Atlantic Capital president, COO Mike Kramer resigns from company
Atlantic Capital Bancshares, the parent company of Atlantic Capital Bank, announced that D. Michael Kramer has tendered his resignation as president and COO of Atlantic Capital and Atlantic Capital Bank, effective December 22, 2017. Douglas L. Williams, current CEO, has been appointed to serve as president of Atlantic Capital and Atlantic Capital Bank, effective December 22, 2017, and will continue to serve as CEO. Williams served as president prior to the merger with First Security Group, Inc. in October, 2015. Kramer has also resigned from the doard of directors of Atlantic Capital, effective October 31, 2017. In connection with Kramer's resignation, the board of directors reduced the size of the board from 11 to 10, effective October 31, 2017. Williams said, "With news of Mike's decision to retire from Atlantic Capital, we are also pleased to announce a new leadership team to continue the momentum we have developed since the First Security transaction and improve operating performance. We believe that the new leadership team reflects the best allocation of our most valuable resource - our people - and I look forward to working closely with each of them to write the next chapter in Atlantic Capital's story." Richard Oglesby, current Chief Credit and Risk Management Officer, will become General Banking Division Executive with responsibility for Atlanta Corporate and Private Banking, Tennessee-Northwest Georgia Community Banking, Commercial Real Estate Finance, Not-for-profit and Small Business Banking, and Regional Corporate Banking. Joe DiNicolantonio will continue to lead Atlantic Capital's commercial, retail, mortgage, and private client businesses in the Tennessee-Northwest Georgia market and assume responsibility for strategic leadership in the development of small businesses and consumer banking initiatives throughout the company. In addition, Kurt Shreiner will become Corporate Financial Services Division Executive with responsibility for SBA Lending, Franchise Finance, Treasury Management Services, Payments and FinTech Banking, Product Management, Development, Capital Markets and our Charlotte office.