For Immediate Release
January 9,2006
Contact:Tim Taylor
President/CEO
(252) 937-2152
First Carolina State Bank Appoints Rocky Mount Banker President and Chief Executive Office Timothy Taylor to Succeed David Parker in Leadership Position
Rocky Mount, N.C.-(Jan. 9, 2006)- The board of directors of First Carolina State Bank has appointed local bank executive Timothy N. Taylor president and chief executive officer of the bank. Taylor assumes the leadership position from founding bank president and CEO David A. Parker who is retiring. Taylor will join the bank's board of directors and Parker will continue to serve on the board.
"Tim is an excellent addition to First Carolina State Bank," said Dr. Randall Stewart, the bank's chairman. "His industry, as well as management experience, combined with his commitment to this community will ensure a smooth leadership transition. Our goal is to continue to serve the financial needs of the businesses and people of Rocky Mount, Tarboro and the surrounding communities."
Parker added that he looked forward to working with Taylor and was pleased with the success the bank had experienced over the past five years. "Since our founding in 2000, we have become an integral member of the community and have not lost sight of our goal of being a hometown bank," said Parker. "We have a strong and experienced team in place and are now able to offer all banking services from two full service offices. We have grown financially and I am extremely pleased to see that this focus will be further strengthened with the appointment of Tim to the leadership position."
Taylor has more than 22 years financial services experience and has held various positions in commercial lending as well as retail and mortgage banking. A Rocky Mount native, Taylor has spent all of his banking career with financial institutions in Rocky Mount. Most recently he was Senior Vice President and mortgage banking division manager for Southern Bank and Trust Co. where he held various executive positions during the past 12 years. He began his banking career in 1983 as a branch manager with Planters Bank and later accepted an executive position with First Union National Bank. He then joined Centura Bank and held positions there in retail and commercial banking.
Taylor earned bachelor's degrees in both Business Administration and Economics from North Carolina Wesleyan College. He is a graduate of the mid-management and advanced management programs at the North Carolina School of Banking as well as the graduate school of banking at LSU.
"First Carolina State Bank is a solid, well-respected bank that in a very short time has become deeply rooted in my hometown," said Taylor. "It is my goal to continue on the course that has been set by the bank's founders and board members and take our bank to the next level in its growth. Every decision we make will focus on how we can continue being a strong contributor to the economic health of this community."
Taylor is a lifetime member of the Rocky Mount Chamber of Commerce and currently serves on the Rocky Mount Development Authority. Other community involvement includes memberships in the Tar River Civic Club of Rocky Mount and the Tar River Charitable Foundation. He is the past board chairman of Faith Christian School of Rocky Mount. Taylor and his wife Jennifer have one daughter and reside in Rocky Mount.
First Carolina State Bank is a locally founded and locally managed community bank that opened in Rocky Mount in 2000 to serve the residents of Nash and Edgecombe Counties. In March 2005 the bank opened its second full service office in Tarboro. The bank offers a full range of financial products delivered via personalized, quality service.
