1st Capital Bank Announces: Appointment of Steve John to the Board of Directors
28 February 2014 - 8:15AM
Marketwired
1st Capital Bank Announces: Appointment of Steve John to the Board
of Directors
MONTEREY, CA--(Marketwired - Feb 27, 2014) - 1st Capital
Bank (OTCQB: FISB) ("Bank") today announced the appointment of
Steve John as the Bank's newest and eighth director. Mr. John
is the Chief Executive Officer of the Monterey Peninsula
Foundation, has prior director experience with a publicly traded
bank, and is very well known throughout the Bank's primary market
area as a long term businessman and for his involvement with local
community organizations. Mr. John's appointment was effective
on February 26, 2014. He will stand for re-election at the
Bank's 2014 Annual Meeting later this year.
Commenting on the appointment, Kurt Gollnick, the Bank's
Chairman of the Board, stated: "We were very pleased to learn of
Steve's interest in joining the Board of Directors. He is a
highly regarded, successful businessman who has also devoted
extensive time to improving the quality of life along the Central
Coast. His current broad involvement with the First Tee
program offers youth the opportunity for a better future by
providing valuable life skills. Steve shares our commitment to
high quality corporate governance and guiding the Bank to generate
shareholder value."
Daniel Hightower, the Bank's Vice Chairman of the Board, added:
"I have known Steve for many years. Through his various
business and philanthropic ventures, he has become acquainted with
a large number of professionals throughout Monterey and Santa Cruz
counties. His addition to the Board, following our recent hire
of Stuart Tripp as Regional President for the area from Monterey to
Santa Cruz, provides the Bank with an even greater opportunity to
expand into adjacent markets. Steve's prior director
experience at a publicly traded bank will allow him to quickly
contribute to the Board's activities."
Mr. John stated: "I am extremely pleased to join the 1st Capital
Bank Board of Directors. I have been a client of the Bank for
many years, and have been impressed with the organization's
commitment to integrity, expertise, and furnishing an
extraordinarily high level of client service. The Bank's
progress in growing over the past two years has been
remarkable. I look forward to working with the directors and
the executive management team to effectively represent the
shareholders. I also look forward to participating in the
Bank's many initiatives aimed at making the Central Coast an even
better place to live."
Mark Andino, the Bank's President and Chief Executive Officer,
commented: "The Bank has enjoyed great success over the past six
months in adding high caliber professionals to both the Board of
Directors and the officer team. Steve continues that
trend." Mr. Andino then continued: "We anticipate teaming with
Steve to further increase the Bank's visibility throughout the
Central Coast, particularly in Santa Cruz County and segments of
the Monterey Peninsula. His market knowledge is
impressive."
About 1st Capital Bank
The Bank's target markets are commercial enterprises,
professionals, real estate investors, family business entities, and
residents along the Central Coast Region of California. The
Bank provides a wide range of credit products. 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;
performance and contributions of directors and employees;
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
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