Southern States Bancshares Announces Retirement of COO Jack Swift
21 Marzo 2024 - 5:55AM
Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”
or the “Company”), the holding company for Southern States Bank, an
Alabama state-chartered commercial bank (the “Bank”), today
announced the retirement of Chief Operating Officer Jack Swift,
effective May 31, 2024.
Swift’s retirement culminates 18 years of service
at Southern States, during which he served five years as Senior
Executive Vice President and COO.
“On behalf of our Board of Directors and all of our
Southern States colleagues, I congratulate Jack on the culmination
of his 40-year banking career,” said Mark Chambers, Chief Executive
Officer and President. "He has long been a trusted partner and
invaluable member of our leadership team. We wish him all the best
in his retirement."
Swift joined Southern States at its founding and
helped grow it into a preeminent community banking institution in
Alabama and Georgia. In all, his banking career spanned more than
40 years.
“It has been a tremendous pleasure to help build
Southern States into the leading banking institution it is today,”
Swift said. “I’m proud of all that our team has accomplished on
behalf of our stockholders and customers, and I’m very confident in
Southern States’ leadership and its strong foundation for continued
prudent growth and strong results.”
Swift has served as Senior Executive Vice President
and COO since 2019. From 2006 until 2019, he was Senior Executive
Vice President and President, Central Region of Southern States.
Prior to joining Southern States, he served as Senior Vice
President of Colonial Bank from 1996 until 2006, and as Vice
President of SouthTrust Bank from 1992 until 1996.
Swift’s responsibilities will be absorbed by Lynn
Joyce, Chief Financial Officer, and Greg Smith, Chief Risk
Officer.
About Southern States Bancshares,
Inc.Headquartered in Anniston, Alabama, Southern States
Bancshares, Inc. is a bank holding company that operates primarily
through its wholly-owned subsidiary, Southern States Bank. The Bank
is a full service community banking institution, which offers an
array of deposit, loan and other banking-related products and
services to businesses and individuals in its communities. The Bank
operates 13 branches in Alabama and Georgia and two loan production
offices in Atlanta.
Forward-Looking StatementsThis
press release contains forward-looking statements within the
meaning of the federal securities laws, which reflect our current
expectations and beliefs with respect to, among other things,
future events and our financial performance. These forward-looking
statements are not historical facts, and are based on current
expectations, estimates and projections about our industry,
management's beliefs and certain assumptions made by management,
many of which, by their nature, are inherently uncertain and beyond
our control. This may be especially true given recent events and
trends in the banking industry and the inflationary environment.
Although we believe that the expectations reflected in such
forward-looking statements are reasonable as of the dates made, we
cannot give any assurance that such expectations will prove correct
and actual results may prove to be materially different from the
results expressed or implied by the forward-looking statements.
Important factors that could cause actual results to differ
materially from those in the forward-looking statements are set
forth in the Company's Annual Report on Form 10-K for the year
ended December 31, 2023 and other reports filed with the Securities
and Exchange Commission under the section entitled "Cautionary Note
Regarding Forward-Looking Statements" and "Risk Factors".
Accordingly, we caution you that any such forward-looking
statements are not guarantees of future performance and are subject
to risks, assumptions and uncertainties that are difficult to
predict.
These statements are often, but not always, made
through the use of words or phrases such as "may," "can," "should,"
"could," "to be," "predict," "potential," "believe," "will likely
result," "expect," "continue," "will," "likely," "anticipate,"
"seek," "estimate," "intend," "plan," "target," "project," "would"
and "outlook," or the negative version of those words or other
similar words or phrases of a future or forward-looking nature.
Forward-looking statements appear in a number of places in this
press release and may include statements about business strategy
and prospects for growth and operations.
Contact Information: Lynn
Joyce(205) 820-8065ljoyce@ssbank.bank
Kevin Dobbs(310)
622-8245ssbankir@finprofiles.com
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