ST. AUGUSTINE, Fla. – FirstAtlantic Bank Market Executive Lou Noir-Jones announced that James Swanson has been named senior business development officer of the St. Augustine market. Swanson, a St. Augustine banking veteran, brings vast experience in commercial banking to the $192 million institution.

Prior to joining FirstAtlantic Bank, Swanson was a commercial lender for First Federal Bank of North Florida (Palatka) where he managed the commercial real estate portfolio in St. Johns, Duval, Nassau and Flagler counties. Swanson was also vice president of commercial loans for Prosperity Bank (St. Augustine), senior vice president of commercial loans for First Union (St. Augustine) and vice president loan examiner for Florida National Bank (Jacksonville).

“We are fortunate to have Jim at our Cobblestone Village and Shoppes of Palencia Commons financial centers,” said Noir-Jones. “His extensive banking background and local community involvement combined with the financial strength of FirstAtlantic Bank will ensure that we continue to exceed the expectations of St. Augustine residents and small businesses.”

Swanson is a graduate of the University of Minot (ND) and the LSU Graduate School of Banking (LA). He serves as chairman of the St. Johns Housing Finance Authority, task force member of the St. Johns Vision Committee, and as a board member of the United Way, YMCA, Humane Society and Boy Scouts.

About FirstAtlantic Bank:
FirstAtlantic Bank opened in 2007 and currently has $192 million in assets with four branches in the Jacksonville/St. Augustine market. In 2009, FirstAtlantic Bank was the only Jacksonville-based bank that showed significant growth, with assets rising 55% and its net loans increasing by 67%. At the end of 2009, FirstAtlantic Bank was the only bank headquartered in Northeast Florida that reported no non-performing loans.

FirstAtlantic Bank puts banking in a whole new lightin Northeast Florida by offering personal banking services that are as convenient as they are secure and providing business banking resources that help small businesses succeed. A certified SBA Lender, FirstAtlantic Bank proudly serves the Jacksonville and St. Augustine communities with convenient locations in Southpoint, Normandy Boulevard, Cobblestone Village and The Shoppes of Palencia Commons. The Bank provides a full range of community banking products and services, for more information visit www.bankfirstatlantic.com. Member FDIC.

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