State Bank Financial Corporation (NASDAQ:STBZ) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 26, 2017, the Board of Directors of State Bank Financial Corporation ("the Company"), the holding company for State Bank and Trust Company (the "Bank"), elected Sheila E. Ray as Chief Operating Officer of the Company, effective immediately. Ms. Ray will continue to serve as Chief Financial Officer of the Company and the Bank.
Prior to her appointment to the additional role of Chief Operating Officer, Ms. Ray, age 59, has served as Chief Financial Officer of the Company and the Bank since January 2015. Ms. Ray also serves as the Corporate Secretary of the Company and the Bank. Ms. Ray joined the Company and the Bank in October 2014 as Executive Vice President – Finance. Before that, she served as Chief Financial Officer of Atlanta Bancorporation, Inc. and Bank of Atlanta from 2006 until each was merged into the Company and the Bank, respectively, on October 1, 2014. She also served on the board of directors of Bank of Atlanta, a position she held from 2010 until 2014.
In connection with her appointment to Chief Operating Officer of the Company, the Company and Ms. Ray did not enter into any new, and did not amend any existing, compensatory arrangements, nor did the Company make any additional grants or awards to Ms. Ray.
About State Bank Financial Corporation (NASDAQ:STBZ)
State Bank Financial Corporation is a bank holding company for State Bank and Trust Company (the Bank). The Bank is a Georgia-based state-chartered bank. The Company offers a range of community banking services to individuals and businesses within its markets. Its product line includes loans to small and medium-sized businesses (SMBs), residential and commercial construction and development loans, commercial real estate loans, farmland and agricultural production loans, residential mortgage loans, home equity loans, and consumer loans. It also offers a range of commercial and consumer demand, savings and time deposit products. The Company offers online banking and bill payment services, online cash management, safe deposit box, rentals, debit card and automatic teller machine (ATM) card services, and the availability of a network of ATMs for its customers. It operates over 25 full service banking offices.