Posted 04 January, 2023
GRANDSOUTH BANCORPORATION appointed new CEO
CEO Change detected for ticker OTC:GRRB in a 8-K filed on 04 January, 2023.
As of the effective time of the Merger, Mason Y. Garrett, the former Chairman and Chief Executive Officer of the Company and J. Randolph Potter, a former director of the Company, were each appointed to the boards of directors of First Bancorp and First Bank.
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Overview of GRANDSOUTH BANCORPORATION
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. At the effective time of the Merger, all of the directors and executive officers of the Company ceased serving as directors and executive officers of the Company. As of the effective time of the Merger, Mason Y. Garrett, the former Chairman and Chief Executive Officer of the Company and J. Randolph Potter, a former director of the Company, were each appointed to the boards of directors of First Bancorp and First Bank.
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