Seacoast Bank Announces James Stallings as Chief Credit Officer

Rhea-AI Summary

Seacoast Banking Corporation of Florida (NASDAQ: SBCF) has appointed James Stallings as executive vice president and chief credit officer, succeeding Richard Raiford. Stallings brings nearly 25 years of experience in banking and credit risk, notably enhancing BB&T's growth during his tenure. Chuck Shaffer, CEO, emphasized Stallings’ expertise in credit risk administration, which aligns with the company’s goal for disciplined growth. As of December 31, 2021, Seacoast Banking had approximately $9.7 billion in assets and $8.1 billion in deposits and operates over 50 branches in Florida.

Positive

• Appointment of James Stallings as executive vice president and chief credit officer strengthens leadership.
• Stallings has nearly 25 years of experience in banking and credit risk, enhancing the company's growth potential.

Negative

• None.

STUART, Fla., Feb. 28, 2022 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ: SBCF), one of the largest community banks in Florida, today announced that it has hired James Stallings, a banking and credit risk leader with nearly 25 years of experience, as executive vice president and chief credit officer. Stallings succeeds Richard Raiford, who recently retired.

"Our strategic vision, culture, and focus on disciplined growth continues to attract high-quality financial services leadership,” said Chuck Shaffer, chairman and chief executive officer of Seacoast Bank. “James brings an extensive and diverse background in credit risk administration, helping BB&T grow from a community bank when he joined to a very successful regional bank prior to its merger with SunTrust. I am excited to welcome James as he helps position the company for sustainable growth while maintaining our commitment to disciplined underwriting standards.”

Stallings’ impressive career began in 1998 as a management associate and credit analyst at BB&T. Over a two-decade career with the company, he progressed to serve as a senior credit executive overseeing a large team of credit officers and a $60 billion portfolio. In addition, he has held a diverse set of roles, including overseeing credit for the commercial community bank, corporate C&I, and specialty finance. Stallings earned his Bachelor of Science degree and Master’s in Business Administration from Wake Forest University.

About Seacoast Banking Corporation of Florida (NASDAQ: SBCF)

Seacoast Banking Corporation of Florida (NASDAQ: SBCF) is one of the largest community banks headquartered in Florida with approximately $9.7 billion in assets and $8.1 billion in deposits as of December 31, 2021. Seacoast provides integrated financial services including commercial and consumer banking, wealth management, and mortgage services to customers at over 50 full-service branches across Florida, and through advanced mobile and online banking solutions. Seacoast National Bank is the wholly-owned subsidiary bank of Seacoast Banking Corporation of Florida. For more information about Seacoast, visit www.SeacoastBanking.com.

CONTACT:
Taylore Maxey
Taylore@sachsmedia.com
(850) 212-5034

 

FAQ

Who has been appointed as the new chief credit officer of Seacoast Banking Corporation of Florida?

James Stallings has been appointed as the chief credit officer.

What are the key responsibilities of James Stallings at SBCF?

As chief credit officer, Stallings will oversee credit risk management and uphold disciplined underwriting standards.

What is the asset size of Seacoast Banking Corporation of Florida?

As of December 31, 2021, Seacoast Banking had approximately $9.7 billion in assets.

What was the deposit amount for Seacoast Banking as of the end of 2021?

Seacoast Banking had $8.1 billion in deposits as of December 31, 2021.

What is the significance of James Stallings' appointment for SBCF investors?

Stallings' extensive experience may enhance the bank's growth strategy and risk management, benefiting investors.