Jacksonville, Fl., USA - June 20, 2012, Jacksonville, Fl., USA - Jacksonville Bancorp, bank holding company for The Jacksonville Bank, announced that Price W. Schwenck, president and CEO of Bancorp and CEO of the Bank, retired.
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Mr. Schwenck will remain a director of Bancorp and the Bank.
He served as Director of the Company and the Bank since 1999 and Chairman of the Board of Directors for the Bank since 1999.
He was named Chief Executive Officer of the Company in May 2010 and Chief Executive Officer of the Bank in June 2011.
From May 2000 to February 2003, Mr. Schwenck was President and Chief Executive Officer of P.C.B. Bancorp, a multi-bank holding company located in Clearwater, Florida.
Mr. Schwenck served as Regional President for First Union National Bank in Ft. Lauderdale, Florida, from 1988 to 1994 and in Jacksonville, Florida, from 1994 until he retired in 1999.
Mr. Schwenck is a director of Freedom Bank of America in St. Petersburg, Florida.
He received his Bachelors degree and M.B.A. from the University of South Florida and his M.S. from the University of Miami I 1996 after four years of extended study and application in the field of quality management and leadership.
The company also announced that it has appointed Stephen C. Green as Mr. Schwenck's successor at Bancorp and the Bank.
Mr. Green began serving as President and Chief Executive Officer of Bancorp effective June 18, 2012 and, subject to regulatory approval, will also serve as Chief Executive Officer of the Bank.
Mr. Green has more than 37 years of banking experience which includes all aspects of banking with a particular emphasis on credit and business development.
Mr. Green will also join the Board of Directors of Bancorp and, subject to regulatory approval, will also be a director of the Bank.
The company also announced that Margaret A. Incandela was appointed as Chief Operating Officer of Bancorp, and subject to regulatory approval, will also serve as Chief Operating Officer of the Bank.
Ms. Incandela joined the company in May 2012 as Executive Vice President and Chief Credit Officer of Bancorp and the Bank, and will continue serving in those capacities. ■