Herald National Bank Elects David Perez to Board of Directors
October 14 2009 - 1:00PM
Business Wire
Herald National Bank (AMEX: HNB), a New York-based full-service
commercial bank, announced today the election of David Perez to the
bank’s board of directors. The election was approved by the bank’s
shareholders at its annual meeting on September 23, 2009, at which
the shareholders also re-elected the four other Class I directors
nominated by the board and approved each of the other proposals
presented.
Mr. Perez, 41, is a managing director of Palladium Equity
Partners, a middle-market private equity firm with over $1 billion
under management, including a significant minority ownership
interest in Herald National Bank. He serves on the board of
directors for several of Palladium’s portfolio companies, including
Aconcagua Holdings, American Gilsonite, Capital Contractors, Prince
Minerals, Regional Management and Remesas Quisqueyana. Mr. Perez is
also a member of the boards of directors of the Ballet Hispánico,
the National Association of Investment Companies and the Pan
American Health and Education Foundation.
"The wealth of knowledge and prior board experience that David
brings is an invaluable asset,” said David S. Bagatelle, Herald
National Bank’s President and Chief Executive Officer. “I look
forward to working closely with him and our entire board of
directors as we continue our efforts to preserve and grow
shareholder value, while maintaining the level of growth that has
made us one of the fastest growing commercial banks in the New York
metropolitan area.”
Prior to joining Palladium Equity Partners in 2003, Mr. Perez
held several senior private equity positions with General Atlantic
Partners, Atlas Venture and Chase Capital Partners. He started his
career in 1991 as an investment banker with James D. Wolfensohn,
Inc., where he specialized in providing mergers and acquisitions
advice to a select group of multinational corporations. He received
a B.S./M.S. degree from the Dresden University of Technology, a
Master’s of Engineering from Cornell University and a Master’s of
Business Administration from the Harvard Business School.
About Herald National Bank
Herald National Bank is a relationship-based banking institution
dedicated to serving the commercial and private banking needs of
small to mid-size businesses and high net worth individuals in the
New York metropolitan area. Herald National Bank presently has
three offices located in Manhattan (623 Fifth Avenue), Brooklyn
(1333 60th Street), and Melville, Long Island (58 South Service
Road).
For more information, visit www.heraldnb.com.
Forward Looking Statements Disclaimer
Certain matters in this press release constitute forward-looking
statements that involve assumptions and potential risks and
uncertainties, which are made in a manner consistent with the safe
harbor provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward looking statements involve known and
unknown risks, uncertainties, and other factors that may cause the
actual results, performance and achievements of Herald National
Bank to be materially different from any future results,
performance or achievements expressed or implied by such forward
looking statements. These factors include: general economic,
capital market and business conditions; risks arising from
litigation or similar proceedings; interest rate fluctuations;
levels of delinquent loans; employee turnover; government
regulation; and those other factors discussed in the filings of
Herald National Bank with the Office of the Comptroller of the
Currency. Herald National Bank undertakes no obligation, and
expressly disclaims any obligation, to update publicly or revise
any forward looking statement, which speaks only as of the date it
is made, whether as a result of new information, future events or
otherwise.
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