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Capitol City Bancshares Inc Announces Management Change-Form 8-K


Tuesday, 15 Oct 2013 11:59am EDT 

Capitol City Bancshares Inc reported in its Form 8-K that effective October 9, 2013, George Andrews resigned as President and Chief Executive Officer of the Company and its subsidiary Capitol City Bank and Trust Company (the Bank). Mr. Andrews has advised the Company that his resignation was not due to any disagreement with the Company. Mr. Andrews will continue as an employee of the Company in a non-executive officer position, concentrating on capital raising initiatives. Effective October 9, 2013, the board of directors appointed John Turner as President and Chief Executive Officer of Capitol City Bank and Trust Company and Interim President and Chief Executive Officer of the Company. Mr. Turner’s interim appointment as an officer of the Company is pending regulatory approval. 

Company Quote

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30 Nov 2011