Colony Bank Names Derek Shelnutt Chief Financial Officer
29 Junio 2023 - 3:45PM
Business Wire
Colony Bank announced today that Derek Shelnutt has been named
Executive Vice President and Chief Financial Officer of the Bank,
effective July 1, 2023. Shelnutt previously served as Senior Vice
President, Chief Accounting Officer, and Acting Chief Financial
Officer of the Bank since January 2023. Shelnutt will continue to
serve as Senior Vice President and Chief Accounting Officer of
Colony Bankcorp., Inc. and Heath Fountain, Chief Executive Officer,
will continue to serve as Acting Chief Financial Officer of Colony
Bankcorp., Inc.
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Colony Bank Names Derek Shelnutt Chief
Financial Officer (Photo: Business Wire)
Shelnutt joined Colony in September 2020 and has served in roles
of increasing responsibility including Treasurer, Controller, and
Treasury Manager. With over 9 years of experience in the financial
services industry, he has also held the positions of Auditor,
Treasury Accountant, and Sarbanes-Oxley Compliance Manager.
Commenting on the announcement, Heath Fountain, Chief Executive
Officer, said, “We’re proud to promote Derek to Chief Financial
Officer for Colony Bank, a role that he performed exceptionally
well on an interim basis. Derek’s deep financial knowledge paired
with his strong leadership abilities and strategic mindset made him
a natural choice to assume this role. His promotion is a testament
to the value he brings to our team and we look forward to his
continued contributions.”
Shelnutt holds a Master of Professional Accounting and Bachelor
of Business Administration in Accounting from the University of
West Georgia. He is a Certified Public Accountant in both Georgia
and South Carolina and is a member of the American Institute of
Certified Public Accountants.
About Colony Bank
Founded in 1975 and headquartered in Fitzgerald, Georgia, Colony
Bank operates 37 locations throughout Georgia and is now serving
Alabama. At Colony, we offer a range of banking solutions for
personal and business customers. In addition to traditional banking
services, Colony provides specialized solutions including mortgage,
government guaranteed lending, consumer insurance, wealth
management, and merchant services. Colony Bank is a wholly-owned
subsidiary of Colony Bankcorp., Inc. Our common stock is traded on
the NASDAQ Global Market under the symbol “CBAN.” For more
information, please visit www.colony.bank. You can also follow the
Company on social media.
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T. Heath Fountain Chief Executive Officer (229) 426-6000 (Ext
6012)
Colony Bankcorp (NASDAQ:CBAN)
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