FORT LAUDERDALE, Fla. (May 11, 2012) – Stonegate Bank (OTC:SGBK) has named Chris Stewart Senior Vice President, Commercial Team Leader in Tampa, today announced Wade Faircloth, Stonegate Bank Market President Hillsborough/Pinellas Counties.
In his new role, Stewart will be responsible for the bank’s loan and deposit growth as well fostering relationships with clients in the Tampa Bay area. Additionally, he will work closely with his team to generate new business accounts and cash management services for new and existing Stonegate Bank clients. Stewart, who has more than 24 years of banking experience, was previously a Commercial Team Leader with Florida Capital Bank, where he oversaw the bank’s commercial team.
As one of the most successful banks in Florida, Stonegate Bank has offices in Coral Gables, Fort Lauderdale, Boca Raton, Coral Springs, Jupiter, Naples, Fort Myers and Tampa. The Bank entered the Tampa market in June 2011 through the acquisition of First Commercial Bank of Tampa from the FDIC. The “Private Bank for Business”, which focuses on commercial and personal banking and wealth management, has made a successful mark on the commercial and private banking industry since opening its doors in March 2005.
Stonegate Bank was recently ranked by Financial Management Consulting Group as Florida’s Top Performing Bank, and has reported 25 straight quarters of profitability with Tier 1 Capital of 16.8 % as of March 31st.
“We are confident that Chris’ expertise will be invaluable to Stonegate Bank as we continue to grow our presence in the Tampa region,” said Faircloth. “Chris brings to us an impressive background and history in Tampa, and his approach to banking greatly complements our core values of providing highly-personalized service to clients.”
Stewart received his bachelor’s degree from the University of Florida and enjoys playing an active role in the community.
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About Stonegate Bank
Stonegate Bank has offices in Coral Gables, Fort Lauderdale, Boca Raton, Coral Springs, Jupiter, Naples, Fort Myers and Tampa. The “Private Bank for Business”, which focuses on commercial and personal banking, and wealth management, has made a successful mark on the commercial and private banking industry since opening its doors in March 2005. The Bank has reported 25 straight quarters of profitability with Tier 1 Capital of 16.8% as of March 31, 2012. For more information about Stonegate Bank, visit http://www.stonegatebank.com.
The Bank cautions that certain statements contained in this press release are “forward-looking statements” as defined under the Private Securities Litigation Reform Act of 1995, which statements are made pursuant to the “safe harbor” provisions of such Act. These forward-looking statements describe future plans or strategies and may include the Bank’s expectations of future financial results. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” and similar expressions identify forward-looking statements. The Bank’s ability to predict results or the effect of future plans or strategies or qualitative or quantitative changes is inherently uncertain. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, changes in general market interest rates, changes in general economic conditions and those specific to the Bank’s market area, legislative/regulatory changes, monetary and fiscal policies of the U.S. Treasury and the Federal Reserve, changes in the quality or composition of the Bank’s loan portfolios, demand for loan products, changes in deposit flows, real estate values, and competition and other economic, competitive, governmental, regulatory and technological factors affecting the Bank’s operations, pricing, products and services. The Bank makes periodic filings to the Federal Deposit Insurance Corporation which contain various Bank financial information, copies of which are available from the Bank without charge. The Bank disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any forward-looking statements contained in this release to reflect future events or developments.