Security Bank Corporation Announces Resignation of James R. McLemore, Jr. and Names...

Mon Jul 6, 2009 4:06pm EDT
 
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Security Bank Corporation Announces Resignation of James R. McLemore, Jr. and
Names Michael B. Smith as Interim Chief Financial Officer

MACON, Ga., July 6, 2009 (GLOBE NEWSWIRE) -- Security Bank Corporation
(Nasdaq:SBKC) today announced that James R. McLemore, Jr. has accepted the CFO
position with another financial institution in the Southeast effective July 13,
2009. Michael B. Smith, Senior Vice President and CFO of Security Bank of Bibb
County, has assumed the CFO function of Security Bank Corporation on an interim
basis.

"Jim has been a valued member of the Security Bank management team for the past
seven years, and we wish him success in his new position," commented Tony E.
Collins, President and CEO. Mr. Collins further stated, "We are fortunate to
have Michael Smith, an experienced financial manager, available to assume Jim's
duties."

About Security Bank Corporation

Based in Macon, Georgia, Security Bank Corporation is a multi-bank holding
company with assets of $2.8 billion at March 31, 2009. Security Bank Corporation
operates six community banks with banking offices located throughout middle
Georgia and north metropolitan Atlanta.

Security Bank Corporation common stock is traded on the NASDAQ Global Select
Market under the ticker symbol "SBKC." You may obtain copies of all documents
that Security Bank Corporation files with the Securities and Exchange
Commission, free of charge, at the SEC's website at www.sec.gov, or on Security
Bank Corporation's website at www.securitybank.net under the "Investor
Information" tab. In addition, copies of this documents may also be obtained
from us without charge by directing a written request to Security Bank
Corporation, 4219 Forsyth Road, Macon, Georgia 31210, Attention: Investor
Relations.

Safe Harbor

Statements contained in this press release that are not historical facts are
forward-looking statements. Forward-looking statements may address issues
involving significant risks, uncertainties, estimates and assumptions made by
management. Security Bank Corporation's ability to accurately project results or
predict the effects of future plans or strategies is inherently limited.
Although Security Bank Corporation believes that the expectations and estimates
reflected in its forward-looking statements are based on reasonable assumptions,
actual results and performance could differ materially from those set forth in
the forward-looking statements. Please refer to Security Bank Corporation's
public filings with the Securities and Exchange Commission for a summary of
important factors and risk factors that could affect Security Bank Corporation's
financial results and operations and its forward-looking statements. You are
cautioned not to place undue reliance on these forward-looking statements.
Security Bank Corporation does not intend, and undertakes no responsibility to
update or revise any forward looking statement, whether as a result of
difference in actual results, changes in assumptions or changes in other factors
affecting such statements, except as required by law.

-0-
CONTACT:  Security Bank Corporation
          Investor Contact:
          Lorraine D Miller, CFA, Senior Vice President
            478.722.6210
          Media Contact:  
          Tom Woodbery, Senior Vice President
            478.796.6007

 

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