First Charter Elects New Officers to Board of Directors.Business Editors CHARLOTTE, N.C.--(BUSINESS WIRE)--Jan. 30, 2004 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 ) today announced the election of new officers for the Boards of the Corporation and First Charter Bank. The officer elections will become effective at the Annual Shareholder meeting scheduled for April 28, 2004. First Charter Corporation The First Charter Corporation Board of Directors elected James E. Burt, III, Chairman. Mr. Burt was 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 Carolina First BancShares when it merged with First Charter in 2000. He has been a director of First Charter and has served as Chairman of the First Charter Bank Board since July, 2000. He will replace J. Roy Davis, Jr., Chairman Emeritus of S&D Coffee, Inc., who will retire from the Board at the Annual Shareholders meeting. Michael R. Coltrane was re-elected Vice Chairman of the Board. Mr. Coltrane, a member of the Board continuously since 1988, is Chairman, President and CEO of CT Communications, Inc., Concord, NC (NASDAQ: CTCI CTCI Computer to Computer Interface ). First Charter Bank The First Charter Bank Board of Directors elected Walter H. Jones, Jr., Chairman. Mr. Jones, a member of the Board since 2000, is a partner in the law firm Homesley, Jones, Gaines, Dudley, McLurkin & Donaldson, PLLC PLLC Professional Limited Liability Company PLLC Polk Life and Learning Center (Bartow, FL) PLLC Partners of Limited Liability Corporation , Mooresville, NC. William R. Black, M.D., was elected Vice Chairman of the Bank Board. Dr. Black has been a member of the Board since 1990. He is a physician with Carolina Oncology Associates, Salisbury, NC. Corporate Profile First Charter Corporation is a regional financial services company with assets of $4.2 billion and is the holding company for First Charter Bank. First Charter operates 54 financial centers, five insurance offices and 93 ATMs located in 17 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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