Security Bank (SBKC) Names Tony E. Collins as President/CEO; Increases Number of Authorized Shares
Security Bank Corporation (Nasdaq: SBKC) announced that at a Special Shareholders' Meeting, with approximately 93% of outstanding shares represented, 74.5% of shareholders voted to approve the first proposal to authorize the issuance of 2 million shares of preferred stock and 89.3% of shareholders voted to approve the second proposal to increase the number of authorized shares of voting common stock from 50 million to 80 million.
Security Bank Corporation also announced today that Tony E. Collins has been named President and CEO and has been appointed to the Board of Directors. Mr. Collins assumed the functions of President and CEO on an interim basis in September 2008 and he has over 30 years of banking industry experience, including 3 years most recently with Security Bank Corporation as Executive Vice President and Regional Executive - Atlanta.
Based in Macon, Georgia, Security Bank Corporation is a multi-bank holding company with assets of $2.9 billion at September 30, 2008. Security Bank Corporation operates six community banks with offices located throughout middle Georgia, coastal Georgia and north metropolitan Atlanta. [SM]
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