Joseph Rheaves Joins SouthCrest Bank as Head of Commercial Banking Team

PEACHTREE CITY, Ga., March 4, 2013 (GLOBE NEWSWIRE) -- Kenneth H. Maloy, President and CEO of SouthCrest Financial Group, Inc., announced today that Joseph V. Rheaves has joined the company as Senior Vice President and head of the Commercial Banking team. "Joseph has spent the past 20 years lending, and developing commercial lenders and sales teams throughout Atlanta and the southeastern U.S.," said Mr. Maloy. "The addition of Joseph to the SouthCrest team better positions the bank to capitalize on the opportunities in the Fayette and Coweta markets, as well as surrounding counties."

Rheaves most recently served as the Southeast SBA Regional Sales Manager for Wells Fargo Bank. Under his leadership, the business development team supported 135 bankers across four states for SBA lending and other commercial loan products. Rheaves' commercial banking experience also includes serving as Business Service Officer for Branch Banking and Trust Company, where he managed a $130 million loan portfolio, and eight years at SunTrust Bank where he held various positions and was named a top small business banker in Georgia.

SouthCrest Bank is a member of the SouthCrest Financial Group (OTCBB:SCSG) family of community banks, which, headquartered in Peachtree City, Georgia, operates 14 offices throughout Georgia and Alabama. The banks provide retail and commercial banking services, mortgage banking, investment management, and online banking services.

CONTACT: Joseph Rheaves, 678-734-3520Source:SouthCrest Financial Group, Inc.