Originally created 06/20/02

Investor returns home for program



North Augusta native Nola Maddox Falcone, one of the nation's top investment managers, is returning to the area, this time to give a presentation on value investing.

The former president of Evergreen Asset Management Corp., a $15 billion mutual fund company, will speak at a Georgia Bank & Trust Co.-sponsored event tonight at the Enterprise Mill.

Ms. Falcone, the daughter of former North Augusta Mayor L. Vernon Maddox, said her program will focus on the market's small-cap sector.

"This will really be for the value investor," said Ms. Falcone, who has been named to Barron's magazine's "100 Best Mutual Fund Managers" list in 1997 and 1998.

Earlier this month, Ms. Falcone was appointed the president and chief investment strategist for Stuart, Fla.-based Seacoast Asset Management LLC, a subsidiary of Seacoast Banking Corp. of Florida.

From 1974-1994, Ms. Falcone was with Lieber & Co., the firm that originally owned and founded Evergreen. She was an operating partner when First Union acquired the company in 1994.

She was invited to Augusta by Chuck Thompson, a trust officer at Georgia Bank & Trust who worked with Ms. Falcone when he was with First Union.

Georgia Bank & Trust Officer Cheryl Cheek said Ms. Falcone has agreed to serve as an adviser for the trust department.

"She has agreed to help manage some of our clients' money," she said. "We are planning on having her back for a repeat."

Ms. Falcone left North Augusta in 1957 to attend Duke University. She went to work for Chase Manhattan, where she became the first woman officer in its trust department. She was also one of the first three women to enroll in the M.B.A. program at the Wharton School of the University of Pennsylvania.

"It was a period when women were not considered good candidates for management," she recalled.

Reach Damon Cline at (706) 823-3486 or dcline@augustachronicle.com.