Love­lady be­gins role as CEO at First South­ern State Bank

Cherokee County Herald - - NEWS -

STEVEN­SON — Jack Love­lady as­sumed the role of Pres­i­dent and Chief Ex­ec­u­tive Of­fi­cer ef­fec­tive the first of April at the Steven­son- based First South­ern State Bank, fol­low­ing Mike El­len­burg’s re­tire­ment on March 31.

Love­lady also fol­lows his fa­ther, the late Bunn W. Love­lady, who served First South­ern from 1947 un­til his death in 2011. The el­der Love­lady served in many ca­pac­i­ties within the bank, and served as Pres­i­dent and CEO from 1975 un­til 1996 and sub­se­quently as Chair­man of the Board.

In ad­di­tion to its Steven­son base, First South­ern State has of­fices in Cen­tre, Scotts­boro, Hig­don, Leesburg, Rainsville, North Fort Payne and South Fort Payne.

A na­tive of Steven­son, Jack Love­lady is a 1977 grad­u­ate of Steven­son High School and a 1981 grad­u­ate of the Univer­sity of Alabama, where he earned his Bach­e­lor of Sci­ence de­gree in Fi­nance. In 1993, Love­lady com­pleted stud­ies at the Grad­u­ate School of Bank­ing, con­ducted at Louisiana State Univer­sity.

Dur­ing sum­mers fol­low­ing his high school grad­u­a­tion, Love­lady worked in nu­mer­ous de­part­ments within the bank, start­ing in Book­keep­ing and as a teller. Upon earn­ing his col­lege de­gree, he gained ex­pe­ri­ence work­ing with the First Na­tional Bank of Birm­ing­ham/AmSouth prior to join­ing First South­ern State Bank in 1988. Since that time, he has served as As­sis­tant Vice Pres­i­dent and Loan Of­fi­cer, Vice Pres­i­dent and, just prior to his be­ing named Pres­i­dent, Se­nior Vice Pres­i­dent.

In 2002, he was elected to the Board of Di­rec­tors of both the bank and its hold­ing com­pany, First Banc­shares of Steven­son, serv­ing as Sec­re­tary to both Boards.

Love­lady earned the rank of Ea­gle Scout and is a mem­ber of the Scotts­boro Ro­tary Club and Scotts­boro Cum­ber­land Pres­by­te­rian Church. He is mar­ried to the for­mer El­iz­a­beth Find­lay of Tuscaloosa and they have two chil­dren: Thomas Camp­bell Love­lady and Sara Love­lady.

“First South­ern has been a part of my per­sonal and pro­fes­sional life for many years,” Love­lady said. “I wel­come this op­por­tu­nity to con­tinue the growth and pros­per­ity of the bank along with our wealth of good bankers, with ap­pre­ci­a­tion to Mike El­len­burg for his many years of lead­er­ship.”

Jack Love­lady

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