Southern Community Bank
Nasdaq: SCMF
Price $2.01
Change + 0.01
Volume 10,000
Nov 20, 2009 - 4:00 PM ET
 
 Equal Housing Lender : Member FDIC

Management

F. Scott Bauer
Chairman of the Board, Chief Executive Officer
F. Bauer

In creating the model for what would become Southern Community, Scott Bauer drew from extensive experience. A native of Winston-Salem, Bauer graduated from the University of North Carolina at Chapel Hill with a B.S. degree in Business Administration and later received a Master's degree in banking from the prestigious Stonier Graduate School of Banking at the University of Delaware. He spent the first five years of his banking career at Wachovia Bank before joining Northwestern Bank as a commercial banker. After Northwestern was acquired by First Union, he continued to sell corporate services to middle-market companies. In 1989, Bauer moved to Southern National Bank and later became the bank's city executive in Winston-Salem. Shortly after Southern National Bank was acquired by BB&T, Bauer resigned to devote his time to forming Southern Community

Holdings: 216,065 shares     View Transactions
Date Type Shares Traded Price Range
Nov 17, 2009 Buy 1,000 1.99
Nov 2, 2009 Buy 500 2.30
Sep 24, 2009 Buy 1,000 2.74
Sep 2, 2009 Buy 500 2.54
Aug 11, 2009 Buy 500 3.09
Jul 29, 2009 Buy 500 2.98
Nov 21, 2008 Buy 2,000 3.14
Apr 30, 2008 Option Execute 18,676 4.82
Jun 1, 2007 Sell 3,200 9.50
May 31, 2007 Sell 200 9.50
May 30, 2007 Sell 2,000 9.50
May 22, 2007 Sell 4,500 9.74
May 21, 2007 Sell 11,300 9.75 - 9.80
May 21, 2007 Option Execute 11,300 3.45
May 18, 2007 Sell 1,400 9.78
May 18, 2007 Option Execute 4,400 3.45
May 17, 2007 Sell 3,800 9.75 - 9.80
May 17, 2007 Option Execute 3,800 3.45
May 16, 2007 Sell 2,316 9.77 - 9.80
May 16, 2007 Option Execute 2,316 3.45
May 8, 2007 Sell 9,100 9.95 - 10.00
May 8, 2007 Option Execute 9,100 3.45
Jeffrey T. Clark
President
Jeffrey Clark

Jeff Clark, one of the original 13 employees, became President of Southern Community Bank and Trust in 2001 and President of Southern Community Financial Corporation in 2004. A native of Winston-Salem, he received a degree in Business Administration from High Point University. After participating in NationsBank's commercial lending training program in 1988, he became an Assistant Vice President and Commercial Lending Officer. In 1991, he left to join Southern National Bank, where he was named top commercial lending officer in 1994. He worked for BB&T after it acquired Southern National, leaving in 1995 to become Vice President of Sheffield Financial Corporation. He is a graduate of the Master's program at the Stonier School of Banking and the North Carolina Bank Directors College.

Holdings: 42,900 shares     View Transactions
Date Type Shares Traded Price Range
May 2, 2007 Sell 20,342 9.95 - 10.01
May 2, 2007 Option Execute 19,106 4.04 - 4.82
James Hastings
Executive Vice President, Chief Financial Officer
James Hastings

Jim Hastings provides Southern Community with extensive experience in financial management and executive leadership roles. After beginning his career in Boston with Arthur Andersen, Jim progressed through a number of accounting and financial positions with Seafirst Corporation and its subsidiary, Seattle-First National Bank. In 1985, he joined Heritage Bank and served as its Chief Financial Officer for 14 years. Jim has held executive operating roles as the Director of Mortgage Banking at Cape Cod Five Cents Savings Bank and as President and CEO with Federal Savings Bank in New Hampshire. He has a Masters in Business Administration in Finance from the University of Washington and an undergraduate degree in Accounting from the University of Notre Dame. He is licensed as a Certified Public Accountant.

