First Charter Announces Change in Chief Financial Officer.CHARLOTTE, N.C. -- First Charter Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : FCTR FCTR First Charter Corporation (stock symbol) FCTR Federal Cash Transactions Report FCTR Forced Call Termination Rate ) announced today that Chief Financial Officer Robert O. Bratton will retire at the end of March after over 30 years with the company. Succeeding him in the position of Chief Financial Officer will be Charles A. Caswell, who will join First Charter on February 14th and assume the title of CFO See Chief Financial Officer. on March 17th. "Bob Bratton's influence on the evolution of First Charter has been remarkable," said Lawrence M. Kimbrough, president and chief executive officer of First Charter Corporation. "His dedication to maintaining the highest standards of sound financial management and his deep compassion for the people in our company have made an indelible mark on First Charter." Charles Caswell joins First Charter from Integra Bank, a $3 Billion asset bank headquartered in Evansville, Indiana
Evansville (IPA: [ˈɛ.vənzˌvɪl]) is the third-largest city in the state of Indiana. . Prior to joining Integra, Caswell was the Chief Financial Officer for RBC Centura Banks, the US-based retail banking franchise of the Royal Bank of Canada Bank of Canada Canada's central bank, established under the Bank of Canada Act (1934). It was founded during the Great Depression to regulate credit and currency. The Bank acts as the Canadian government's fiscal agent and has the sole right to issue paper money. (RBC RBC red blood cell. RBC or rbc abbr. red blood cell RBC, n See red blood cell count. RBC red blood cells; red blood (cell) count (see blood count). ). "Chuck Caswell will be a strong addition to the First Charter management team," said Bob James, President & 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 First Charter Bank. "I am confident that his breadth of experience and strategic perspective will help us navigate any economic challenges we might face in the future." Robert Bratton Bob Bratton joined Concord National Bank, predecessor to First Charter, in 1974 and was named Chief Financial Officer in 1977. Over the past 10 years, Bratton played a key role in the acquisitions that helped build First Charter into the super community bank of today. He was instrumental in the acquisitions of Bank of Union, Carolina State Bank, Home Federal Savings and Carolina First BancShares. In addition, he helped manage the acquisitions of 10 insurance agencies and Southeastern Employee Benefit Services. "It has been my honor and my privilege to work with the extraordinary people of First Charter for the past 30 years," said Bratton. "I am proud of the growth we have achieved and the strong foundation we have for the future." Today, Bratton is directly responsible for Finance, Accounting, Balance Sheet Management, Investment Portfolio Management and Strategic Planning. From time to time throughout his tenure as CFO, Bratton assumed management responsibility for several different areas, including Human Resources, Information Technology, Facilities and Bank Operations. A native of Wilmington, Delaware, Bratton earned a bachelor's degree in accounting from the University of Tennessee The University of Tennessee (UT), sometimes called the University of Tennessee at Knoxville (UT Knoxville or UTK), is the flagship institution of the statewide land-grant University of Tennessee public university system in the American state of Tennessee. . After college, prior to starting his banking career, he worked for the accounting offices of Coopers & Lybrand in Charlotte. Bratton has long been active in the community. He serves on the boards of several organizations, including Cooperative Christian Ministry, Northeast Medical Center Foundation and Cabarrus College of Health Science. Charles Caswell Since October 2002, Charles Caswell has served as the Chief Financial Officer for Integra Bank, a $3 Billion asset bank headquartered in Evansville, Indiana. He was responsible for the Accounting, Finance and Treasury divisions, and played a key role in strategic planning. Before joining Integra, Caswell spent five years at Centura Bank, beginning in 1997, before the RBC acquisition. He started as Treasurer and helped the bank grow assets from $6 Billion to $12 Billion. He was named CFO in 2001. In the years before Centura, Caswell worked at CoBank, ACB ACB American Council of the Blind ACB Asia Commercial Bank ACB America's Community Bankers ACB Adjusted Cost Base ACB Alliance for the Chesapeake Bay ACB Amphibious Construction Battalion (US Navy) ACB Australian Cricket Board in Denver, Colorado and at Sanwa Business Credit Corporation in Chicago, Illinois. Caswell holds a BS in Economics and a MS in Finance, both from the University of Illinois University of Illinois may refer to:
Corporate Profile First Charter Corporation is a regional financial services company with assets of $4.4 billion and is the holding company for First Charter Bank. First Charter operates 53 financial centers, seven insurance offices and 110 ATMs located in 18 counties throughout the piedmont and western half of North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. . First Charter also operates one mortgage origination office in Virginia. First Charter provides businesses and individuals with a broad range of financial services, including banking, financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against , funds management, investments, insurance, mortgages and a full array of employee benefit programs. Additional information about First Charter can be found by visiting www.FirstCharter.com or by calling 1-800-601-8471. First Charter's common stock is traded under the symbol "FCTR" on the NASDAQ National Market. |
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