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CAB Financial names CEO

The board of CAB Financial Corp. named John Kimberly CEO, effective Jan. 1, 2018.

Kimberly will succeed John Poole, who is retiring. Poole will remain on the Spartanburg, S.C.-based company's board, however, and stay on through June 2019 as a consultant to management.

Kimberly is currently CAB Financial's president and unit Carolina Alliance Bank's president and CEO.