Flagship Financial institution Appoints President James Nelson to High Management Place Following Retirement of CEO Robert McGivney
CLEARWATER, Fla., June 9, 2023 – Flagship Financial institution, a subsidiary of West Florida Financial institution Company, at the moment introduced that James Nelson, the financial institution’s president, chief working officer, and chief credit score officer, has been appointed by the board of administrators to imagine the function and duties of Flagship’s high management place following the retirement of present CEO Robert McGivney, who will proceed to function a director for Flagship Financial institution and West Florida Financial institution Company.
“We’re extraordinarily lucky to transition from one seasoned govt to a different and keep sturdy continuity in our financial institution’s management,” mentioned Paul J. Wikle, chairman, West Florida Financial institution Company. “With over 45 years of banking expertise, Jim is an incredible alternative for main our financial institution into the long run. He has been a key chief on our govt group because the starting, and we’re assured that he’ll proceed constructing on our previous success.”
In early 2019, McGivney, after a 50-year-plus banking profession, and Wikle led a bunch of bankers and buyers in forming West Florida Financial institution Company. In October of that yr, after elevating over $37 million and gaining practically 300 new shareholders, the group bought Flagship Neighborhood Financial institution and commenced working the financial institution underneath the title of Flagship Financial institution. McGivney and Wikle, together with Nelson, have grown the financial institution from two department workplaces, in Clearwater and Oldsmar, to 6 department places, together with in St. Petersburg, Largo, West Pasco, and Tarpon Springs. In addition they have overseen the expansion of financial institution belongings from $129,400,000 to $588,200,000.
“The Tampa Bay space is constant to expertise a interval of profound development requiring larger and extra diversified banking providers,” mentioned Nelson. “We’re privileged to serve this demand with not solely the most recent applied sciences for straightforward and safe banking, but in addition a extremely customized neighborhood banking expertise, which has at all times been on the core of our tradition.”
“We’re perpetually grateful to Bob for his years of service and the important function he’s performed in founding and rising our financial institution, and we sit up for a brand new period of management and development with Jim,’’ Wikle mentioned.
About Flagship Financial institution
Flagship Financial institution (member FDIC) is a Bauer 5-star rated neighborhood financial institution, based by an area board of administrators, owned by native shareholders, and operated by seasoned, native bankers. With branches in St. Petersburg, Clearwater, Largo, Tarpon Springs, Oldsmar, and West Pasco, the financial institution is concentrated on serving the entrepreneurs, professionals, and residents within the Tampa Bay space. Flagship Financial institution supplies a full vary of monetary providers together with enterprise banking, private banking, and Treasury Administration. Discover Flagship Financial institution on the internet at www.flagshipbank.com.
About West Florida Financial institution Company
West Florida Financial institution Company is a Florida Company and the father or mother financial institution holding firm for Flagship Financial institution, a Florida-chartered business financial institution headquartered in Clearwater, Florida.
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