PARK STERLING CORP Charlotte, N.C., January 4, 2016 - Park Sterling Corporation, the holding company for Park Sterling Bank (NASDAQ: PSTB) announced today its local leadership team for the Richmond market. First Capital Bank was merged with and into Park Sterling Bank on January 1.
Gary L. Armstrong will serve as the Richmond Regional President. In this role, he will have direct responsibility for the bank's commercial business in Richmond, along with indirect responsibility for Business Banking, Retail, and Mortgage activity in the market. Gary previously was Executive Vice President and Commercial Banking Group Leader at First Capital Bank.
Bryan Kennedy, President of Park Sterling Bank, commented, "We are thrilled to add Gary's expertise and local market experience to our expanded team. We believe this organization structure has us exceptionally well positioned to 'hit the ground running' at the merger closing, and will allow us to deliver "Answers You Can Bank On" in the Richmond market."
Reporting to Gary Armstrong in the Richmond area are the following:
Rob Leitch, Senior Vice President and Commercial Banking Team Leader, will lead a team of commercial bankers. Rob has been at Park Sterling since January of 2014.
Bobby Cowgill, Senior Vice President and Commercial Banking Team Leader, will head up a team of commercial bankers as well as lead the commercial real estate and builder finance groups, Bobby has also been at Park Sterling since January of 2014.
Bob Watts, former President and CEO of First Capital Bank, will be responsible for developing business for all areas of the bank in Central Virginia.
"I am delighted with the quality and experience of our leadership team in Virginia, commented Jim Cherry, Park Sterling's Chief Executive Officer. "The greater Richmond market is strategically important to our continued growth and success, and it is gratifying to know that we have some of Richmond's best bankers working with our customers and prospects. Like many of Park Sterling's board members and executive management team, these market leaders have deep roots in Virginia. Their local market knowledge and decision-making is a key component of their ability to provide clients with customized solutions that will help them achieve their financial aspirations."
Park Sterling Corporation, the holding company for Park Sterling Bank, is headquartered in Charlotte, North Carolina. Park Sterling, a regional community-focused financial services company with approximately $3.1 billion in assets, is the largest community bank headquartered in the Charlotte area and has 57 banking offices in the Carolinas, Virginia and North Georgia. The bank serves professionals, individuals, and small and mid-sized businesses by offering a full array of financial services, including deposit, mortgage banking, cash management, consumer and business finance, capital markets and wealth management services with a commitment to "Answers You Can Bank On®." Park Sterling prides itself on being large enough to help customers achieve their financial aspirations, yet small enough to
care that they do. Park Sterling is focused on building a banking franchise that is noted for sound risk management, strong community focus and exceptional customer service. For more information, visit www.parksterlingbank.com. Park Sterling Corporation shares are traded on NASDAQ under the symbol PSTB.
Contact:
Bryan Kennedy President
Park Sterling Bank 704-323-4245
Bryan.Kennedy@ParkSterlingBank.com
Park Sterling Corporation issued this content on 01 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 April 2016 20:09:15 UTC
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