Coastal Banking Company Inc. Appoints
Thomas Flournoy as Chief Financial Officer
BEAUFORT, S.C., Aug. 11, 2016 – Coastal Banking Company Inc.
(OTCQX:CBCO), the holding company of CBC National Bank, which operates branches
in Fernandina Beach, Ocala and The Villages, Fla., and Beaufort and Port Royal,
S.C., has appointed Thomas J. Flournoy as chief financial officer of the
company.
Flournoy is a career banker with 35
years of community bank leadership of finance/accounting, audit and risk, operations
and information technology teams. He will oversee all financial functions,
including accounting, treasury, financial reporting and budgeting, among other
duties.
“Tom Flournoy is a veteran chief financial
officer who has extensive experience helping growing community banks manage all
the fiscal and regulatory complexities of the marketplace, as well as the
executive leadership and interpersonal skills to flourish in the position,”
said Michael G. Sanchez, chairman and chief executive officer. “Tom’s deep
experience in mortgage banking and his focused risk management expertise make
him an exceptional fit for Coastal. His experience will be a valuable resource
as we continue to focus on growing our company and enhancing shareholder value.”
Flournoy has served as CFO or chief
operating officer of five community banks in Georgia, Indiana and Kentucky for the
past 14 years, following a 14-year tenure as controller of a large regional
bank in Indiana.
Most recently, Flournoy served as
senior vice president and CFO of First Bank of Georgia and Georgia-Carolina
Bancshares, Inc., based in Augusta, Ga.
Flournoy earned a bachelor’s degree
in accounting from Ball State University, and he is a certified public
accountant.
More Info at www.coastalbanking.com
