1st Capital Bank Announces Retirement of Francis H. "Sonny" Rianda From the Board of Directors and Appointment as a Director ...
August 19 2013 - 8:30AM
Marketwired
1st Capital Bank (OTCQB: FISB) (the "Bank") today announced
that Francis H. "Sonny" Rianda voluntarily retired from the Board
of Directors effective August 16, 2013. Mr. Rianda will continue
his longstanding ties with the Bank as its fourth Director
Emeritus.
Mr. Rianda, age 81, was part of the original organizing group
that started the Bank and has served as a director for seven years.
Mr. Rianda is the President and Owner of Coastal Tractor, with
operations in Monterey and San Luis Obispo Counties. Mr. Rianda has
been active in Monterey County community organizations for over 50
years.
Commenting on the retirement, Kurt Gollnick, the Bank's Chairman
of the Board, stated: "We are deeply appreciative of the enormous
contributions Sonny has made to the Bank over the past seven years.
His commitment to high quality corporate governance has been
unwavering. He has represented the Bank well in our local market
area, leading to many long-term and high quality client
relationships. We are pleased that Sonny has agreed to continue
working with the Bank as a Director Emeritus, helping us achieve
our goal of maintaining the strong pace of organic growth we've
enjoyed throughout his tenure."
Daniel Hightower, the Vice Chairman of the Board, added: "The
Bank does not have any formal retirement age for its directors,
leaving the timeframe for retirement up to the individual Board
member in consultation with his fellow directors. Sonny approached
us at the most recent Board meeting and communicated his desire to
retire and spend more time with his family."
Mark Andino, the Bank's President and Chief Executive Officer,
stated: "I have much enjoyed working with Sonny since joining the
Bank last year. His local market knowledge has been a great asset
to the Bank. We look forward to staying in close contact with Sonny
in his new role as a Director Emeritus."
Mr. Rianda commented: "It has been a privilege to work with such
a dedicated, professional, and energetic group of directors. I plan
to continue maintaining strong ties to the Bank based upon the many
very close relationships developed over the past seven years. I
will also maintain my focus on the financial success of the Bank as
a significant shareholder. With the recent appointment of Francis
Giudici as a Bank director, I know that the Board will continue to
be well staffed by highly competent individuals who share a
fundamental commitment to enhancing shareholder value. I also look
forward to continuing to work with the Bank as a client and as a
Director Emeritus."
About 1st Capital Bank
The Bank's target markets are commercial enterprises,
professionals, real estate investors, family business entities, and
residents in Monterey County. The Bank provides a wide range of
credit products, including loans under various government programs
such as those provided through the U.S. Small Business
Administration ("SBA") and the U.S. Department of Agriculture
("USDA"). A comprehensive suite of deposit accounts is also
furnished, complemented by robust cash management services. The
Bank operates full service branch offices in Monterey, Salinas, and
King City. The Bank's corporate offices are located at 5 Harris
Court, Building N, Suite 3, Monterey, California 93940. The Bank's
website is www.1stcapitalbank.com and the main telephone number is
831.264.4000.
Member FDIC / Equal Opportunity Lender / SBA Preferred
Lender
Forward-Looking Statements:
Certain of the statements contained herein that are not
historical facts are "forward-looking statements" within the
meaning of and subject to the safe-harbor provisions of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements may contain words or phrases including, but not limited,
to: "believe," "expect," "anticipate," "intend," "estimate,"
"target," "plans," "may increase," "may fluctuate," "may result
in," "are projected," and variations of those words and similar
expressions. All such forward-looking statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those projected. Factors that might cause such a
difference include, among other matters, changes in interest rates;
economic conditions including inflation and real estate values in
California and the Bank's market areas; governmental regulation and
legislation; credit quality; competition affecting the Bank's
businesses generally; the risk of natural disasters and future
catastrophic events including terrorist related incidents and other
factors beyond the Bank's control; and other factors. The Bank does
not undertake, and specifically disclaims any obligation, to update
or revise any forward-looking statements, whether to reflect new
information, future events, or otherwise, except as required by
law.
This news release is available at the
www.1stcapitalbank.com Internet site for no charge.
For further information, please contact: Mark R. Andino
President and Chief Executive Officer 831.264.4028 office
831.915.6498 cellular Mark.Andino@1stcapitalbank.com or Jayme
Fields Chief Financial Officer 831.264.4011 office 831.917.8725
cellular Jayme.Fields@1stcapitalbank.com
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