October 30, 2009 (FinancialWire) — Greg Gibson plans to resign as 1st Financial Services Corp.’s (OTCBB: FFIS) chief executive officer, effective October 31. He spent the past five years as the bank’s founder.

Hendersonville, North Carolina-based 1st Financial Services is the parent company of Mountain 1st Bank & Trust Co., which boasts more than $700 million in assets.

The company has around 170 employees and serves nine counties in western North Carolina through fifteen full service branches.

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