Greer Bancshares Incorporated Reports Change in Executive Leadershi
June 12, 2015
GREENVILLE, SC – Greer Bancshares, Incorporated reported that effective immediately, J. Richard Medlock, Jr. has been named Interim President and Chief Executive Officer of Greer Bancshares, Inc. and its subsidiary Greer State Bank, following the decision by George W. Burdette, Jr. to forego the renewal of his employment contract as CEO with the company. Mr. Medlock has been with Greer State Bank since its inception in 1988 and previously served as the Company’s Executive Vice President and Chief Financial Officer.
Commenting on the changes, Gary M. Griffin, Chairman of the Board of Directors stated, “The directors and staff of Greer State Bank extend our sincere appreciation to George Burdette for his service and contributions over the past three and one half years. He came to Greer State Bank during a challenging period of time for banking in general and for Greer State Bank. We wish him the best as he pursues other interests.”
Griffin further commented “Rick Medlock has been a constant strength in our management team since 1988 and has extensive knowledge of the Bank’s history, culture, and service commitment to the community. We have great confidence in Rick’s ability to provide interim leadership while we carefully consider both internal and external candidates for our CEO leadership position. Given the strength and depth of our management team, we are confident the Bank will continue to serve our customers and the greater Greer community with a high level of personal and professional service.”
About Greer State Bank
Now in its twenty-seventh year of operations, Greer State Bank serves the greater Greer community with three branch offices, a fourth branch office in the Taylors community and a mortgage/business lending office in Clemson. Greer Bancshares Incorporated trades in the over the counter market and is quoted on the OTC Bulletin Board under the symbol GRBS. Greer State Bank is FDIC Insured and an Equal Housing Lender. More information on Greer State Bank can be found on the company website at http://www.GreerStateBank.com. ~
