Capital City Bank names new chief banking officer

TALLAHASSEE - Capital City Bank (NASDAQ:CCBG) Group, Inc. (NASDAQ: CCBG) has announced significant changes to its executive team, including the appointment of Ramsay Sims as the new chief banking officer, a role created to strengthen the bank’s strategic focus on growth and operational efficiency. Sims, previously serving as the chief lending officer, brings extensive experience in financial services to his new position. The bank, currently trading at a P/E ratio of 11.47, has shown strong financial performance with a 31.5% stock price return over the past year. According to InvestingPro analysis, the stock appears to be trading below its Fair Value, suggesting potential upside opportunity.

In his new capacity, Sims will oversee both the lending and deposit functions of the bank, aiming to streamline their strategic direction. His promotion has led to William Smith stepping into the role of chief lending officer, where he will concentrate on advancing the bank’s lending strategies under Sims’ guidance.

Capital City Bank Group Chairman, President, and CEO Bill Smith expressed confidence in the appointments, highlighting Sims’ proven track record and Smith’s deep market understanding as valuable assets for the bank’s future growth. The bank has demonstrated consistent shareholder value, maintaining dividend payments for 11 consecutive years with a current dividend yield of 2.59%. InvestingPro data reveals several more positive indicators about the company’s financial health, which subscribers can access along with detailed analysis and forecasts.

Sims joined Capital City Bank in 2010 and has a background that includes public finance with Merrill Lynch, corporate tax-exempt finance with Banc of America Securities, and a tenure with GE Capital. He holds a bachelor’s degree in economics and an MBA.

William Smith’s career at Capital City Bank began in 2007 as a management trainee. His expertise spans several banking specialties, and he has held key positions, including market president for Leon County. Smith is also actively involved in community service, serving on various non-profit boards.

Capital City Bank Group, with approximately $4.3 billion in assets, operates 63 banking offices and 104 ATMs/ITMs across Florida, Georgia, and Alabama, offering a full range of banking services.

The information in this article is based on a press release statement from Capital City Bank Group.

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