ATLANTA, Ga.–(GLOBE NEWSWIRE)–Brian D. Schmitt, Chief Executive Officer of SouthCrest Financial Group, Inc. (SCSG:PK) announced today that the Company has executed an agreement with the FDIC to exit the loss share agreement associated with a prior failed bank purchase. The financial impact to SouthCrest as a result of the termination was marginally negative, and was accrued for in the third quarter. This was the only loss sharing agreement that SouthCrest entered into during the recent cycle.