SouthCrest names Daniel G. Broos to Board of Directors; Bank sets new focus on growing Atlanta regional market

ATLANTA, Oct. 26, 2016 -- SouthCrest Financial Group, Inc. (SCSG:PK), a $550 million asset bank holding company providing more than a century of service to businesses and consumers in the Southeast, announces the appointment of Daniel G. Broos to its Board of Directors.

Brian D. Schmitt, President and Chief Executive Officer of SouthCrest Financial Group and its subsidiary, SouthCrest Bank N.A., said the appointment is a key component of the firm’s strategy to expand its focus on private business banking in the Atlanta region.

“Dan’s track record for taking numerous businesses to new levels of financial success makes him a perfect addition to our Board of Directors as we chart an exciting new course to become a leading private business bank in the Atlanta regional market,” declared Schmitt.

“I’m looking forward to joining the SouthCrest Bank board and believe my experience investing in small companies will bring a new perspective,” said Broos. “With Brian Schmitt at the helm, there’s a real opportunity to build SouthCrest into the go-to lender for small businesses and professionals throughout the metro Atlanta area.”

Broos is the founder and managing member of Brighton Partners (www.bpequity.com), an Atlanta based private equity firm targeting small businesses with $10 million to $50 million of revenue.  The firm makes control equity investments, in partnership with management, in distribution and service companies with significant potential for long-term growth.

Portfolio companies include: Century Resources, the well-established leader of secondary school fundraising programs; Lawn Dawg, a New England based provider of lawn care and pest control services; Premier Performance, a national wholesale distributor of aftermarket performance products; and Century Fire Protection, the leading fire protection systems provider in the Southeast.

Broos developed his operations expertise at Booz-Allen & Hamilton, working with a diverse group of manufacturing, distribution and financial services companies.

Broos joined The Galbreath & Company in 1995 and led its turnaround and restructuring effort as the company's president and COO.  In 1997 he negotiated the company's merger with LaSalle Partners (Jones Lang LaSalle).  

Broos is a graduate of the University of Georgia and The Wharton School of the University of Pennsylvania.

ABOUT SOUTHCREST FINANCIAL GROUP

SouthCrest Financial Group, Inc. is a $550 million asset bank holding company headquartered in Woodstock, Ga.  The company operates a 12 branch network throughout Georgia and Alabama through its subsidiary bank, SouthCrest Bank, N.A.  The bank provides a full suite of retail, commercial and online banking services.

FORWARD-LOOKING STATEMENTS

This presentation may contain certain “forward-looking statements” that are subject to risks, uncertainties, and other factors that could cause actual results and shareholder values to differ materially from those projected.  Factors that could cause or contribute to such differences include economic conditions, government regulation and legislation, changes in interest rates, credit quality, competition, and other risk factors.

Media Contact:
Andrew Bowen, APR
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