Everett Stiles Retires from Macon Bank
Macon Bank Presi-dent and CEO Everett Stiles has announced his decision to retire. Edward Shatley, Chairman of Macon Bank, has been named interim President and CEO.
“This is clearly a time of transition for Macon Bank, but in the past 82 years, Macon Bank has come through many transitions,” explains Shatley. “Everett’s contributions to the bank are immeasurable. We wish him every success in his future. Now, its time for all of us to move forward.”
Stiles said that he and his family are happy to have the opportunity to spend more time together. He also commented on his tenure with the bank.
“I am pleased to have led the bank from six employees in the beginning to more than 200 today, at what I believe is a superior place to work. Under my leadership, Macon Bank has grown from a tiny bank with $20 million in assets to over $774 million and is the largest independent bank still remaining in Western North Carolina,” said Stiles.
“The size means merely being a more effective economic engine for the people of the area. I look forward to watching the bank continue to succeed under the leadership that I have put in place.”
The board of directors will review plans for the bank’s future and finalize the working business plan. The directors say they will evaluate all options prior to appointing a new CEO.
In a letter to employees, the directors expressed their appreciation for the strength and commitment that bank employees have shown for the organization.
“Our customers can be assured that the good of the bank is always our top priority,” said Shatley. “We have a strong organization, devoted staff and board members that care about the bank. We have a very bright future, indeed.”
Macon Bank, Inc. is a North Carolina-chartered, locally-owned and operated financial institution that focuses on full-service banking, including small business customers. The bank operates nine offices in Western North Carolina. On April 1, 2004, the bank reported $774 million in assets and 203 employees.