Southern First Bancshares adds three to board

Published 02/06/2025, 14:06
Southern First Bancshares adds three to board

GREENVILLE, S.C. - Southern First Bancshares, Inc. (NASDAQ:SFST), the parent company of Southern First Bank, has expanded its board with the addition of three new directors, Jennie Cluverius, Darrin Goss, and Billy McClatchey, effective as of Monday. The bank, currently valued at $294.65 million, has shown strong financial performance with revenue growth of nearly 12% over the last twelve months, according to InvestingPro data.

Jennie Cluverius, a seasoned trial lawyer and labor and employment law specialist, brings legal expertise to the board. She is a Shareholder at Maynard Nexsen and chairs its Labor & Employment Practice Group. With a background rooted in South Carolina, her academic credentials include a J.D. from the University of South Carolina School of Law.

Darrin Goss, currently leading the Coastal Community Foundation in Charleston, has a diverse background in community development and education. His experience includes leadership roles at the Capital Area United Way and United Way of Greenville County, coupled with earlier positions in academic administration and corporate training. Goss is also a veteran of the U.S. Army.

Billy McClatchey offers financial and real estate acumen as the CEO of Chaucer Creek Capital, and he has a history of entrepreneurship in the media sector. His financial experience includes work in mergers and acquisitions, as well as assisting financial institutions with initial public offerings. McClatchey’s education includes an MBA from the University of North Carolina.

Art Seaver, CEO of Southern First Bancshares, expressed enthusiasm for the new appointments, highlighting the directors’ leadership and community involvement as valuable assets for the bank’s continued growth.

Southern First Bancshares, headquartered in Greenville, South Carolina, stands as the second-largest bank founded in the state, with operations across South Carolina, North Carolina, and Georgia. The company, established in 1999, boasts consolidated assets of around $4.1 billion. The information about these appointments is based on a press release statement.

In other recent news, Southern First Bancshares has made several key announcements. The company has appointed three new directors to its board, effective June 1, 2025. Jennifer S. Cluverius, Darrin Goss, Sr., and William M. McClatchey, Jr. will join the board, each bringing diverse expertise to various committees. In addition, Southern First Bancshares has promoted Wes Wilbanks to Chief Credit Officer and Executive Vice President. Wilbanks, who joined the company in 2021, has 25 years of experience in the banking industry and is expected to enhance the company’s credit risk management strategies. Meanwhile, the company announced the upcoming departure of its Chief Risk Officer, William M. Aiken III, effective March 31, 2025. Aiken, who has been with the company since 2020, has played a significant role in shaping its risk management policies. The company has yet to announce a successor for the Chief Risk Officer position. These developments highlight Southern First Bancshares’ ongoing efforts to strengthen its leadership team and maintain transparency in its executive transitions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.