Holdings: 16,850 shares     View Transactions
Date Type Shares Traded Price Range
Nov 2, 2009 Buy 500 2.30
Oct 30, 2009 Buy 500 2.45
Oct 29, 2009 Buy 137 2.48
Sep 23, 2009 Buy 500 2.66 - 2.67
Sep 2, 2009 Buy 1,000 2.50
Aug 27, 2009 Buy 500 2.72
Aug 24, 2009 Buy 500 2.85
Aug 19, 2009 Buy 1,000 3.00
Aug 11, 2009 Buy 500 3.00
Nov 28, 2008 Buy 100 3.50
Nov 26, 2008 Buy 200 2.60
Nov 25, 2008 Buy 300 3.15
Jul 30, 2008 Buy 500 5.21
Jul 29, 2008 Buy 500 5.00
May 29, 2008 Buy 400 6.95 - 6.99
May 27, 2008 Buy 600 6.75 - 7.19
May 19, 2008 Buy 200 7.25
Mar 31, 2008 Buy 200 7.50
Mar 27, 2008 Buy 1,000 7.78
Mar 26, 2008 Buy 401 7.56 - 7.57
Mar 19, 2008 Buy 1,400 7.35 - 7.47
Mar 18, 2008 Buy 600 7.25 - 7.33
Mar 17, 2008 Buy 500 7.30 - 7.35
Mar 13, 2008 Buy 3,032 7.00 - 7.21
Jan 22, 2008 Statement of Ownership 0 n/a
James C. Monroe
Senior Vice President & Treasurer
James Monroe

Jim Monroe joined Southern Community as Treasurer in 2007 after spending seven years performing similar functions at The South Financial Group in Greenville, South Carolina. Mr. Monroe acted as Interim Chief Financial Officer for most of 2007. He is a graduate of The Citadel in Charleston, South Carolina.

Holdings: 7,285 shares     View Transactions
Date Type Shares Traded Price Range
Nov 17, 2009 Buy 1,000 1.98
Jan 16, 2008 Acquisition (Non Open Market) 1,000 n/a
Dec 19, 2007 Buy 1,000 6.55 - 6.56
Jul 30, 2007 Buy 1,000 7.88 - 7.98
May 23, 2007 Statement of Ownership 0 n/a
Merle B. Andrews
Executive Vice President, Senior Operating Officer
Merle Andrews

Ms. Andrews left Wachovia Bank in 1987 to help form The Community Bank in Pilot Mountain. As Chief Financial Officer, she was responsible for operations and personnel and was elected to the Board of Directors in 1990. She is Vice President of the Surry County Arts Council and serves on the Lay Advisory Board of the Comprehensive Cancer Center at WFU Baptist Medical Center and the Winston-Salem Chamber of Commerce Board of Directors. At Southern Community, she has been named head of operations and personnel. Ms. Andrews is a graduate of Wake Forest University and the University of Colorado Graduate School of Banking.

Robert L. Davis
Executive Vice President, Commercial Banking Executive
Robert Davis

As a life-long resident of Winston-Salem and one of the founding employees of Southern Community, Rob Davis has served as Executive Vice President since 2003. In the banking industry for more than 20 years, Rob began his career as a commercial lender with Southern National Bank, joining Southern Community in 1996 as Vice President of Commercial Lending. He earned a degree in Business and Economics from North Carolina State University and is a 2004 graduate of The Graduate School of Banking at Louisiana State University.

Paul E. Neil, III
Executive Vice President, Chief Credit Officer
Paul Neil, III

With more than 20 years of banking experience, Paul Neil manages the Credit Administration and Risk Management functions for the Bank, reviewing and approving commercial and consumer loan portfolios. He is a vice president of the Triad Risk Management Association, and has earned Credit Risk Certification from that organization. Mr. Neil is a graduate of Wofford College.