Flagship Financial institution Appoints President James Nelson to High Management Place Following Retirement of CEO Robert McGivney
CLEARWATER, Fla., June 9, 2023 – Flagship Financial institution, a subsidiary of West Florida Financial institution Company, right this moment introduced that James Nelson, the financial institution’s president, chief working officer, and chief credit score officer, has been appointed by the board of administrators to imagine the position and tasks of Flagship’s high management place following the retirement of present CEO Robert McGivney, who will proceed to function a director for Flagship Financial institution and West Florida Financial institution Company.
“We’re extraordinarily lucky to transition from one seasoned govt to a different and preserve sturdy continuity in our financial institution’s management,” stated Paul J. Wikle, chairman, West Florida Financial institution Company. “With over 45 years of banking expertise, Jim is an incredible alternative for main our financial institution into the longer term. He has been a key chief on our govt group because the starting, and we’re assured that he’ll proceed constructing on our previous success.”
In early 2019, McGivney, after a 50-year-plus banking profession, and Wikle led a bunch of bankers and traders in forming West Florida Financial institution Company. In October of that 12 months, after elevating over $37 million and gaining almost 300 new shareholders, the group bought Flagship Group Financial institution and commenced working the financial institution beneath the identify of Flagship Financial institution. McGivney and Wikle, together with Nelson, have grown the financial institution from two department places of work, in Clearwater and Oldsmar, to 6 department areas, together with in St. Petersburg, Largo, West Pasco, and Tarpon Springs. In addition they have overseen the expansion of financial institution belongings from $129,400,000 to $588,200,000.
“The Tampa Bay space is continuous to expertise a interval of profound development requiring larger and extra diversified banking companies,” stated Nelson. “We’re privileged to serve this demand with not solely the newest applied sciences for straightforward and safe banking, but in addition a extremely personalised neighborhood banking expertise, which has at all times been on the core of our tradition.”
“We’re without end grateful to Bob for his years of service and the important position he’s performed in founding and rising our financial institution, and we sit up for a brand new period of management and development with Jim,’’ Wikle stated.
About Flagship Financial institution
Flagship Financial institution (member FDIC) is a Bauer 5-star rated neighborhood financial institution, based by an area board of administrators, owned by native shareholders, and operated by seasoned, native bankers. With branches in St. Petersburg, Clearwater, Largo, Tarpon Springs, Oldsmar, and West Pasco, the financial institution is targeted on serving the entrepreneurs, professionals, and residents within the Tampa Bay space. Flagship Financial institution gives a full vary of monetary companies together with enterprise banking, private banking, and Treasury Administration. Discover Flagship Financial institution on the net at www.flagshipbank.com.
About West Florida Financial institution Company
West Florida Financial institution Company is a Florida Company and the dad or mum financial institution holding firm for Flagship Financial institution, a Florida-chartered business financial institution headquartered in Clearwater, Florida.
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