Technology >> CEO Interviews >> April 27, 1998

James S. Mahan Iii – Security First Technologies Inc (sfnb)

JAMES (CHIP) S. MAHAN, III is the Co-Founder and CEO of Security First Technologies and Security First Network Bank, the world's first Internet Bank. S1 is a wholly-owned subsidiary of SFNB, and develops integrated, brandable Internet applications that enable financial institutions to offer products, services and transactions over the Internet in a secure environment. Prior to forming SFNB and S1, Mahan served as chairman and CEO of Cardinal Bancshares, Inc. A distinguished career in the banking industry led Mahan to become one of the original founders of Cardinal Bancshares in 1987. Prior to his tenure at Cardinal, Mahan rose to the position of vice president at Wachovia Bank & Trust Co., at that time, one of the youngest vice presidents in Wachovia history. Mahan then became president, CEO and vice chairman of Citizens Union National Bank & Trust Co. He was named chairman and CEO in 1984. At that time, he formed an investor group that purchased the bank in 1985. He and his partners sold Citizens Union to Bank One Corp., in 1986. He served as president, chairman and CEO of its Lexington, KY operations until 1987, when Mahan and other investors founded Cardinal Bancshares. James (Chip) S. Mahan, III has a degree in Finance from Washington & Lee University in Lexington, VA. Profile
TWST: If you would, give us a brief summary - a bit of an historical

sketch -- on the company, and then bring us up-to-date, over the next

two to three years, what do you see as the key challenges