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Executive Officers

J. Grey Morgan, Chairman of the Board
Mr. Morgan serves as our Chairman of the Board, Chief Executive Officer, Vice Chairman of the Executive Committee, and Vice Chairman of the Executive Committee of Southern Bank and Trust Company. Previously he served as the Regional Executive of the South Region of the Bank. He has been with the Bank since 2002.
Drew M. Covert, President of BancShares
Mr. Covert serves as our President and as the Bank's President and Chief Operating Officer. Previously, he served as Executive Vice President of the Bank and as a Bank Examiner for the Federal Deposit Insurance Corporation from 1991 until 1998.

David A. Bean, Secretary, Treasurer and Chief Financial Officer

David A. Bean serves as our Secretary, Treasurer and Chief Financial Officer and as Executive Vice President, Chief Financial Officer, and Secretary of the Bank. He has been employed by the Bank for 30 years.
Michael T. Bryant, Vice President

Michael T. Bryant serves as our Vice President and as Executive Vice President and Area Executive for the Northwest Region of the Bank. He has been with the Bank since 1985.
R.D. Ray, Vice President

Richard D. Ray serves as our Vice President and as Executive Vice President of the Bank. He previously served as Senior Vice President of the Bank until 1998 and as Regional Vice President until 1993. He has been employed by the Bank for 38 years.

General Board of Directors

J. Grey Morgan, Chairman of the Board
Chairman of the Board, Chief Executive Officer, Vice Chairman of the Executive Committee, and Vice Chairman of the Executive Committee of Southern Bank and Trust Company.
Bynum R. Brown
Murfreesboro, N.C.
President, Bynum R. Brown Agency, Inc.
President, Brown Manor, Inc.
Secretary-Treasurer, Roanoke Valley Nursing Home, Inc.
William H. Bryan
Mount Olive, N.C.
President, Director and Treasurer, Mt. Olive Pickle Company, Inc.
Robert J. Carroll
Gates, N.C.
Retired; former President and owner Carroll's Garage, Inc.
Hope H. Connell
Raleigh, N.C.
Executive Vice President
First-Citizens Bank & Trust Company
J. Edwin Drew
Macclesfield, N.C.
Retired Physician, former President J. Edwin Drew, M.D., P.A.
Moses B. Gillam, Jr.
Windsor, N.C.
Attorney, Senior Partner, Gillam and Gillam
Frank B. Holding
Smithfield, N.C.
Executive Vice Chairman of the Board
First-Citizens Bank & Trust Company and
First Citizens BancShares, Inc.
G. Rouse Ivey
Mount Olive, N.C.
Farmer
M.J. McSorley
Rocky Mount, N.C.
Former Vice President, Southern BancShares (N.C.), Inc.
and former President and CEO, Southern Bank
John C. Pegram, Jr.
Mount Olive, N.C.
Former Chairman of the Board and former President and Chief Executive Officer of Southern BancShares (N.C.), Inc. and Southern Bank
W.A. Potts
Mount Olive, N.C.
Retired Veterinarian
Charles O. Sykes
Mount Olive, N.C.
President, Mount Olive Livestock Market, Inc.


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