Category Archives: Member Announcements

Merit Financial Advisors has acquired Dasher & Padgett Financial Advisors

Merit Financial Advisors (“Merit”), a Georgia-based financial advisory firm that specializes in financial planning and wealth management solutions for high-net-worth individuals and families and those navigating life transitions, today announced it has acquired Dasher & Padgett Financial Advisors, Inc. (“D&P”). The firm, which has an office in Albany, Georgia, expands Merit’s presence in the region with its fourth Georgia location. The acquisition increases Merit’s assets by $118 million.

D&P specializes in providing investment management for individuals and businesses. Co-owners Thomas Padgett, Thomas Gay, and Bruce Gordon will assume new roles at Merit as Wealth Managers and be joined by their entire team. D&P will receive back-office and operational support from Merit.

“We selected Merit to align ourselves with a national advisory firm that can provide our team and clients with the necessary back-end and operational support,” said Bruce Gordon. “We are thrilled to be joining forces with Merit’s Atlanta office and leveraging the team’s expertise to deliver the best possible service to our clients.”

“Dasher & Padgett is an excellent addition to our growing team,” said Rick Kent, CEO, and Founder of Merit. “With their years of experience we are eager to welcome them and expand our presence in Georgia.”

This is Merit’s seventh acquisition since taking a minority investment in December 2020 from Wealth Partners Capital Group (“WPCG”) and a group of strategic investors led by HGGC, leveraging its Aspire Holdings platform. Earlier this month, Merit announced its acquisition of Union Financial Advisors, which added $370 million in acquired assets and established its presence in Oklahoma.

“I am excited to be a part of Merit’s local and national expansion,” said Kirk Wilkerson, Co-Regional Director of the Atlanta region. “The acquisition of Dasher & Padgett brings Merit to 28 offices around the country, four in our region, and I thank the entire Merit team for all the hard work transitioning Dasher & Padgett into our family.”

The merger was finalized on May 20, 2022. Financial and legal terms of the deal were not disclosed.

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Joey Magaddino has been promoted to Regional President of PeopleSouth Bank

PeoplesSouth Bank, a community bank headquartered in Colquitt, Georgia with thirty-one full service locations in Georgia, Alabama and Florida, is pleased to announce the promotion of Joey Magaddino to Regional President over Albany, Americus, Dawson, and Phenix City, Alabama.  In his new role, he will be instrumental in leading his team to pursue excellence and share our philosophy of striving to maintain an environment where the customer and prospective customer will want to bank for a lifetime.

Joey joined PeoplesSouth Bank five years ago as Albany’s City President.  In this role, he demonstrated successful business development skills and leadership skills which had a profound impact on the reputation and profit for the company.

“Joey is an extremely talented banker with strong values. He will be influential in helping our bank continue to grow and prosper.  Joey’s extensive banking knowledge and his high-quality customer service skills will add value to our customers, employees, and shareholders in the communities we serve.  Promoting Joey to the leadership team is well-deserved.” said Erin Stuckey, PeoplesSouth Bank President

Joey is an Albany native who graduated from Albany High School in 1995.  He then attended The University of Georgia – Terry College of Business where he graduated in 1999.  Joey is also a 2010 alumnus of LSU Graduate School of Banking.  He has also successfully completed Leadership Albany, Leadership Lee, South GeorgiaLEADS, and Georgia Academy for Economic Development.

Joey has served on numerous boards in the community, including Chairman of the Leesburg Chamber of Commerce, Treasurer of the Albany Tech Foundation Board of Trustees, Past President and Chairman of the Artesian City Sertoma Club, Past Vice Chairman of the Community Bankers Association Leadership Division, Past Vice Chairman of the United Way of Southwest Georgia, Past Board Member of the Albany Area Chamber of Commerce, and Past Board Member of Leadership Albany.  He was also recognized as Sertoman of the Year and was a recipient of the Albany Herald 40 Under 40 of Southwest Georgia.

Joey resides in Lee County with his wife, Jennifer, and two teenage children – daughter, Kameron and son, Alex.

Royce Marlin Cannington, III (Beau) joins PeoplesSouth Bank Board of Directors

PeoplesSouth Bank, a community bank headquartered in Colquitt, Georgia with thirty-one full service locations in Alabama, Georgia, and Florida, announced the appointment of Royce Marlin Cannington, III (Beau) to the Bank’s Board of Directors.

“Our Commitment to Albany and every market we serve starts with proven leaders who know the region and embrace our southern values and customer service oriented community banking approach.  Beau is an exceptional addition to our board on both fronts.  We are thrilled to have someone of his caliber and reputation on board to help establish our presence and have an immediate impact in the market.” said Caleb Stuckey, PeoplesSouth Bank President

Royce Marlin Cannington, III (Beau) grew up in Iron City, Georgia and attended Southwest Georgia Academy (SGA). After graduating from SGA, Beau then attended Presbyterian College (PC) and graduated summa cum laude with honors in Biology in 1999. After PC, Beau was accepted into medical school at Mercer University School of Medicine where he earned his medical doctorate and graduated in 2004. After obtaining his MD, Beau attended the University of Florida (UF) in Gainesville for radiology residency and completed an extra year at UF specializing in musculoskeletal radiology. Upon graduating from the University of Florida in 2010, Beau joined South Georgia Radiology Associates where he has been a partner since 2011.

Beau is married to Erin M. Cannington, MD who practices allergy and immunology in Albany, Georgia. They have two children (Cole and Caroline) and enjoy playing and watching sports, hunting, fishing, traveling, and watching UGA play football on Saturdays in the fall.