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BANK NAMES NEW PRESIDENT/COO
(Marietta, GA) – On Wednesday, August 17, 2011, the Board of Directors of First Landmark Bank elected Terrence Y. DeWitt to the position of President and Chief Operating Officer and a member of the Board of Directors and, simultaneously, elected Ronald H. Francis to the position of Vice Chairman of the Board and continuing as Chief Executive Officer.
Local attorney John H. Moore, who serves as the bank’s Chairman of the Board, stated, “In planning First Landmark Bank, Ron Francis and I discussed the timeline for when he would devote his time to the Bank’s strategic direction and business development and less time to the day-to-day operations. Effective September 1, 2011, Terry DeWitt, who has served as Executive Vice President and Chief Financial Officer of First Landmark Bank since its 2008 inception, will assume the responsibilities of President and COO.”
Chairman Moore continued, “We are fortunate to already have within the Bank someone who can seamlessly step into the position of President. Terry has played a key role in the Bank’s success to this point, and the Board enthusiastically supports his ability to continue the momentum of the Bank’s growth.”
Mr. DeWitt serves with Mr. Francis, bank Executive Vice President and Chief Lending Officer Terri Bunten Guthrie and Chairman Moore to comprise the Executive Management of First Landmark Bank. His responsibilities have included financial management and reporting, asset liability management, investment and liquidity management, risk management, and operations. As president, he will add the responsibilities of directing senior management and overseeing all day-to-day operations.
Previously Mr. DeWitt was with New South Federal Savings Bank in Irondale, Alabama, where he served as Senior Vice President and Chief Financial Officer and Chief Accounting Officer. He has also served as Senior Vice President/CFO of Financial Investors of the South, Inc./Bank of Alabama in Birmingham Alabama, and as Executive Vice President and member of the Board of Directors of National Bank of Commerce (now Cadence Bank) in Tuscaloosa, Alabama. In 1998 DeWitt received the Outstanding Young Banker Award from the Alabama Bankers Association.
His experience in Cobb County includes serving as Senior Vice President and Chief Financial Officer of Chattahoochee Financial Corporation and The Chattahoochee Bank in Marietta from 1986 to 1990. He began his career with Price Waterhouse in Atlanta in 1983.
Mr. DeWitt is a 1983 graduate of the University of Alabama where he earned a Bachelor of Science degree in Accounting. He is a member of the Leadership Cobb Alumni Association, the Marietta Country Club, and the Rotary Club of Marietta, where he was recently named a Paul Harris Fellow. He serves on the Board of Directors and is Finance Committee Chairman of the Cobb Chamber of Commerce and the Cobb Community Collaborative.