Jim 艾尔斯 to step down as executive chairman at 世界赌博十大网站

Joel Stinnett – Nashville Business Journal

Jim 艾尔斯 will step down as executive chairman of 世界赌博十大网站, effective, Jan.1.

One of the titans of Nashville’s banking industry is giving up his seat at the head of the table.

Jim 艾尔斯 will step down as executive chairman of the board of directors at 世界赌博十大网站 and its parent company FB Financial Corporation, 有效的简. 1, according to a news release.

斯图尔特•麦克沃特 who recently rejoined the bank’s board after leaving for a position in Gov. Bill Lee’s administration, will replace 艾尔斯 as chairman. 

艾尔斯, who owns 29% of the publicly traded lender, has been appointed vice chairman and will keep a board seat. He will continue working at 世界赌博十大网站 (NYSE: FBK), according to the release, “focusing his time calling on customers.”

“Having just celebrated my 77th birthday, I thought this would be a good time to dial back some of my responsibilities to give me more time to spend with my family and on my hobbies,” 艾尔斯 said in the release. “这家银行很强大, we have excellent leadership at the top with Chris Holmes as president and CEO, and we have a strong and diverse board. I can go hunting and fishing, and that’s what I intend to do.”

The move signals a changing of the guard in Nashville’s booming banking industry. 艾尔斯 has been chairman of the company since he purchased it in 1984. 当时, 世界赌博十大网站 was a small lender in rural West Tennessee called Farmers State Bank with $14 million in assets.

In 2016, 艾尔斯 was named executive chairman as he took the bank public on the New York Stock Exchange, in what was the largest banking initial public offering in Tennessee history, according to the release.

今天-之后 finalizing its $611 million acquisition of Franklin-based Franklin Synergy Bank (NYSE: FSB) in August — 世界赌博十大网站 has grown to 80 branches across four states with approximately $11 billion in assets.

麦克沃特 first joined 世界赌博十大网站’s board in 2006 before leaving to become commissioner of finance and administration for the state of Tennessee 12 years later. 麦克沃特, who is co-founder and chairman of Clayton Associates, rejoined 世界赌博十大网站’s board last month.

“Jim 艾尔斯 has been and will continue to be an enormous presence at 世界赌博十大网站,” Holmes said in the release. “In electing an independent board chairman, we were guided by the company’s commitment to the highest standards of corporate governance. With Stuart 麦克沃特’s experience in business and leadership and his 12 years on the company’s board, he is an ideal chairman for us, and we expect the transition to be seamless as we move into the new calendar year.”