Market Overview

Michael Kramer Named CEO and Director of First Security Group

Financial services veteran Michael Kramer has been named chief executive officer and director of First Security Group, Inc. (NASDAQ: FSGI). As previously announced on December 6, 2011, Mr. Kramer was appointed as chief executive officer of FSGBank, N.A., the wholly-owned community-bank subsidiary of First Security. FSGBank is a $1.1 billion bank based in Chattanooga, Tennessee with 31 full-service offices in eastern and middle Tennessee and northern Georgia.

“Certainly 2011 has been a year of change and transition for FSG,” said First Security Group Lead Director Carol H. Jackson. “With this appointment, Mike can now lead the company in all aspects. As a shareholder of FSG, I consider today an exciting day as we can focus our complete attention on creating a successful, profitable community bank.”

Mr. Kramer most recently was managing director of Ridley Capital Group, a private equity/merchant banking firm focused on financial service companies. He has more than 20 years of executive leadership in commercial and retail banking, correspondent banking, credit and risk management, treasury management services, banking operations/technology and market management.

Posted-In: News Management

 

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