Biography

Upon selling his medical practice in Commerce, Georgia in 2017, Dr. Neelagaru retired after more than 40 years in his field as a board-certified cardiologist. He founded Quantum and its subsidiary, Quantum National Bank, in 1995, where he served as Chairman and Chief Executive Officer, and was Quantum’s majority shareholder up until its merger with the Company effective February 12, 2023. The Quantum Merger Agreement provided for the appointment of Dr. Neelagaru as a director of the Company for an initial term ending at the Company’s annual meeting of stockholders immediately following his attaining 75 years of age. Consistent with this provision, on June 26, 2023, Dr. Neelagaru was appointed as a director of the Company to serve in the class of directors whose terms expired in calendar year 2025. The Quantum Merger Agreement further provides that after the end of Dr. Neelagaru’s initial term, he may serve for up to two additional one-year terms as a director of the Company if he and Infinity Trust continue to own five percent or more of the then-outstanding shares of the Company’s common stock, subject to any legal or bank regulatory requirements. The Quantum Merger Agreement entitles Dr. Neelagaru to simultaneously serve as a director of the Bank so long as a majority of the directors of the Company are directors of the Bank.

Dr. Neelagaru currently serves on the boards of the Indian American International Chamber of Commerce and International Development Foundation, Inc., and has served on the boards of CIGNA Health Spring Insurance Company, the Athens Area Coalition of Physicians, the Jackson County Area Chamber of Commerce, and the Community Bankers Association of Georgia.

Dr. Neelagaru is a recipient of the Ellis Island Medal of Honor from the Ellis Island Honors Society, and has been honored by the City of Suwanee, Georgia, for his contributions to its arts initiatives. The City of Commerce, Georgia, further recognized his impact by naming its Children’s Library after the Neelagaru family. He has also received lifetime achievement awards from the Jackson County Area Chamber of Commerce and the Indian American International Chamber of Commerce, reflecting his enduring commitment to service, leadership and community engagement.

Dr. Neelagaru’s broad business experience, both in the medical and banking fields, as well as his continued service to the local Georgia community, make him a valued member of the Board.