMBA Best Professor Award, and recipient of the Outstanding Commitment to Teaching Award for the University of Alabama, an award in which he takes particular pride. He is a member of various honor leadership societies, including Mortar Board, Order of Omega, Beta Gamma Sigma, Omicron Delta Kappa, Jasons, and XXXI. He is past National President of Pi Kappa Phi social fraternity. “Having known Lonnie for a number of years, I feel very fortunate to have him join our Company and Bank,” said James F. House, President and Chief Executive Officer of the Company and the Bank. “I am confident of his leadership ability and believe that he is well qualified for this position. I welcome him as a member of our Boards and look forward to his association and insight as we continue to focus on improvement and growth of the Bank’s assets as part of our strategy to increase earnings and move the Bank forward.” “I am looking forward to being a part of United Security Bancshares and First United Security Bank because I am very impressed with the leadership of the Company and the Bank,” said Dr. Strickland. “In addition, I see tremendous competitive advantages and an upside potential for the future.”
Established in 1952, First United Security Bank serves its customers through its 19 offices in Brent, Butler, Calera, Centreville, Coffeeville, Columbiana, Fulton, Gilbertown, Grove Hill, Harpersville, Jackson, McCalla, Thomasville, Tuscaloosa, and Woodstock. The Bank holds more than $550 million in assets, is a member of the Federal Deposit Insurance Corporation, and is an Equal Housing Lender. For more information, contact us at the Bank’s website, www.firstusbank.com, blog address, http://firstusbank-usbi.blogspot.com, or by mail to First United Security Bank, P.O. Box 249, Thomasville, AL 36784.Forward-Looking Statements This press release contains forward-looking statements, as defined by federal securities laws. Statements contained in this press release that are not historical facts are forward-looking statements. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. USBI undertakes no obligation to update these statements following the date of this press release, except as required by law. In addition, USBI, through its senior management, may make from time to time forward-looking public statements concerning the matters described herein. Such forward-looking statements are necessarily estimates reflecting the best judgment of USBI’s senior management based upon current information and involve a number of risks and uncertainties. Certain factors that could affect the accuracy of such forward-looking statements are identified in the public filings made by USBI with the Securities and Exchange Commission, and forward-looking statements contained in this press release or in other public statements of USBI or its senior management should be considered in light of those factors. Specifically, with respect to statements regarding the future growth and competitive position of USBI, these factors include, but are not limited to, general economic, market and other conditions. There can be no assurance that such factors or other factors will not affect the accuracy of such forward-looking statements.