Jacksonville Bancorp, Inc. Announces New Chairman Of The Board
JACKSONVILLE, Fla., April 24, 2013
JACKSONVILLE, Fla., April 24, 2013 /PRNewswire/ -- Jacksonville Bancorp, Inc.
("Bancorp") (NASDAQ: JAXB), holding company for The Jacksonville Bank (the
"Bank"), announced today that Donald F. Glisson, Jr. was named as Chairman of
the Board of Bancorp effective April 23, 2013. Mr. Glisson has been a
director of Bancorp and its subsidiary, The Jacksonville Bank, since November
2010, when Bancorp acquired by merger Atlantic BancGroup, Inc. and its banking
subsidiary, Oceanside Bank. Mr. Glisson had served as Chairman of the Board
of Atlantic BancGroup, Inc. and Oceanside Bank from 1996 through the merger.
(Logo: http://photos.prnewswire.com/prnh/20020410/JAXBLOGO )
Mr. Glisson is the Chairman and Chief Executive Officer of Triad Financial
Services Inc., a consumer finance company based in Jacksonville, with five
other offices across the country. Triad is the second largest originator of
manufactured housing loans in the U.S.
Mr. Glisson is very active in a host of civic and economic endeavors,
including serving on the Board of Directors of the Florida State University
Alumni Association and the Board of Governors of the Florida State University
College of Business. In April 2012, Mr. Glisson was appointed by the CFO of
the State of Florida to the Board of Governors of Citizens Insurance Company,
the property insurance company created by the State of Florida to provide
homeowners insurance to Floridians. Mr. Glisson received his Bachelor of
Science degree in Finance from Florida State University.
Mr. Glisson succeeds Gary L. Winfield, M.D. as Chairman of the Board, who
served in that capacity since July 2012. During the last year, Dr. Winfield
was promoted within the Hospital Corporation of America (HCA) and moved to
Roanoke, Virginia, to become the Chief Medical Officer of the LewisGale
Regional Health System, which is comprised of four hospitals. Stephen C.
Green, President and Chief Executive Officer of the Company, stated that, "The
Company wishes to express its gratitude to Dr. Winfield for his leadership as
Chairman since last July, and we look forward to having Mr. Glisson serve in
this capacity as well." Dr. Winfield will continue to serve on the boards of
directors of the Company and the Bank, which he has done since their
Jacksonville Bancorp, Inc., a bank holding company, is the parent of The
Jacksonville Bank, a Florida state-chartered bank focusing on the Northeast
Florida market with approximately $565 million in assets and eight
full-service branches in Jacksonville and Jacksonville Beach, Duval County,
Florida as well as our virtual branch.The Jacksonville Bank opened for
business on May 28, 1999 and provides a variety of community banking services
to businesses and individuals in Jacksonville, Florida.More information is
available at its website at www.jaxbank.com.
The statements contained in this press release, other than historical
information, are forward-looking statements, which involve risks, assumptions
and uncertainties.The risks, uncertainties and factors affecting actual
results include but are not limited to: our ability to dispose of substandard
assets and the disposition prices thereof; economic and political conditions,
especially in North Florida; real estate prices and sales in the Company's
markets; competitive circumstances; bank regulation, legislation, accounting
principles and monetary policies; the interest rate environment; efforts to
increase our capital and reduce our nonperforming assets; and technological
changes.The Company's actual results may differ significantly from the
results discussed in forward-looking statements.Investors are cautioned not
to place undue reliance on forward-looking statements, which speak only as of
the date hereof.The Company does not undertake, and specifically disclaims,
any obligation to publicly release any revisions to these forward-looking
statements to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.Additional information
regarding risk factors can be found in the Company's filings with the
Securities and Exchange Commission, including the Company's Annual Report on
Form 10-K for the year ended December 31, 2012, which are incorporated herein
SOURCE Jacksonville Bancorp, Inc.
Contact: Valerie Kendall, 904-421-3051
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