Important Announcement Regarding 1st Capital Bank President and CEO Fred Rowden
11 November 2012 - 9:26AM
Marketwired
1st Capital Bank (OTCQB: FISB) -- 1st Capital Bank is sad
to report today the passing of its President and CEO, Fred Rowden.
Mr. Rowden guided 1st Capital Bank through challenges and
opportunities since it commenced banking operations in April 2007.
He set the Bank on a path to achieve sustainable profitability and
safety in an era of economic challenges that has resulted in 1st
Capital Bank being recognized for its superior performance since
inception. His legacy of safe and sound banking practices will
continue to endure in the years ahead through the efforts of the
professional bankers at 1st Capital Bank. Having worked in the
community and the banking industry for over 40 years, he will be
missed by his many friends and associates.
In his absence, the Bank's experienced management team will
continue to provide 1st Capital Bank's high-quality brand of
relationship banking and service. Executive Vice President and
Chief Operating Officer, Mark Andino, has agreed to assume the
additional responsibilities of interim President and Chief
Executive Officer. Mr. Andino has been the Bank's Chief Operating
Officer since October 24, 2012. Mr. Andino served previously as
Executive Vice President, Chief Financial Officer and Chief
Operating Officer for American Perspective Bank from 2006 through
2012, while also serving simultaneously as a Director for that bank
from 2007 to 2011.
Mr. Rowden will be forever remembered for his entrepreneurial
spirit and leadership at 1st Capital Bank, a business that is built
on the strong foundation of its employees and has become his
legacy.
Forward Looking Statements:
In addition to the historical information contained herein, this
press release may contain certain "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as
amended, and subject to the safe-harbor provisions of the Private
Securities Litigation Reform Act of 1995. The reader of this press
release should understand that 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 factors discussed in the Bank's periodic reports under
the Securities Exchange Act of 1934, as amended, on Forms 10-K,
10-Q and 8-K filed with the FDIC. The Bank does not undertake any
obligation to publicly update or revise any of these
forward-looking statements, whether to reflect new information,
future events or otherwise, except as required by law.
Contact Information Mark Andino Interim President &
CEO (831) 264-4028 Jayme Fields Chief Financial Officer (831)
264-4011
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