MANNING - The New Year brings changes to the Bank of Clarendon.
After 17 years as the bank's chief financial officer, W. Louis Griffith will retire on Jan. 26. The bank's board of directors announced in late December that Kendall Stewart has been named executive vice president and chief financial officer effective on Griffith's retirement.
"We are very pleased to have Kendall Stewart join our management team and for his wife, Amy, and son, Nathan, to join our extended Bank of Clarendon family," said Rose Buyck Newton, chairman of the board. "Kendall brings a depth of experience and knowledge in both finance and technology to the bank, and the energy he exudes is contagious."
Newton said that although the bank would be "losing a valued member of our management team" with Griffith's retirement, the bank would continue to utilize Griffith's leadership skills through his continued service as a director on the bank's board of directors.
With more than 25 years working in the financial services industry, Stewart most recently worked at Charlotte-based Carolina Premier Bank where he helped charter the de novo bank. For more than 10 years, Stewart also served as that bank's chief financial officer.
"Kendall brings more than two decades of financial management experience in accounting, financial budgeting and forecasting, strategic planning, regulatory reporting, and investment management with community banks," said Will Buyck, chief executive officer of the Bank of Clarendon. "We are excited to have him join our executive management team, and we know that he and his family will be a great addition to our community."
Stewart has been active in his community throughout his tenure as a community banker in Charlotte with memberships in the local Chamber of Commerce, Rotary Club, Lions Club and Kiwanis Club. Stewart has also served his community as a volunteer firefighter.
In 1932, the Bank of Clarendon was founded by local, community-minded residents who wanted to provide financial stability to the local community during the Great Depression. For the past 85 years, BOC, a member of the FDIC and an equal housing lender, has provided business and consumer banking, mortgage, financial planning and investment services through its five branches located in Manning, Santee, Summerton and Sumter.