McRae named Pres., CEO of Commercial Bank and Trust -, GA News Weather & Sports

McRae named Pres., CEO of Commercial Bank and Trust

Press Release

Carmichael named Executive Vice President and Regional COO for Synovus

COLUMBUS, GA - Synovus (NYSE: SNV), the Columbus, Georgia-based financial services company, announced the appointment of William F. "Frank" McRae to the position of President and CEO of Commercial Bank and Trust in LaGrange, Georgia.

Robert L. "Bobby" Carmichael, former President and CEO of Commercial Bank and Trust, has been named Regional COO for Synovus' Central Region.

"Frank is a long-term community leader and a well-respected banker in the West Georgia market," said Steve Melton, Synovus Regional CEO. "We look forward to the continued success of the Commercial Bank and Trust team under his guidance. We are also fortunate to have a leader with Bobby's experience and knowledge available to transition into a new regional role at Synovus."

McRae has been with Commercial Bank and Trust Bank for 29 years, joining the bank as Vice President/Branch Manager in 1980. In 1985, he was promoted to Senior Vice President and was selected as Executive Vice President and Chief Credit Officer in 1990.

McRae has served as Chairman of the LaGrange/Troup County Chamber of Commerce, President of the LaGrange Cancer Society and LaGrange Heart Association. He currently serves as Chairman of the Troup County Parks & Recreation Commission and on the Church Council of First United Methodist Church. McRae is a graduate of Georgia Southern University with a BBA degree in Finance, and he completed the Stonier Graduate School of Banking.

Carmichael began his career with Synovus in 1980 as Vice President of Sumter Bank and Trust in Americus, Georgia. In 1990, he was promoted to President of CB&T in Manchester, Georgia and was named President and CEO of Commercial Bank & Trust in 1991.

He will continue as Chairman of the Board of Directors of Commercial Bank and Trust in addition to his new COO role in the Central Region, which includes CB&T of Middle Georgia in Warner Robins; CB&T of East Alabama in Phenix City; CB&T in LaGrange; and CB&T in Columbus.

Source: Synovus

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