ATLANTA, July 28 /PRNewswire/ -- Darrell D. Pittard, Chairman and Chief
Executive Officer of Premier Bancshares, Inc. (AMEX: PMB) has announced the
retirement of Premier Bank's President and Chief Executive Officer, J. Edward
Mulkey, Jr. effective July 31. Mulkey has also resigned from the Boards of
Premier Bancshares and subsidiary companies, however, he will continue to
serve as a consultant with Premier Bank for the next year.
"Ed Mulkey guided the Bank during a 10 year evolution, growing it from
assets of $22 million to assets of approximately $350 million. It is
impossible to measure all of his contributions to the organization. We regret
but understand his decision," commented Pittard.
"I believe the Bank has a great future and customers should expect the
same quality service that has set us apart for the past ten years," said
Mulkey.
Robert C. Oliver has been elected by the Premier Bank Board of Directors
to serve as President and Chief Executive Officer of the Bank in addition to
serving in his current capacity as President and Chief Operating Officer of
Premier Bancshares, Inc.
Oliver is a native of Commerce, Georgia and a graduate of Furman
University. He was employed by the First National Bank of Gainesville in
Gainesville, Georgia from 1971 to 1981. Oliver then left banking for a two
year period and served as President of Dutch Quality House, a leading
Gainesville food processing company. In 1983 Oliver joined Wachovia Bank as
the City Executive in Gainesville and from 1990 to 1992 he had responsibility
for Wachovia Bank's Northeast Georgia operations.
From 1992 until June of this year, Oliver served as the President and
Chief Executive Officer of Central and Southern Holding Company. On June 23,
1997, Central and Southern Holding Company, Inc. merged with Premier
Bancshares, Inc. and Oliver was appointed as President and Chief Operating
Officer of Premier Bancshares.
Premier Bancshares, Inc. is a bank and thrift holding company with five
subsidiaries operating 24 offices located in the state of Georgia. For copies
of Premier Bancshares' recent press releases and financial reports, contact
Michael E. Ricketson, Chief Financial Officer, at 404-814-3090 or access the
Premier Bancshares Company News Service at http://www.prnewswire.com.
SOURCE Premier Bankshares, Inc.
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CONTACT:
Darrell D. Pittard, Chairman and Chief
Executive Officer, Premier Bancshares, Inc., 404-814-3090
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