FB Financial in Nashville, Tenn., needs a new chairman.
The $12.7 billion-asset company disclosed in a regulatory filing that Stuart McWhorter will retire on July 31. FB Financial said it plans to fill the vacancy before McWhorter steps down.
McWhorter was appointed by Gov. Bill Lee to serve as commissioner for the Tennessee Department of Economic and Community Development, effective July 11.
McWhorter, chairman of venture investment firm Clayton Associates, rejoined FB Financial’s board in October 2020. He had previously been a director for 12 years before resigning in 2018 to serve as commissioner of finance and administration.