1st Financial Services Corporation's (OTCBB: FFIS) business unit Mountain 1st Bank & Trust Company has reported that Greg Gibson, CEO, announced his resignation. Greg Gibson will step down from his position as CEO on October 31, 2009. His career spans over 30 years in the banking industry which includes five years as the bank's founder. Under the direction of Mr. Gibson and management, the Bank has experienced growth to over $700 million in assets over the past five years.
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About 1st Financial Services Corporation
1st Financial Services Corporation (1st Financial) is the parent bank holding company for Mountain 1st Bank & Trust Company (the Bank). 1st Financial’s business activity primarily consists of directing the activities of the Bank. The Bank is engaged in general commercial banking primarily in ten western North Carolina counties including Buncombe, Catawba, Cleveland, Haywood, Henderson, McDowell, Polk, Rutherford, Transylvania and Watauga. The lending activities of the Bank consist principally of originating commercial operating and working capital loans, residential mortgage loans, home equity lines of credit, other consumer loans and loans secured by commercial real estate. The banking operations are retail oriented and directed toward small to medium-sized businesses and individuals located in the banking markets.
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