GrandSouth Bancorporation Announces New Board of Directors Member

Rhea-AI Summary

GrandSouth Bancorporation (GRRB:OTCQX) has announced the election of LeeAnn Weber to its board of directors, effective from the 2021 annual meeting. With extensive experience in the commercial construction industry as CFO of Strange Bros. Grading Co., Weber is expected to enhance GrandSouth's service to the construction sector. GrandSouth Bancorporation was founded in 1998 and currently operates eight locations, with assets exceeding $1.1 billion as of March 31, 2021. President and CEO JB Schwiers expressed enthusiasm about Weber's addition to the team, highlighting a long-standing relationship with her family.

Positive

• LeeAnn Weber brings extensive experience in the commercial construction industry, potentially enhancing services for this sector.
• The appointment reflects a long-standing relationship with the Weber family, suggesting continuity in values and business practices.

Negative

• None.

GREENVILLE, S.C., July 2, 2021 /PRNewswire/ -- GrandSouth Bancorporation (GRRB:OTCQX) (the "Company"), the holding company for GrandSouth Bank ("GrandSouth", or the "Bank"), would like to congratulate LeeAnn Weber on being elected to the board of directors at the Company's 2021 annual meeting of shareholders. Mrs. Weber is the CFO, Executive Secretary, and Treasurer of Strange Bros. Grading Co. Inc. Strange Bros. Grading was founded in 1954 and is one of the leading site development contractors in the Upstate. Mrs. Weber joined the company in 1984 after attending Lees-McRae College and has extensive experience in the commercial construction industry. She is active with NAWIC (National Women in Construction) and currently volunteers with Meals on Wheels, Saint Francis Foundation, Pearls and Pumps (fundraiser for Breast Health), Taylors Free Medical Clinic, and The American Heart Association.

"We are thrilled to have LeeAnn as part of the GrandSouth team. We have enjoyed a 30-year relationship with her family and their company whose values mirror ours when it comes to quality, service, and talented employees," said President and CEO, JB Schwiers. GrandSouth takes pride in being a premier provider of banking services to all facets of the construction industry. Mrs. Weber's industry knowledge will enhance the Bank's ability to serve this business sector. Mrs. Weber and her husband, Jack, reside in Greenville.

About GrandSouth Bancorporation and GrandSouth Bank: GrandSouth Bancorporation, the parent company of GrandSouth Bank, was founded in 1998 as a commercial bank. Since then, it has grown into eight locations and offers a full array of commercial banking services for individuals and small businesses. The bank has over $1.1 billion in assets as of March 31, 2021, including over $889 million in gross loans. Learn more at:  https://www.grandsouth.com/

 

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SOURCE GrandSouth Bancorporation

FAQ

Who is LeeAnn Weber and what role will she play at GrandSouth Bancorporation?

LeeAnn Weber is the new board member of GrandSouth Bancorporation, bringing her extensive experience in the commercial construction industry to enhance the bank's services.

What is the significance of LeeAnn Weber's election to the board of GrandSouth Bancorporation?

Her election is significant as it strengthens the bank's connection to the construction sector, aligning with the bank's goal to serve businesses in this industry.

When was the election of the new board member announced?

The election of LeeAnn Weber to the board was announced on July 2, 2021, during the company's annual meeting of shareholders.

How many locations does GrandSouth Bancorporation operate?

GrandSouth Bancorporation operates eight locations as of the date of the press release.