Thursday, August 8, 2013

Park Sterling Bank to focus on western N.C. growth

Rapidly growing Charlotte-based Park Sterling Bank announced that it has named a new western North Carolina region president to focus on growth in Gaston, Lincoln and Cleveland counties.

The region was largely inherited when the bank acquired Gastonia-based Citizens South Bank last year. The new position comes as Park Sterling tweaks its organization post-acquisition.

Lincoln County native Dan Boyd will take on the regional president role. He had been the chief operating officer of Citizens South. Steve Huffstetler will be the senior commercial banker in the area.

Says Park Sterling president Bryan Kennedy: "“The Gaston, Lincoln and Cleveland markets have tremendous growth potential, and are markets we have successfully served through our legacy companies since 1904. We are happy to have additional experienced, local bankers in place to serve the markets they call home.”

Park Sterling says this is a new position. Former Citizens South chief risk officer Don Flowe had a similar role in the past, when the western region included areas like Statesville, Monroe and Salisbury. He is now "community markets president," which encompasses a larger region including Greenwood, S.C., and north Georgia, Kennedy told the Observer.

****This is a preview of The Charlotte Observer's Bank Watch Morning Report, bringing you banking news from the region, the top financial headlines, and the news driving activity in the Charlotte market. *****

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