TALLAHASSEE, Fla., Aug. 25, 2022 (GLOBE NEWSWIRE) — Capital City Bank Group, Inc. (NASDAQ: CCBG) today announced that effective January 1, 2023, Jep Larkin will be named Executive Vice President and Chief Financial Officer to succeed J. Kimbrough Davis, who has elected to retire after 41 distinguished years with the company. Mr. Davis will continue in his current role until December 31, 2022, while ensuring a smooth transition of responsibilities to Mr. Larkin.
Mr. Larkin, 58, joined Capital City in 1986 and has worked closely with our Chief Financial Officer throughout his career. He is currently the first vice-president and controller of the CCBG and a member of the management committee. After holding various credit positions early in his career and leading CCBG’s internal audit division from 1992 to 2002, he was appointed controller of our banking subsidiary, Capital City Bank, where he served until 2021.
“Jep has earned the respect of the Capital City team over his 36 year career and more recently has been involved with both the investment and analyst community as Capital City prepares for the future. . Among his many talents, Jep brings dedication, continuity and thoroughness to an essential role at Capital City. I look forward to having Jep as a senior partner on our team,” said William G. Smith, Jr., Chairman, President and Chief Executive Officer of Capital City Bank Group.
In addition to his role as controller, Mr. Larkin has held various management positions. He is responsible for the financial performance group within the strategic planning committee, chairs the market risk monitoring committee and is a member of the assets/liabilities committee. He assists managers in the evaluation and financial analysis of business line initiatives and acquisitions and oversees the integration of accounting and financial reporting for the company’s mergers and acquisitions activity. Mr. Larkin is a Certified Public Accountant Chartered in Florida and Georgia. He holds undergraduate and graduate degrees (MBA – major in finance) from Florida State University and is a graduate of the Stonier School of Banking.
Mr. Davis, 68, joined Capital City in 1981 and has had an exemplary career. He is a member of the general management and is its chief financial officer and secretary general. He has served as CCBG’s Chief Financial Officer since 1987 and was named Executive Vice President and Chief Financial Officer in 1997. As Chief Financial Officer, he oversees the financial management division, which includes accounting, financial reporting, investments and asset/liability management. Additionally, he is responsible for consumer compliance, shareholder and investor relations, and financial, legal and regulatory aspects of mergers and acquisitions.
“Kim Davis and I have been friends since we met at Florida State University in 1972 and have been colleagues since 1981 when he joined the team,” said William G. Smith, Jr. “Kim has been a an invaluable resource for CCBG during his impressive 41-year tenure. More than any of Kim’s many accomplishments in his career, he brought integrity, a brilliant mind and always put the bank at the forefront of every decision he made. I will certainly miss my teammate and friend, but I am excited about the future and look forward to working with Jep as CCBG’s new CFO.
During Mr. Davis’ tenure, the company grew from about $200 million in assets to $4.4 billion. Early in his career, he was involved in the incorporation of Capital City Bank Group, Inc., the formation of a multi-bank holding company, 16 bank merger and acquisition transactions, the consolidation of 10 banks into a sole charter, which became Capital City Bank, and the listing of CCBG common stock on the NASDAQ stock market. More recently, the focus has been on working with the management team to navigate volatile economic conditions and grow the company’s fee-paying business through the strategic alliance with Capital City Home Loans and the acquisition of Capital City Strategic Wealth. Mr. Davis has also played a prominent role in banking industry associations throughout his career and served as Co-Chair of the Florida Bankers Association in 1998-99. During his tenure, he was instrumental in the merger of the Community Bankers of Florida Association with the Florida Bankers Association, resulting in a stronger combined organization that to this day benefits banks and bankers from all over Florida.
About Capital City Bank Group, Inc.
Capital City Bank Group, Inc. (NASDAQ: CCBG) is one of the largest publicly traded financial holding companies headquartered in Florida with approximately $4.4 billion in assets. We provide a full range of banking services, including traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bank cards, securities brokerage services and financial advisory services, including the sale of life insurance, risk management and asset protection services. Our banking subsidiary, Capital City Bank, was founded in 1895 and today has 57 banking offices and 88 ATMs/ITMs in Florida, Georgia and Alabama. For more information about Capital City Bank Group, Inc., visit www.ccbg.com.
For more information, contact:
J. Kimbrough Davis
Executive Vice President and Chief Financial Officer