ATLANTA, Feb. 23, 2011 /PRNewswire/ -- State Bank & Trust, a wholly owned subsidiary of State Bank Financial Corporation, today announced that it has added veteran banking executives Rayburn J. Fisher, Jr., Michael R. Fitzgerald, and Linda S. Ruddick to its leadership team.
"State Bank is committed to attracting the very best leadership talent to help us continue to grow in the future," said State Bank Chairman and CEO Joe Evans. "Ray, Mike and Linda are all proven banking executives with outstanding track records. We are honored to have them as part of our team." Fisher and Ruddick report to State Bank President and Chief Credit Officer Kim Childers, while Fitzgerald reports to Vice Chairman Dan Speight.
-- Ray Fisher has been named Executive Vice President and Director of the Special Assets Division, which is charged with the servicing and resolution of underperforming assets that resulted from State Bank's FDIC-assisted acquisitions. Since 2009, State Bank has acquired assets of 10 failed banks from the FDIC. Fisher replaces Stephen Wood, who ran the Special Assets Division since its formation in July 2009. Fisher is based in Atlanta.
Fisher has been a leader in the Georgia banking community for four decades, including past chairman of Georgia Bankers Association. He was president and co-founder of Metro Bank, one of Atlanta's most successful community banks in the 1980s and 1990s, which was acquired by Regions Bank in 1996. After the acquisition, Fisher was named Regions' Atlanta Group President until his retirement from the bank in 2006. For the past two years, Fisher served as President and CEO of Darby Bank & Trust in Savannah, Georgia.
-- Michael Fitzgerald has been named Executive Vice President and Senior Deposit Officer, a newly created position designed to oversee all of State Bank's deposit products, services and pricing. He is based in Atlanta.
Fitzgerald has 30 years of banking and management experience. He was president, Chief Operating Officer and board member of NetBank from 2000 to 2002, until NetBank's change of control to RBMG in 2002. Prior to that, Fitzgerald spent seven years as Senior Vice President of Marketing and Implementation for Salem Five Bank in Salem, Mass. For the past 8 years, Fitzgerald ran Fitzgerald MSI, an executive search and change management consulting firm.
-- Linda Ruddick has been named Executive Vice President and Director of Credit Administration, based in Macon. With more than two decades of banking experience, Ruddick most recently was manager of Commercial Policy and Procedure for RBC Bank since 2006. Ruddick was Senior Vice President of Credit Administration with Flag Bank in Atlanta from 2004 until 2006. From 1996 to 2004, Ruddick was Vice President and Senior Commercial Loan Officer for Colonial Bank in Atlanta.
"Adding the very best bank leadership talent is a critical component of State Bank's future success. Ray, Michael and Linda are representative of that excellent talent, and we are excited to have them on board," Evans said.
About State Bank Financial Corporation and State & Trust Company
State Bank Financial Corporation is the holding company for State Bank & Trust Company, one of Georgia's best-capitalized banks, with $2.83 billion in assets as of December 31, 2010. State Bank has locations in Metro Atlanta and Bibb, Houston, Dooly, and Jones counties in Middle Georgia.
In 2009, State Bank acquired assets and deposits of the six bank subsidiaries of Security Bank Corporation, The Buckhead Community Bank and First Security National Bank in transactions facilitated by the Federal Deposit Insurance Corporation. In 2010, State Bank acquired assets and deposits of NorthWest Bank & Trust of Acworth, Georgia. And in 2011, it acquired assets and deposits of United Americas Bank of Atlanta.
State Bank raised $300 million in capital, including investments from the executive management team, to facilitate its acquisitions.
Over the past twenty-five years, State Bank Chairman and CEO Joe Evans and his management team have led some of Georgia's most successful community banks, including Flag Financial Corp., Century South Banks, and Bank Corporation of Georgia. State Bank's headquarters are in Macon, Georgia.
To learn more about State Bank, visit www.statebt.com.
STATE BANK & TRUST COMPANY
SOURCE State Bank Financial Corporation