WINSTON-SALEM, N.C.,
July 26, 2012 /PRNewswire/ -- On
July 25, 2012, the Board of Directors
of Southern Community Financial Corporation appointed, subject to
regulatory approval, James Hastings
as interim President and Chief Executive Officer of the
Corporation. Mr. Hastings, age 60, has served as the
Corporation's Chief Financial Officer since 2008. Also on
July 25, 2012, the Board gave notice
to F. Scott Bauer, President and
Chief Executive Officer and Jeffrey T.
Clark, First Executive Vice President, that their employment
with the Corporation has been terminated effective September 22, 2012.
Dr. William Ward, Sr., Chairman
of the Board, said: "The Board thanks Scott and Jeff for their
years of service to Southern Community and wishes them well in
whatever path their future takes."
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About SCMF
Southern Community Financial Corporation is headquartered in
Winston Salem, North Carolina and
is the holding company of Southern Community Bank and Trust, a
community bank with twenty-two banking offices throughout
North Carolina.
Southern Community Financial Corporation's common stock and
trust preferred securities are listed on the NASDAQ Global Select
Market under the trading symbols SCMF and SCMFO, respectively.
Additional information about Southern Community is available on our
website at www.smallenoughtocare.com or by email at
investor.relations@smallenoughtocare.com.
SOURCE Southern Community Financial Corporation