TC Bancshares, Inc. and TC Federal Bank Appoints Scott Mac Mclean as Chief Financial Officer
May 22, 2023 at 05:01 pm EDT
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In connection with Linda Palmer's previously announced retirement, on May 18, 2023, the Board of Directors of TC Bancshares, Inc. (the Company) appointed Scott Mac McLean as Chief Financial Officer and assistant secretary of the Company and TC Federal Bank. Prior to joining the Company, Mr. McLean, age 59, previously served as the Executive Vice President and Chief Financial Officer of Union Bank from March 2018 through its merger with FNB Corporation in December 2022. From October 2012 to March 2018, Mr. McLean served as the Executive Vice President and Chief Financial Officer of First South Bank.
In addition, Mr. McLean was a commissioned bank examiner with the Federal Reserve system and is a certified public accountant. Mr. McLean does not have a family relationship with any director or executive officer of the Company or person nominated or chosen by the Company to become a director or executive officer, and there are no arrangements or understandings between Mr. McLean and any other person pursuant to which Mr. McLean was selected to serve as Chief Financial Officer of the Company.
TC Bancshares, Inc. is a bank holding company. The Company, through its subsidiary TC Federal Bank (the Bank), operates a chartered savings bank. The Bankâs business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations in one-to-four family residential real estate loans, commercial real estate and multi-family loans, acquisition, development and land loans, commercial and industrial loans, home equity loans and lines of credit and consumer loans. It conducts its business from its main office in Thomasville, Georgia as well as additional branch banking locations in Tallahassee, Florida and new branch locations in Jacksonville, Florida and Savannah, Georgia. Its investment portfolio includes United States treasury securities; securities issued by the United States government and its agencies or government sponsored enterprises, including mortgage-backed securities and collateralized mortgage obligations.