Item 5.02
- Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers:
Compensatory
Arrangements of Certain Officers
(b)
On November 21, 2006, The Savannah Bancorp, Inc. (the "Company") announced
that
G. Mike Odom, Jr. resigned as Chief Executive Officer and as a director of
the
Company, effective November 30, 2006.
(c)
Also on November 21, 2006, the Company announced that John C. Helmken II, the
current President, will become President & CEO effective December 1,
2006.
Mr.
Helmken, age 43, has served as President and a director
of the Company, President & CEO and a director of The Savannah Bank,
N.A. (the “Bank”) since January 2003. Mr. Helmken served as President of the
Bank in 2002, Executive Vice President in 2001 and Senior Vice President in
the
commercial lending area from 1997 through 2000. He is also a director of Bryan
Bank & Trust and Harbourside Community Bank.
CONTACT:
The Savannah Bancorp, Inc.
Robert
B.
Briscoe, CFO (912) 629-6525
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SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
The
Savannah Bancorp, Inc. (Registrant)
By:
/s/ Robert B. Briscoe
Date: November
21, 2006
Robert
B.
Briscoe
Chief
Financial Officer
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