Annual shareholders meeting hosted by First State Bank
Posted: Monday, March 16, 2009 10:03 am
The Messenger 03.16.09
First State Bank recently hosted its annual shareholders meeting of Community First Bancshares Inc.
R. Newell Graham, chairman of the Community First Bancshares board of directors, called the meeting to order, declared a quorum for business and welcomed all guests.
John C. Clark, president and CEO of Community First Bancshares, reported an overview of the performance and financial trends of First State Bank during 2008. He acknowledged the financials having exceeded $1.2 billion in total assets and also emphasized the daily emphasis on customer service.
Clark continued his comments by outlining the measures of success over the past year with increases in quality loans and shareholder equity. He also recognized the strong contributions of the divisions and subsidiaries of the corporation namely First State Mortgage, First Auto, First State Insurance, First State Finance, First State Ag Services and First State Investment Center.
Shareholders elected as directors of Community First Bancshares for the next 12 months included Chris Bell, Bob Cartwright, John C. Clark, David Critchlow Jr., Nick Dunagan, Keith Fowler, Graham, Tony Gregory, Chris Kirkland, Mike McWherter, John Miles, Terry Oliver, Jeff Perkins, Joe Porter, Bill Simrell, Mike Swaim, Will Wade, Bart White and Jimmy R. White.
Clark expressed appreciation to the owners and employees for the support and contributions made throughout the years that enabled the company to serve throughout Tennessee since 1887 and emphasized the company’s continue focus on growth and profit improvement opportunities.
R.D. Robinson was recognized at the meeting for his 20 years of service and was presented a plaque due to his retirement from the board.
The plaque was presented by Clark on behalf of First State, thanking him for him many years of leadership.
Robinson was also commended and recognized for his community involvement and support throughout the years.
annual shareholders meeting, Community First Bancshares Inc., First State Bank, John C. Clark, R. Newell Graham, R.D. Robinson