(UNION, S.C., May 10, 2022) – The board of directors of Arthur Financial Corporation and the board of directors of Arthur State Bank have announced the election of new Board Member Patrick Weston, who will serve on the boards of both companies.
“Patrick is a great addition to the board of directors for AFC & ASB with his extensive experience in lower middle market management and investments,” said Carlisle Oxner, III, chairman of Arthur Financial Corporation and Arthur State Bank.
Weston serves as the Managing Partner and an Investing Committee member for Route 2 Capital. Route 2 Capital is a private investment firm providing strategic investment capital, debt and equity investments to lower middle market companies. Weston’s role includes originating, structuring and managing lower middle market investment transactions, and he leads the firm’s relationships with institutional investors. Prior to joining Route 2 Capital, Weston served as the Managing Partner of Azalea Capital, successfully raising four private equity funds specifically focused on lower middle market control investments.
“It is a privilege to be asked by Arthur State Bank to join their board of directors. Community banks, such as Arthur State Bank, deliver essential services that enhance the local economy these communities deserve,” said Weston.
Weston is a native of Columbia, S.C. and a graduate of the University of South Carolina, where he earned a degree in business administration with a concentration in finance. He later earned a master’s in business administration from Duke University. Weston is a Chartered Financial Analyst and a member of the Association for Corporate Growth, the Southern Capital Forum, the CFA Society of South Carolina, and he is the Vice Chair of the SBIC Council. He currently serves on the Advisory Board of Directors of Carolina Motor Club, Inc. (AAA Carolina).
About Arthur State Bank
Arthur State Bank is a community bank rooted and operating in South Carolina. Founded in 1933, Arthur State Bank remains a cornerstone of financial stability, opportunity and success for the businesses and people it serves. Since Arthur State Bank's founding, its leadership has remained within the same family with a singular purpose: to help local communities thrive through stable, personable, capable and future-focused financial services. Arthur State Bank plays an active role in its community, offering commercial and personal banking services, including mortgages, trust and wealth, and financial education. The bank continually collaborates with the people it serves, working and thriving together with the community. To learn more about Arthur State Bank and its services, visit www.arthurstatebank.com.
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