SOUTHERN FIRST ANNOUNCES THREE NEW APPOINTMENTS TO BOARD OF DIRECTORS

Rhea-AI Summary

Southern First Bancshares (NASDAQ: SFST) has appointed three new directors to its Board effective June 1, 2025: Jennie Cluverius, a labor law specialist and Shareholder at Maynard Nexsen; Darrin Goss, President and CEO of Coastal Community Foundation; and Billy McClatchey, CEO of Chaucer Creek Capital. The appointments strengthen the board with diverse expertise in legal, community development, and real estate sectors. Southern First Bank, the company's subsidiary, is the second-largest bank headquartered in South Carolina with consolidated assets of approximately $4.1 billion, operating across 13 locations in South Carolina, North Carolina, and Georgia markets.

Positive

• Addition of diverse expertise to the board with legal, community development, and real estate sector experience
• Strong local market presence as second-largest bank headquartered in South Carolina
• Substantial asset base of $4.1 billion and broad regional presence across three states

Negative

• None.

GREENVILLE, S.C., June 2, 2025 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ: SFST), holding company for Southern First Bank, is pleased to announce the appointment of three new board members. Jennie Cluverius, Darrin Goss, and Billy McClatchey joined the company and the bank as Directors, effective June 1, 2025.

Jennie Cluverius is an experienced trial lawyer who also provides daily advice and counsel to employers on employment, labor, and other business-related matters. She is a Shareholder with Maynard Nexsen, PC, previously Nexsen Pruet, LLC, serves on the firm's Board of Directors, and chairs its Labor & Employment Practice Group. Jennie is a South Carolina Supreme Court Certified Specialist in Labor and Employment Law. She is a Spartanburg, SC native who currently lives in Greenville, SC, and holds a bachelor's degree from Clemson University and J.D. from University of South Carolina School of Law.

Darrin Goss has served as President and CEO of the Coastal Community Foundation in Charleston, SC since 2016. His previous roles include President and CEO of Capital Area United Way in Baton Rouge, VP of Community Impact at United Way of Greenville County, Assistant Dean of Students and Director of Career Services at Wofford College, and Training and Development Consultant at Sunoco. He is a U.S. Army veteran and earned a bachelor's degree from Wofford College and a master's degree from North Greenville University.

Billy McClatchey is the CEO of Chaucer Creek Capital in Raleigh, NC and has focused on the Southeastern multifamily market during his real estate career. He previously founded, grew, and successfully exited McClatchey Broadcasting Company, which owned and operated radio stations across the Carolinas. He worked in mergers and acquisition groups for Bowles Hollowell Conner & Company and for Trident Financial Corporation helping financial institutions seeking an IPO raise capital. He completed his undergraduate degree at Duke University and MBA at University of North Carolina.

"We are incredibly excited to welcome Jennie, Darrin, and Billy to our Board of Directors," said Art Seaver, Chief Executive Officer. "All three of these individuals are talented leaders with strong community ties, and we are privileged to have their guidance as we continue to grow our bank and impact lives in our outstanding markets."

About Southern First Bancshares
Southern First Bancshares, Inc., Greenville, South Carolina is a registered bank holding company incorporated under the laws of South Carolina. The company's wholly owned subsidiary, Southern First Bank, is the second largest bank headquartered in South Carolina. Southern First Bank has been providing financial services since 1999 and now operates in 13 locations in the Greenville, Columbia, and Charleston markets of South Carolina as well as the Charlotte, Triangle and Triad regions of North Carolina and Atlanta, Georgia. Southern First Bancshares has consolidated assets of approximately $4.1 billion and its common stock is traded on The NASDAQ Global Market under the symbol "SFST." More information can be found at www.southernfirst.com.

Media contact: Art Seaver, aseaver@southernfirst.com 

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SOURCE Southern First Bancshares, Inc.

FAQ

Who are the new board members appointed to Southern First Bancshares (SFST)?

The three new board members appointed effective June 1, 2025, are Jennie Cluverius (labor law specialist at Maynard Nexsen), Darrin Goss (CEO of Coastal Community Foundation), and Billy McClatchey (CEO of Chaucer Creek Capital).

What is Southern First Bancshares' (SFST) current asset size?

Southern First Bancshares has consolidated assets of approximately $4.1 billion.

How many locations does Southern First Bank (SFST) operate?

Southern First Bank operates in 13 locations across markets in South Carolina (Greenville, Columbia, Charleston), North Carolina (Charlotte, Triangle, Triad regions), and Atlanta, Georgia.

What is Southern First Bank's (SFST) market position in South Carolina?

Southern First Bank is the second largest bank headquartered in South Carolina.