CHATTANOOGA, Tenn., Feb. 6, 2006 (PRIMEZONE) -- First Security Group, Inc. (Nasdaq:FSGI), a community bank holding company serving middle and eastern Tennessee and northern Georgia and parent company for FSGBank, N.A, is pleased to announce the addition of two seasoned executives to Jackson Bank & Trust, the newest member of the FSGBank family of regional community banks. Jimmy K. Hull will serve as regional president, and Howard B. Bilbrey will serve as a vice president of lending.
Rodger Holley, First Security's Chairman, President and CEO, commented, "We are pleased to add this experienced team to our Cookeville staff. Jackson Bank & Trust represents FSG's first entry into the fast-growing I-40 corridor between Nashville and Knoxville, and we wanted a team to match the potential we see in this market. We are confident that Jimmy and Howard will distinguish themselves as lenders and as community leaders, and will enhance the reputation of First Security in this market."
Mr. Hull has fifteen years of banking experience in the Cookeville market, where he is involved in many community volunteer and leadership positions. He earned a degree in business from Tennessee Tech University, and is a graduate of the Graduate School of Banking of the South.
Mr. Bilbrey, a native of Cookeville, has over twenty-two years of banking experience. He has served in various capacities over the years in Cookeville's many community and philanthropic organizations.
About First Security Group, Inc.
First Security Group, Inc. is a bank holding company headquartered in Chattanooga, TN with $1.0 billion in assets. Founded in 1999, First Security's community bank subsidiary, FSGBank, N.A. has 37 full-service banking offices along the interstate corridors of middle and eastern Tennessee and northern Georgia. In Dalton, GA, FSGBank operates six full-service banking offices under the name of Dalton Whitfield Bank and two offices under the name Primer Banco Seguro (PBS); PBS serves the region's rapidly growing Latino population. FSGBank also operates under the name of Jackson Bank & Trust along the I-40 corridor. FSGBank provides retail and commercial banking services, trust and investment management, mortgage banking, asset-based lending, financial planning, Internet banking (www.FSGBank.com) and equipment leasing through its wholly-owned subsidiaries, Kenesaw Leasing, Inc. and J & S Leasing, Inc.
The First Security Group, Inc. logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=1833
Forward-Looking Statements
This news release contains comments or information that constitute forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the results expressed in forward-looking statements. Factors that might cause such a difference include changes in interest rates and interest rate relationships; demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking regulation; changes in tax laws; changes in prices, levies, and assessments; the impact of technological advances; governmental and regulatory policy changes; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; changes in the national and local economy; and other factors, including risk factors, referred to from time to time in filings made by First Security with the Securities and Exchange Commission. First Security undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise.