Southern First Appoints Bryan Kennedy to Board of Directors

Rhea-AI Summary

Southern First Bancshares (NASDAQ: SFST) appointed veteran banker Bryan Kennedy to its Board of Directors, effective June 1, 2026. Kennedy brings a 43-year commercial banking career, including founding Park Sterling Bank and senior leadership roles at Regions Bank and SouthState Bank.

Kennedy also serves as Lead Independent Director of The Cato Corporation (NYSE: CATO). Southern First, parent of Southern First Bank, reports consolidated assets of about $4.6 billion and operates 13 locations across South Carolina, North Carolina, and Georgia.

Positive

• Board appointment adds a 43-year commercial banking veteran with founder-level experience
• New director brings public company governance experience from The Cato Corporation (NYSE: CATO)

Negative

• None.

News Market Reaction – CATO

+8.09% 2.3x vol

8 alerts

+8.09% News Effect

+6.5% Peak in 2 hr 3 min

+$5M Valuation Impact

$68.35M Market Cap

2.3x Rel. Volume

On the day this news was published, CATO gained 8.09%, reflecting a notable positive market reaction. Argus tracked a peak move of +6.5% during that session. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $5M to the company's valuation, bringing the market cap to $68.35M at that time. Trading volume was elevated at 2.3x the daily average, suggesting notable buying interest.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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GREENVILLE, S.C., June 3, 2026 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ: SFST), holding company for Southern First Bank, is pleased to announce the appointment of Bryan Kennedy to its Board of Directors, effective June 1, 2026.

Kennedy recently retired following a distinguished 43-year career in commercial banking that included founding Park Sterling Bank, the largest capitalized bank start up in North Carolina history. He began his career as a commercial banker at NCNB (now Bank of America) and later joined First Charlotte Bank. He then helped launch Park Meridian Bank, which was acquired by Regions Bank in 2001. Following the acquisition, Kennedy was named North Carolina Market President for Regions Bank, where he spearheaded their expansion into three additional North Carolina markets. In 2006, he founded Park Sterling Bank, which was sold to SouthState Bank in 2017. Upon that sale, he became the Northern Banking Group President for SouthState, overseeing operations across North Carolina and Virginia, and served as a member of the bank's Operating Committee.

Kennedy holds a bachelor's degree in commerce from the University of Virginia, an MBA from the University of North Carolina, and is an Honors graduate of the Stonier Graduate School of Banking. He has public company governance experience as the Lead Independent Director of The Cato Corporation (NYSE: CATO), where he has served on the Board since 2009. Previously, he served on the Board and Executive Committee of Park Sterling Bank. Kennedy has also been actively involved in many Charlotte area nonprofit organizations, including serving as Board Chair of Hospice and Palliative Care Charlotte Region.

"We are honored to welcome Bryan to our Board of Directors," said Art Seaver, Chief Executive Officer of Southern First. "Bryan's track record of building and leading successful banks makes him an outstanding addition to our Board. His experience, strategic perspective, and commitment to serving others will be invaluable as we continue to grow Southern First and deliver exceptional value to our clients, teammates, shareholders, and communities."

About Southern First Bancshares
Southern First Bancshares, Inc., Greenville, South Carolina is a registered bank holding company incorporated under the laws of South Carolina. The company's wholly owned subsidiary, Southern First Bank, is the second largest bank headquartered in South Carolina. Southern First Bank has been providing financial services since 1999 and now operates in 13 locations in the Greenville, Columbia, and Charleston markets of South Carolina as well as the Charlotte, Triangle and Triad regions of North Carolina and Atlanta, Georgia. Southern First Bancshares has consolidated assets of approximately $4.6 billion and its common stock is traded on The NASDAQ Global Market under the symbol "SFST." More information can be found at www.southernfirst.com.

MEDIA CONTACT: ART SEAVER, CEO, 864-679-9010

View original content to download multimedia:https://www.prnewswire.com/news-releases/southern-first-appoints-bryan-kennedy-to-board-of-directors-302789273.html

SOURCE Southern First Bancshares, Inc.

FAQ

What did Southern First Bancshares (NASDAQ: SFST) announce on June 3, 2026?

Southern First Bancshares announced the appointment of Bryan Kennedy to its Board of Directors, effective June 1, 2026. According to Southern First, Kennedy recently retired after a 43-year commercial banking career that included founding Park Sterling Bank and senior leadership roles at major regional banks.

Who is Bryan Kennedy, the new Southern First (SFST) board member?

Bryan Kennedy is a retired commercial banker with a 43-year career, including founding Park Sterling Bank. According to Southern First, he previously held senior roles at Regions Bank and SouthState Bank and currently serves as Lead Independent Director of The Cato Corporation (NYSE: CATO).

What experience does Bryan Kennedy bring to the Southern First Bancshares board?

Bryan Kennedy brings decades of commercial banking, market expansion, and public company board experience. According to Southern First, his background includes founding Park Sterling Bank, leading multistate banking operations at SouthState, and long-standing governance experience as Lead Independent Director at The Cato Corporation (NYSE: CATO).

How large is Southern First Bancshares (NASDAQ: SFST), which appointed Bryan Kennedy?

Southern First Bancshares reports consolidated assets of approximately $4.6 billion. According to Southern First, its subsidiary Southern First Bank operates 13 locations across Greenville, Columbia, Charleston, Charlotte, the Triangle and Triad regions of North Carolina, and Atlanta, serving multiple high-growth Southeast markets.

What is Bryan Kennedy’s current role at The Cato Corporation (NYSE: CATO)?

Bryan Kennedy serves as the Lead Independent Director of The Cato Corporation’s board. According to Southern First, he has served on Cato’s board since 2009, adding significant public company governance experience alongside his new directorship at Southern First Bancshares (NASDAQ: SFST).