Pavilion Bancorp, Inc., Announces Resignation of Chief Financial Officer
07 March 2006 - 7:21AM
PR Newswire (US)
ADRIAN, Mich., March 6 /PRNewswire-FirstCall/ -- Pavilion Bancorp,
Inc. (OTC:PVLN) (BULLETIN BOARD: PVLN) , the parent company of the
Bank of Lenawee, has announced that, effective March 3, 2006, Ryan
Luttenton has resigned as the Chief Financial Officer of the
Company. Mr. Luttenton advised the Company that his resignation was
for personal reasons and has confirmed to the Company's management
that his resignation was not the result of any disagreement with
the Company regarding any accounting or financial reporting issue.
Concurrent with Mr. Luttenton's departure, Mark Wolfe, the
Company's Controller and First Vice President of Finance and
Accounting, has been appointed Chief Financial Officer, Senior Vice
President of the Company by the Pavilion Bancorp Board of
Directors. Mr. Wolfe served as Interim Chief Financial Officer for
Pavilion Bancorp from March 2005 until January 2006. Mr. Wolfe
joined the Bank of Lenawee in 2001 as Vice President, Controller,
bringing more than 20 years of senior financial management
experience to the organization. Prior to his career at the Bank of
Lenawee, Mr. Wolfe held the position of Chief Financial Officer at
Herrick Memorial Hospital in Tecumseh, Michigan and Chief
Information Officer at Lenawee Health Alliance, located in Adrian,
Michigan. In addition, he has provided independent financial
consulting services to a variety of businesses. Mr. Wolfe is an
active community member, serving on the Board of Directors for
Junior Achievement and as President of Tecumseh Public Schools
Board of Directors. He and his family reside in Tecumseh, Michigan.
About Pavilion Bancorp, Inc. Pavilion Bancorp, Inc. is the parent
company of Bank of Lenawee. Pavilion Bancorp, Inc. is traded on the
OTC Bulletin Board under the symbol PVLN. Stifel Nicolaus, of
Dublin, Ohio, is the primary market maker in the stock. Investor
relations information is available at http://pavilionbancorp.com/ .
DATASOURCE: Pavilion Bancorp, Inc. CONTACT: Douglas L. Kapnick,
Chairman of the Board, or Pamela S. Fisher, Corporate Secretary, ,
of Pavilion Bancorp, Inc., +1-517-266-5054 Web site:
http://www.pavilionbancorp.com/
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