Capitol City Bancshares Inc: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Wright Reports
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Capitol City Bancshares Inc Announces Management Change-Form 8-K
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.
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