SARASOTA, Fla., Feb. 25, 2008 (PRIME NEWSWIRE) -- First State Bank (Nasdaq:FSTF), a $470 million bank with locations in Pinellas and Sarasota counties, has announced the promotion of Patricia C. Rhodes to Executive Vice President and Chief Administrative Officer.
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"Patti is a consummate professional banker, with vast experience in all areas of banking," said John E. "Jed" Wilkinson, President and CEO of First State Bank. "In her new role she will oversee all of the administrative and operational areas of the bank, which will create additional synergy throughout our organization." Rhodes joined the bank in 2005 as Vice President/Branch Administration/Corporate Training. Patti brings over 30 years of finance and banking experience to the position. Previously, Patti held senior management positions at SouthTrust Bank in the Administration and Operations areas.
"I am excited to be a part of the leadership team at First State Bank. This position affords me the opportunity to focus more attention on our business strategies, as well as, service and efficiencies. I look forward to the opportunities that lie ahead," said Rhodes.
Rhodes is heavily involved in the Pinellas community. She volunteers for Habitat for Humanity, Pinellas Animal Foundation, American Heart Association, and United Way. Rhodes is a graduate of the Florida Bankers Association Supervisor Academy/USF, Florida Bankers Association Branch Management Institute/USF, and the Florida Bankers Association Consumer Lending School/USF.
First State Financial Corporation (Nasdaq:FSTF) is the holding company for Sarasota, Florida-based First State Bank (www.firststatefl.com). First State operates seven full-service branches, four in Pinellas County and three in Sarasota County, with plans to open two new offices in the next 12 months. With more than $470 in assets, it is the fifth largest bank headquartered in the Tampa Bay market.
Except for historical information contained herein, this news release contains comments or information that constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve significant risks and uncertainties. Actual results may differ materially from the results discussed in the forward-looking statements.
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