Atlantic Capital Bancshares, Inc. Announces David Eidson Joins Board of Directors

Rhea-AI Summary

Atlantic Capital Bancshares, Inc. (NASDAQ: ACBI) has appointed David Eidson to its Board of Directors, filling a vacancy due to board expansion. Eidson, who will serve until the 2021 Annual Meeting of Shareholders, brings extensive experience in corporate and investment banking as the current President and CEO of Coxe Curry & Associates, a nonprofit consulting firm. His prior roles include leadership positions at RidgeWorth Capital Management and SunTrust. The board aims to leverage Eidson's community leadership and banking expertise to enhance strategic direction.

Positive

• Appointment of David Eidson expands board expertise and community leadership.
• Eidson’s extensive banking experience may strengthen strategic initiatives.

Negative

• Potential concerns regarding continuity with board changes.
• Experience gaps if board integration takes time.

ATLANTA, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Atlantic Capital Bancshares, Inc. (NASDAQ: ACBI) (“Atlantic Capital”), the parent company of Atlantic Capital Bank, N.A., announced today that David Eidson has been appointed to the Board of Directors of Atlantic Capital and the bank to fill the vacancies caused by the increase of each respective board to ten directors. Mr. Eidson will serve a term expiring at the 2021 Annual Meeting of Shareholders.

“We are excited to welcome David to our Board of Directors, and believe that his community leadership and corporate and investment banking experience will complement the talents already in our boardroom,” said Douglas L. Williams, President and Chief Executive Officer of Atlantic Capital. Walter M. “Sonny” Deriso, Jr., Chairman of Atlantic Capital, added, “David has an impressive resume and is passionate about community service and I look forward to working with him at Atlantic Capital.”

Mr. Eidson is President and CEO of Coxe Curry & Associates (“Coxe Curry”), a nonprofit consulting firm serving organizations in greater Atlanta and throughout the state of Georgia. Mr. Eidson joined Coxe Curry in 2012, after a 27-year career in the financial sector and more than 20 years of volunteer service in the Atlanta community. Prior to joining Coxe Curry, Mr. Eidson served in executive leadership roles with RidgeWorth Capital Management, a SunTrust subsidiary, including chief operating officer, chief executive officer and chairman, capping a corporate and investment banking career that saw him serve as head of SunTrust’s Corporate Banking and vice chairman and head of Debt Capital Markets for SunTrust Robinson-Humphrey. He is a past member of the boards of the Atlanta Community Food Bank, Hands On Atlanta, and Emory Healthcare Advisory Board. Prior to his current role at Coxe Curry, Mr. Eidson held volunteer leadership roles in fundraising activities for Auburn University, Children’s Healthcare of Atlanta, Hands On Atlanta, United Way, and Wesleyan School. He and his family are involved in numerous local service projects and global missions. He is a graduate of Leadership Atlanta and a member of Atlanta Rotary.

About Atlantic Capital Bancshares, Inc.

Atlantic Capital Bancshares, Inc. is a $2.9 billion publicly traded bank holding company headquartered in Atlanta, Georgia. Atlantic Capital offers commercial and not-for-profit banking services, specialty corporate financial services, private banking services and commercial real estate finance solutions to privately held companies and individuals in the Atlanta area, as well as payments and other specialized financial services for select clients nationally.

Contact:
Patrick T. Oakes, Executive Vice President & CFO
Email: patrick.oakes@atlcapbank.com
Phone: 404-995-6050

FAQ

Who is David Eidson and what is his background?

David Eidson is the newly appointed member of the Board of Directors at Atlantic Capital, with a background in corporate and investment banking, and currently the President and CEO of Coxe Curry & Associates.

What impact could David Eidson's appointment have on Atlantic Capital?

Eidson's appointment may enhance the board's strategic direction due to his extensive banking experience and community involvement.

When does David Eidson's term on the Board of Directors expire?

David Eidson's term on the Board of Directors will expire at the 2021 Annual Meeting of Shareholders.