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Tom Caldwell has retired as CEO of Greater Rome Bank, as the company shuffles its management team, Caldwell announced Wednesday.

I'm officially retired from the bank," he said. "I'll remain as chairman of the board and chairman of the holding company. I'll probably keep my office over there, but Im backing away from the day-to-day operations."

Caldwell helped to found the community bank, leading up to its opening on Martha Berry Boulevard in February 1996. His resume also includes formerly serving as president of the Community Bankers Association of Georgia.

Since its opening, Greater Rome Bank has grown to four branches, opening its newest in late 2006 on Ga. 53 in Shannon and increasing its total employment to about 60 people.

The bank's East Rome office opened on Second Avenue in 1998, followed by the West Rome branch on Shorter Avenue in 2000.

As Caldwell retires, two other longtime bank employees are being promoted within the company.

Dwight R. Stout, bank president and a member of the board of directors, has been promoted to chief executive officer, effective Jan. 1. He has been associated with the bank for 11 years and played a key role in organizing the mortgage loan department, Caldwell said.

Dwight has been a very integral part of our bank's growth and success," Caldwell said in a written announcement. "Professionally, he has grown along with the bank and through his hard work and diligence has earned the opportunity to lead Greater Rome Bank into the future."

Also, E. Grey Winstead III has been promoted from senior vice president to executive vice president and has been elected to the bank’s board of directors. Like Stout, Winstead has also worked with the bank the past 11 years.

He also remains chief financial officer of the bank and its holding company and has been appointed president and CEO of the bank's holding company, Greater Rome Bankshares Inc.

As of June 2006, the bank had captured a 9.55 percent share of deposits in the Floyd County banking market, or more than $117 million in deposits. The bank also reports $165 million in total assets.