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SOUTHERN FIRST ANNOUNCES THREE NEW APPOINTMENTS TO BOARD OF DIRECTORS

1. Southern First Bancshares appoints three new board members effective June 2025. 2. Jennie Cluverius specializes in labor law, enhancing legal expertise. 3. Darrin Goss has significant community foundation experience to bolster local ties. 4. Billy McClatchey's background in real estate and finance broadens strategic insights.

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FAQ

Why Bullish?

New board members may enhance governance and strategic decision-making, similar to past appointments leading to stock price increases in other companies.

How important is it?

The appointment of diversely experienced board members can significantly affect governance and strategic growth, increasing investor confidence.

Why Long Term?

New leadership is expected to drive growth, but results may take time, similar to the gradual build-up seen in other banks post-board restructuring.

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, /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ: SFST), holding company for Southern First Bank, is pleased to announce the appointment of three new board members. Jennie Cluverius, Darrin Goss, and Billy McClatchey joined the company and the bank as Directors, effective June 1, 2025. Jennie Cluverius is an experienced trial lawyer who also provides daily advice and counsel to employers on employment, labor, and other business-related matters. She is a Shareholder with Maynard Nexsen, PC, previously Nexsen Pruet, LLC, serves on the firm's Board of Directors, and chairs its Labor & Employment Practice Group. Jennie is a South Carolina Supreme Court Certified Specialist in Labor and Employment Law. She is a Spartanburg, SC native who currently lives in Greenville, SC, and holds a bachelor's degree from Clemson University and J.D. from University of South Carolina School of Law. Darrin Goss has served as President and CEO of the Coastal Community Foundation in Charleston, SC since 2016. His previous roles include President and CEO of Capital Area United Way in Baton Rouge, VP of Community Impact at United Way of Greenville County, Assistant Dean of Students and Director of Career Services at Wofford College, and Training and Development Consultant at Sunoco. He is a U.S. Army veteran and earned a bachelor's degree from Wofford College and a master's degree from North Greenville University. Billy McClatchey is the CEO of Chaucer Creek Capital in Raleigh, NC and has focused on the Southeastern multifamily market during his real estate career. He previously founded, grew, and successfully exited McClatchey Broadcasting Company, which owned and operated radio stations across the Carolinas. He worked in mergers and acquisition groups for Bowles Hollowell Conner & Company and for Trident Financial Corporation helping financial institutions seeking an IPO raise capital. He completed his undergraduate degree at Duke University and MBA at University of North Carolina. "We are incredibly excited to welcome Jennie, Darrin, and Billy to our Board of Directors," said Art Seaver, Chief Executive Officer. "All three of these individuals are talented leaders with strong community ties, and we are privileged to have their guidance as we continue to grow our bank and impact lives in our outstanding markets." About Southern First BancsharesSouthern First Bancshares, Inc., Greenville, South Carolina is a registered bank holding company incorporated under the laws of South Carolina. The company's wholly owned subsidiary, Southern First Bank, is the second largest bank headquartered in South Carolina. Southern First Bank has been providing financial services since 1999 and now operates in 13 locations in the Greenville, Columbia, and Charleston markets of South Carolina as well as the Charlotte, Triangle and Triad regions of North Carolina and Atlanta, Georgia. Southern First Bancshares has consolidated assets of approximately $4.1 billion and its common stock is traded on The NASDAQ Global Market under the symbol "SFST." More information can be found at www.southernfirst.com. Media contact: Art Seaver, [email protected]  SOURCE Southern First Bancshares, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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