Kramer elected to FSG board

Kramer elected to FSG board

December 30th, 2011 by Staff Reports in Business Around the Region

Kramer elected to FSG board

First Security Group announced Thursday that the bank's new chief executive, Michael Kramer, has been elected to the bank's board and will receive 35,000 shares of stock valued at $67,200.

First Security Group Lead Director Carol H. Jackson said with the new appointment Kramer "can now lead the company in all aspects. I consider today an exciting day as we can focus our complete attention on creating a successful, profitable community bank," she said.

Kramer, formerly managing director of of the merchant banking firm of Ridley Capital Group in Wooster, Ohio, joined FSG Bank on Dec. 6 after FSG's founding president, Roger Holley, resigned in April.

Tullahoma eatery pays harrassment fine

Rafael's Italian Restaurant has agreed to pay $25,000 and add employee rights training to settle a lawsuit over alleged sexual harassment at the company's Tullahoma restaurant.

The U.S. Equal Employment Opportunity Commission charged that Rafael's violated federal law by allowing male kitchen workers to make crude comments and to hit female employees with vegetables since 2005.