CHARLESTON, SC, January 05, 2022 (GLOBE NEWSWIRE) – First Capital Bank (“the Bank”) today announced that the board of directors of the Company (the “Board”) has appointed Joseph S. Kassim as a director of the Bank, from January 1, 2022.

“Joe has been a key part of our successful growth. Under his leadership, the Bank’s assets, deposits and profits increased, ”said Harvey Glick, CEO. “Joe has helped build a cohesive team and created a culture worth admiring. We are delighted to welcome him to the Board of Directors and look forward to his valuable contributions.

Joe Kassim joined The Bank in 2019 as President and Chief Operating Officer and helped the bank reach over $ 380 million in assets as of December 31, 2021. Mr. Kassim is over 15 years old experience in the banking industry with various management roles. managerial and managerial positions. Mr. Kassim, originally from Charleston, is a Chartered Accountant in South Carolina and is actively involved in the Charleston nonprofit community. He currently serves on the Executive Committee as Treasurer of the South Carolina Infant Mental Health Association. Mr. Kassim is a graduate of the University of South Carolina with a bachelor’s degree in accounting and finance.

About First Capital Bancshares, Inc .:

First Capital Bancshares, Inc. is a banking holding company headquartered in Charleston, South Carolina, with assets of approximately $ 387 million as of December 31, 2021. Its primary business is owned and operated by First Capital Bank, a state chartered community. bank that operates five branches and a loan production office in North Carolina and South Carolina. For more information, please visit www.fcbcarolinas.com.

Caution regarding forward-looking statements

Certain statements contained in this press release contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to future plans and expectations, and are therefore forward-looking. These forward-looking statements are identified by words such as “believe”, “expect”, “should”, “anticipate”, “estimate”, “intend”, “plan”, “target” and “plan” , as well as similar expressions. Such statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Although we believe the assumptions underlying forward-looking statements are reasonable, any of the assumptions could prove to be incorrect. Therefore, we cannot guarantee that the results contemplated in the forward-looking statements will be realized. The inclusion of such forward-looking information should not be construed as a representation by our company or any person that future events, plans or expectations contemplated by our company will be realized.

The following factors, among others, could cause actual results to differ materially from anticipated results or other expectations expressed in forward-looking statements: (1) competitive pressures between deposit-taking and other financial institutions may increase significantly and affect prices, expenses, relationships with third parties and revenues; (2) The strength of the United States economy in general and the strength of the local economies in which the company operates may differ from those anticipated, including, but not limited to, due to the impacts negative effects and disruptions resulting from national policy turmoil as well as the continued impact of the novel coronavirus, or COVID-19, on the economies and communities served by the company, which can negatively impact the operations, operations and performance of the company, and could have a negative impact on the company’s credit portfolio, stock price, borrowers and on the economy as a whole, both nationally and globally; (3) the default rate and write-off amounts, the level of allowance for loan losses, loan growth rates or adverse changes in the quality of assets in our loan portfolio, which may result in increased loan losses. credit risk losses and expenses; (4) changes in laws, regulations, policies or administrative practices, whether by judicial, governmental or legislative action, including, but not limited to, changes affecting the oversight of the service sector financial or consumer protection; (5) the impact of the results of the recent US elections on the regulatory landscape, capital markets and the response and management of the COVID-19 pandemic; (6) adverse conditions in the stock market, government debt market and other capital markets (including changes in interest rate conditions) could have a negative impact on the company; (7) changes in interest rates, which may affect the company’s net income, prepayment penalty income, mortgage banking income and other future cash flows, or the market value of the company’s assets. company, including its investment securities; and (8) changes in accounting principles, policies, practices or guidelines. All subsequent written and oral forward-looking statements concerning the Company or any person acting on its behalf are expressly qualified in their entirety by the caveats above. We assume no obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which the forward-looking statements are made, except as required by law.

For more information, contact:

Joseph S. Kassim

President and Chief Operating Officer

First capital bank

(843) 990-7770

Related images

Image 1: First Capital Bank

First logo of the capital bank

This content was posted through the press release distribution service at Newswire.com.