Seacoast Bank Announces James Stallings as Chief Credit Officer
Seacoast Banking Corporation of Florida (NASDAQ: SBCF) has appointed James Stallings as executive vice president and chief credit officer, succeeding Richard Raiford.
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Rhea-AI Summary
Seacoast Banking Corporation of Florida (NASDAQ: SBCF) has appointed James Stallings as executive vice president and chief credit officer, succeeding Richard Raiford. Stallings brings nearly 25 years of experience in banking and credit risk, notably enhancing BB&T's growth during his tenure. Chuck Shaffer, CEO, emphasized Stallings’ expertise in credit risk administration, which aligns with the company’s goal for disciplined growth. As of December 31, 2021, Seacoast Banking had approximately $9.7 billion in assets and $8.1 billion in deposits and operates over 50 branches in Florida.
Positive
- Appointment of James Stallings as executive vice president and chief credit officer strengthens leadership.
- Stallings has nearly 25 years of experience in banking and credit risk, enhancing the company's growth potential.
Negative
- None.
Details
News Market Reaction – SBCF
The recorded move for SBCF in the trading session of this news was -5.59%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
STUART, Fla., Feb. 28, 2022 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ: SBCF), one of the largest community banks in Florida, today announced that it has hired James Stallings, a banking and credit risk leader with nearly 25 years of experience, as executive vice president and chief credit officer. Stallings succeeds Richard Raiford, who recently retired.
"Our strategic vision, culture, and focus on disciplined growth continues to attract high-quality financial services leadership,” said Chuck Shaffer, chairman and chief executive officer of Seacoast Bank. “James brings an extensive and diverse background in credit risk administration, helping BB&T grow from a community bank when he joined to a very successful regional bank prior to its merger with SunTrust. I am excited to welcome James as he helps position the company for sustainable growth while maintaining our commitment to disciplined underwriting standards.”
Stallings’ impressive career began in 1998 as a management associate and credit analyst at BB&T. Over a two-decade career with the company, he progressed to serve as a senior credit executive overseeing a large team of credit officers and a
About Seacoast Banking Corporation of Florida (NASDAQ: SBCF)
Seacoast Banking Corporation of Florida (NASDAQ: SBCF) is one of the largest community banks headquartered in Florida with approximately
CONTACT:
Taylore Maxey
Taylore@sachsmedia.com
(850) 212-5034
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