Tim T. Morris has resigned for personal reasons as a director at First Security Group, according to documents filed to the Securities and Exchange Commission.
Morris turned in his letter of resignation on Feb. 8, stating that in the last few weeks it had become apparent to him that as lead director, he needed "to be spending 'hands-on' time with executive management several days a week," something he could not do since he and his wife spend most of the winter in Florida.
The board appointed William Charles Hall the following day to take the open spot on the company's audit/corporate governance committee and elected Ralph E. Matthews Jr., to serve as lead independent director, according to the SEC filing.
First Security Group is the Chattanooga-based parent company of FSBBank.