China Vanke Seeks Bond Extension Amid Mounting Debt Crisis 
LG Electronics Posts Record Q1 Revenue Amid Strong Demand and Cost Improvements 
Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers 
Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions 
Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand 
Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push 
U.S. Automakers Push Back Against EU Rules Blocking American Trucks from European Market 
Pershing Square Bids €30.40 Per Share to Acquire Universal Music Group in $9.4B Deal 
Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk 
Fonterra Admits Anchor Butter "Grass-Fed" Label Misled Consumers After Greenpeace Lawsuit 
Annie Altman Amends Sexual Abuse Lawsuit Against OpenAI CEO Sam Altman 
Trump Administration Plans 100% Tariffs on Pharmaceutical Imports 
Tesla Q1 2026 Deliveries Miss Estimates as AI Strategy Takes Center Stage 
Deere & Company Agrees to $99 Million Settlement Over Right-to-Repair Dispute 
First Western Ship Transits Strait of Hormuz Since Iran War Began 
SpaceX IPO: Retail Investors to Play Historic Role in Record-Breaking Public Offering 
ATLANTA, Jan. 27, 2017 -- Brian D. Schmitt, Chief Executive Officer of SouthCrest Financial Group, Inc. (SCSG:PK), announced today the company has leased offices in Midtown Atlanta and will relocate its corporate and banking headquarters there, pending regulatory approval. The moves are key elements in the company’s strategy to become a dominant provider of commercial banking services in the Atlanta region.
Plans call for relocation to the Federal Home Loan Bank of Atlanta building at 1475 Peachtree St. NE 30309 from the bank’s headquarters in Tyrone, GA, and the corporate headquarters in Woodstock, GA, following regulatory approval and completion of construction.
The moves follow the announcements by Schmitt last fall of the sale of SouthCrest Financial Group’s two bank branches in Alabama and the appointments of leading Atlanta executives Daniel G. Broos and George T. Hovis to its board of directors.
“These strategic initiatives and others we are planning are designed specifically to develop our capabilities and bench strengths for solid, sustained growth in the Atlanta metro area,” commented Schmitt, a veteran banker known for planning and executing successful growth initiatives.
“Our highly visible presence and prime location in the Federal Home Loan Bank building at the busy intersection of Peachtree and West Peachtree Streets not only provides us with an immense marketing benefit, but sends a clear message that SouthCrest wants to be top-of-mind when businesses need a trusted banking partner with more than a century of service under its belt.”
ABOUT SOUTHCREST
SouthCrest Financial Group, Inc. is a $550 million asset bank holding company headquartered in Woodstock, Ga. The company operates a 10 branch network throughout Georgia and Alabama through its subsidiary bank, SouthCrest Bank, N.A. The bank provides a full suite of retail and commercial banking services, and online banking services.
FORWARD LOOKING STATEMENTS
This presentation may contain certain “forward-looking statements” that are subject to risks, uncertainties, and other factors that could cause actual results and shareholder values to differ materially from those projected. Factors that could cause or contribute to such differences include economic conditions, government regulation and legislation, changes in interest rates, credit quality, competition, and other risk factors. For more information on SouthCrest Financial Group, please contact Andy Borrmann, Chief Financial Officer, at 678.734.3505.
Media Contact: Andrew Bowen, APR [email protected] 404-822-3309
