On Dec. 19, 2013, the boards of directors of Palmetto Bancshares Inc. and The Palmetto Bank elected Palmetto CEO Samuel L. Erwin as chairman of the board, effective Jan. 1, 2014. Erwin has been CEO of the company since 2010.
“I am tremendously humbled and honored to assume the role of chairman of the board,” said Erwin in a statement. “Over its 107-year history, The Palmetto Bank has only had a few others serve in this role, and I am deeply appreciative of the opportunity to continue the Company’s rich heritage.”
Erwin succeeds Michael D. Glenn who previously served as chairman of the board and will remain on the board.
“Mike provided excellent leadership to our Board during the very challenging economic environment of the past two years,” said Erwin. “Mike and I worked together collaboratively to provide leadership to the company, and I look forward to continuing to work with Mike and the rest of the Board as we begin the new year.”
