Published:
Bank of Granite Corporation Appoints Jerry A. Felts as Chief Operating Officer
Bank of Granite Corporation (NASDAQ: GRAN) ("the Company") has announced the appointment of Jerry A. Felts, as
Chief Operating Officer. Felts will be responsible for overseeing and
directing management reporting and strategic planning for Finance, Credit
Administration and Operations according to an announcement made by R. Scott
Anderson, Bank of Granite Corporation CEO and President.
Felts, a retired Ernst & Young LLP partner with 30+ years of experience in
a financial institution practice, has been engaged with Bank of Granite
since November of 2007. His areas of consulting expertise include
financial reporting, financial institution regulatory compliance, internal
auditing, mortgage banking, and credit management.
Felts, a Charlotte resident, earned a BS in Accounting from the University
of Tennessee in Knoxville and is a member of the American Institute of
CPA's (AICPA), Tennessee Society of CPA's and the Institution of Internal
Auditors.
Anderson, CEO and President, states, "We are excited to have Jerry Felts
join our Bank of Granite Executive leadership team. His vast experience
with banks all across the United States will continue to be a tremendous
help to us."
Felts states, "I look forward to working with our leadership team and see
this as a great opportunity to contribute to Bank of Granite's continued
success."
This appointment is part of the Company's effort to focus its resources on
the multifaceted challenges facing the financial industry.
Bank of Granite Corporation's common stock trades on the NASDAQ Global
Select Market(SM) under the symbol "GRAN." Bank of Granite Corporation is
the parent company of Bank of Granite and Granite Mortgage, Inc. Bank of
Granite operates twenty-two full-service banking offices in eight North
Carolina counties -- Burke, Caldwell, Catawba, Forsyth, Iredell,
Mecklenburg, Watauga, and Wilkes, as well as a loan production office in
Guilford County. Granite Mortgage, a mortgage banking company headquartered
in Winston-Salem, originates home mortgages in these counties as well as in
Cumberland and Rowan counties.
For further information, please contact Kirby Tyndall, Chief Financial
Officer at
Voice (828) 496-2026, Fax (828) 496-2010 or Internet:
ktyndall@bankofgranite.com.
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Daily NewsTags: ,FinancialServices:Commercial and InvestmentBanking, FinancialServices:InvestmentServicesandTrading, FinancialServices:PersonalFinance, FinancialServices:RetailBanking, ,NASDAQ01,NASDAQ01,NC,GRANITE FALLS, NC
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