FOR IMMEDIATE RELEASE

Timothy L. Stanley named President and CEO of MidCountry Financial Corp.

MACON, Ga. (02-12-16) MidCountry Financial Corp. (MCFC) has announced that Timothy L. Stanley was elected as President and Chief Executive Officer of the company effective February 12, 2016. Stanley assumes the position from Robert F. Hatcher, who founded and has led the organization since 2002.

Stanley has been with MCFC since 2003, serving most recently as Chief Operating Officer of MCFC and Chief Executive Officer of Heights Finance Corporation, as well as President and Chief Executive Officer of Pioneer Financial Services, Inc. His areas of responsibility at MCFC have included oversight of operations, legal, information technology, and human resources functions, as well as numerous other corporate-wide initiatives. Stanley is also a member of the boards of directors of MCFC and MidCountry Bank.

"Tim is extremely capable and uniquely qualified to lead this company into the future," said Bob Hatcher, outgoing President and CEO of MCFC. "He is a strong leader, knows the organization well, and will help make it one of the finest financial services companies in the country. He also embraces and exemplifies the norms and values upon which our company is based." Hatcher will continue serving on the boards of MCFC, MidCountry Bank, and Pioneer Financial Services, Inc.

Stanley has more than 35 years of experience in the financial services sector. Prior to joining MCFC, he was with Wells Fargo Financial for more than two decades, serving in a variety of positions including branch operations, client services and technology, as well as Senior Vice President of the Information Services Group and Corporate Vice President of Global Learning and Development. He is a current Director and former Chairman of the American Financial Services Association (AFSA) Board of Directors and Executive Committee, and former two-term Independent’s Section Chair. Stanley is a recipient of AFSA’s Outstanding Independent of the Year Award as well as AFSA’s Distinguished Service Award, the consumer finance industry’s highest honor. He is currently on the Board of Trustees at Bob Jones University and was presented with the Outstanding Achievement Award from Bob Jones University Alumni Association.