Carolina National Bank and Trust Company Names Jack McElveen Jr. Executive Vice President and Chief Operating Officer
February 14 2007 - 11:00AM
PR Newswire (US)
COLUMBIA, S.C., Feb. 14 /PRNewswire-FirstCall/ -- Carolina National
Bank today announced the naming of Jack McElveen Jr. to the newly
created position of Executive Vice President and Chief Operating
Officer. McElveen has served as Chief Credit Officer for the bank
since it opened in 2002. "This action strengthens our
infrastructure to position the bank to support superior customer
service and continued growth as well as enhance shareholder value,"
said Roger B. Whaley, President and Chief Executive Officer.
McElveen has been in banking for more than two decades. He has
worked with the former Bankers Trust and First Union in credit and
community lending, and was Mid-Atlantic Sales Manager for First
Union before joining Carolina National. He is a graduate of Clemson
University with a bachelor's degree in financial management and has
passed the CPA exam. McElveen will have overall responsibility for
all aspects of the commercial and retail departments as well as
credit policy. He will be setting sales production goals, helping
develop marketing strategies, and will be responsible for the
growth and mix of loans and deposits, and customer satisfaction. He
will also be involved in the development of the bank's long- range
strategic plan, Whaley said. Whaley said McElveen's promotion will
provide a healthy boost to Carolina National's ongoing commitment
to premier customer service, customer products, and overall
customer satisfaction. "We have solid planning behind this move,"
he said. "The change strengthens our organization and allows us to
continue to concentrate on being responsive to our customers'
needs." Carolina National, which opened for business in July, 2002,
nearly tripled its earnings from 2005 to 2006. At year-end, the
bank reported $208.9 million in assets, with earnings of $1.9
million, an increase of 198 percent over 2005's earnings of $647
million. Carolina National's employees have over 300 years of
banking experience among them, and Whaley said the reorganization
will provide more resources and support for staff. "This allows us
to continue to concentrate on the safe and fast growth of our
organization," he said. The bank has 45 fulltime employees in the
greater Columbia, SC area and opened its fourth full service branch
in October 2006 on Garners Ferry Road. Carolina National Bank plans
to expand into Lexington County during 2007. Additional information
about Carolina National Bank is available on our website at
http://www.carolinanationalbank.com/. Carolina National Bank and
Trust Company is a wholly-owned subsidiary of Carolina National
Corporation (NASDAQ:CNCP). DATASOURCE: Carolina National Bank and
Trust Company CONTACT: Roger B. Whaley, President & CEO of
Carolina National Bank and Trust Company, +1-803-779-0411 Web site:
http://www.carolinanationalbank.com/
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