ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 25, 2023, Michael D. Dowling, Chief Operating Officer and Chief
Financial Officer of Southern First Bancshares, Inc. (the "Company") and
Southern First Bank (the "Bank" and together with the Company, the "Employer"),
notified the Employer that he is resigning from his roles with the Employer,
effective February 15, 2023.
Mr. Dowling added, "I want to thank the Board and management team for the
opportunity to serve at Southern First over the past twelve years. This
announcement is so personally difficult as Southern First has had a profound
impact on my life. I am humbly proud of the many accomplishments we have
achieved together, and I leave knowing Southern First has a bright future ahead.
I have accepted a position to lead a large sophisticated medical group, which
happens to be a long-standing client of the bank. This will be a different and
challenging opportunity, but one in which I will continue to serve and impact
lives."
"We are incredibly grateful to Mike for his leadership and contributions over
the past twelve years and wish him success in his new endeavor," said Art
Seaver, Chief Executive Officer. "Our success is built on Impacting Lives. We
are honored to have shared that with Mike, and he with us."
Brief Biography for Michael D. Dowling
Mike has served as Southern First's executive vice president and chief financial
officer since 2011 and as our chief operating officer since July 2019. He has
over 25 years of experience in the banking industry. Mr. Dowling was previously
employed with KPMG LLP from 1994 until 2011, including most recently as an Audit
Partner (2005-2011) and a member of KPMG's Financial Services practice. He is a
1993 graduate of Clemson University, with a degree in Accounting and is a
certified public accountant in South Carolina and North Carolina.
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