South State Bank named presidents of North Carolina and Virginia, in addition to two regional presidents. The bank continues to build its Commercial and Treasury teams with the addition of six seasoned bankers.
Christopher Hobbs, middle market banker – Raleigh, most recently served as vice president of originations at SunTrust Equipment Finance and Leasing, where he covered the Carolinas and Virginia. Hobbs brings 25 years of asset and equipment finance experience to the South State team.
“Our significant presence in the four states we serve has created the need for increased regional focus, and we continue to attract and promote top talent to serve our commercial and treasury customers,” said Greg Lapointe, South State Bank president.
Robert Cowgill has been named president of Virginia. Since joining South State in 2014, Cowgill has held positions of increasing influence and responsibility within the bank, including Richmond market president.
Jay Reagan has been named president of North Carolina. Reagan has held numerous positions with the bank, including regional president and, most recently, a director position within the Commercial Bank. Reagan worked for BB&T and Carolina First before joining South State in 2006.
Jay Lasater has been promoted to Wilmington region president. Most recently, he was the city executive and commercial banking manager in Columbia. He joined South State in 2013 as a commercial bank executive. Lasater previously served as Midlands regional market president with Synovus.
Dale Zeglin, joins South State as Grand Strand region president. Most recently serving as business banking manager for Wells Fargo, Zeglin has worked in the banking industry since 1984. He began his career as a Bank of America branch manager.
Matt Cotner, middle market banker – Greenville, joined South State in 2019 following five years as commercial banking relationship manager with SunTrust.
Ben Hagood, commercial banker – Anderson, is a 40-year veteran of the financial industry, most recently working as a senior commercial lender with TD Bank.
Derek Raper, middle market banker – Midlands, joins South State after 14 years with Wells Fargo.
Amy Roberts, senior Treasury Management sales officer – Charlotte, brings years of experience with Treasury Management after serving at both JPMorgan Chase and First Citizens Bank and Trust. She earned Top Producer status for five years in a row, followed by Top 10 Producer status for JPMorgan Chase in 2019.
Barrett Slaughter, commercial banker – Grand Strand, was most recently a commercial banking relationship manager at Wells Fargo. He brings decades of experience in private banking and credit, in addition to his experience serving commercial clients’ treasury, deposit, lending, merchant services and practice finance needs.
Commercial lenders will face many new and unique challenges over the coming months as the full effects of the coronavirus pandemic are felt throughout the economy. For commercial customers, cash flow, liquidity and credit tightening dramatically across industries is the... read more
Sale-leasebacks are common in the industry, but these transactions can cause accounting issues under ASC 842. Shawn Halladay outlines the key issues and accounting requirements surrounding this product as well as strategies to overcome potential obstacles. Customers enter sale-leasebacks for... read more