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Financial Services >> CEO Interviews >> January 30, 2015

Interview with the CEO and the EVP and CFO: Park Sterling Corporation (PSTB)

James C. Cherry
James C. Cherry, 63, has served as Chief Executive Officer of Park Sterling Corporation since its formation and of the bank since its public offering. He retired as the Chief Executive Officer for the Mid-Atlantic Banking Region at Wachovia Corporation in 2006, and previously served as President of Virginia Banking, Head of Trust and Investment Management, and in various positions in North Carolina banking including Regional Executive, Area Executive, City Executive, Corporate Banking and Loan Administration Manager, and Retail Banking Branch Manager for Wachovia. Mr. Cherry was formerly Chairman of the Virginia Bankers Association. He is currently a director of Armada Hoffler Properties Inc., a Virginia-based publicly traded real estate investment trust, and is formerly a trustee of the Virginia Museum of Fine Arts and a director of Sigma Nu Educational Foundation, Inc. Mr. Cherry’s extensive experience in commercial and retail banking operations, credit administration, product management and merger integration at Wachovia, which was focused in the Carolinas and Virginia, provides the board of directors with significant expertise important to the oversight of the company and expansion into its target markets. Mr. Cherry has been a director of the company — or, prior to the company’s formation as holding company, the bank — since the public offering. Profile
David L. Gaines
David L. Gaines, 54, has been Executive Vice President and Chief Financial Officer of Park Sterling Corporation since its formation, and Executive Vice President and Chief Financial Officer of the bank since its public offering. He was the Deputy and then Chief Risk Officer for Corporate and Investment Banking at Wachovia Corporation from September 2001 to November 2006. Prior to that, he was Senior Vice President and Comptroller of Wachovia Corporation from July 2000 to September 2001. Other Wachovia experiences include the coordination of the Merger Integration Project Office for the Wachovia-First Union merger, leadership of risk management for Wachovia Capital Markets and U.S. Corporate Banking, and various geographically based relationship-management positions. Mr. Gaines has over 25 years of banking experience. Profile
TWST: Can you provide a quick overview of the bank?

Mr. Cherry: The original Park Sterling was started in 2006 by Bryan Kennedy, who is currently our President. Bryan raised $45 million

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