Eufaula BancCorp Inc. Makes Announcement.Business Editors EUFAULA, Ala.--(BUSINESS WIRE)--Dec. 23, 1999 Robert M. Dixon, Chairman of the Board of Eufaula BancCorp Inc. (Nasdaq: EUFA), announced the election of James R. Balkcom, Jr. to the Eufaula BancCorp Board. In addition, Mr. Balkcom was elected Chairman of the Board of Directors, replacing Mr. Dixon who retired as Chairman but will remain as a director of the company. Mr. Balkcom currently serves as Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of PAMECO Corporation a $600 million distributor of HVAC equipment with 350 locations in the US, Guam and Hawaii. He is also Chairman of the Board of American Remanufacturers Inc., with locations in California, Ohio, Mississippi and Tennessee and was previous owner, Chairman and CEO of Techsonic Industries, Inc. in Eufaula, AL. Mr. Balkcom is a native of Atlanta, GA, he attended Georgia Institute of Technology Georgia Institute of Technology, in Atlanta, Ga.; coeducational; state supported; chartered 1885, opened 1888. It is a member school in the university system of Georgia. Significant among its facilities and programs are the Frank H. before enrolling in the United States Military Academy United States Military Academy, at West Point, N.Y.; for training young men and women to be officers in the U.S. army; founded and opened in 1802. The original act provided that the Corps of Engineers stationed at West Point should constitute a military academy, but and graduating in 1967 as a Cadet Captain. He received his MBA from the Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. Majoring in finance and is married to the former Linda Purcell of Atlanta, GA. Mr. Dixon in announcing Mr. Balkcom's election said "We are extremely fortunate to have someone with Jim's experience and expertise and we look forward to his guidance in the future." Eufaula BancCorp operates two banks, Southern Bank of Commerce headquartered in Eufaula, Alabama, with additional locations in Huntsville, Madison and Montgomery, Alabama, and First American Bank First American Bank is the name of numerous banks operating separately in each state of the United States. Please refer to the individual articles for more information on each bank. of Walton County, headquartered in Santa Rosa Beach, Florida, with locations in Grayton Beach, Freeport and Panama City, Florida Panama City is a city located along U.S. Highway 98 in Bay County, Florida. It is the largest city between Pensacola, Florida and Tallahassee, Florida. It is the larger (population wise) of two principal cities of the Panama City-Lynn Haven, Florida Metropolitan Statistical Area. . The common stock of the company is traded on the NASDAQ Small Cap Market under the symbol "EUFA". |
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