First Security Bank has chosen John Rutledge to be president and chief executive officer of its Little Rock market, the company announced late Wednesday.
The firm also said Bill Scholl, who’s been president of the Little Rock market, will continue “a prominent leadership role with the Little Rock team,” while also now working as president of the bank’s parent company, First Security Bancorp.
Scholl “will help guide the company’s statewide expansion while continuing to focus on the growth of the bank’s Little Rock footprint,” the company said in a news release.
Rutledge, who’s been vice president and commercial lender in Little Rock, will take over day-to-day operations of the company’s operations in the capital city.
“With these two management changes, we are positioning First Security Bank for the future,” Reynie Rutledge, chairman and CEO of First Security Bancorp, said in a news release. “Bill is a well-known banking professional in the state who will be lending us his knowledge and expertise for our continued strategic growth statewide. John has a passion and a commitment to this bank and to this community; he is a true asset to the Little Rock team.”
John Rutledge is the oldest son of Reynie Rutledge. John Rutledge was named among Arkansas Business’ 40 Under 40 class earlier this year.
Scholl joins Reynie Rutledge; Mark Ferguson, executive vice president; and Mike Hutsell, chief financial officer, as the First Security Bancorp executive leadership team.