1st Capital Bank Announces Change in Executive Officer
September 10 2013 - 7:30AM
Marketwired
1st Capital Bank (OTCQB: FISB) (the "Bank") today announced
that the Bank's Chief Financial Officer, Jayme C. Fields, resigned
effective September 9, 2013. Ms. Fields served as the Bank's Chief
Financial Officer since its inception in 2006.
The Bank also announced that Marilyn Goode has been appointed as
the Bank's Interim Chief Financial Officer effective with the
departure of Ms. Fields. Ms. Goode has been an executive officer of
the Bank since 2007, most recently serving as Chief Administrative
Officer. Ms. Goode has 45 years of banking experience, including
prior service as a bank Chief Financial Officer. Ms. Goode will be
assisted in managing the Bank's accounting, treasury, reporting,
and tax related functions by Debra DeCius, who was recently
appointed as the Bank's Controller. Ms. DeCius has worked for the
Bank since 2010 in a number of roles, has over 35 years of banking
experience, and has previously served as the Controller for another
financial institution.
The Bank also today announced the hire of H. Irene Shippee as
the Bank's new Senior Vice President and Operations Administrator.
Ms. Shippee will assume Ms. Goode's prior responsibilities in
regards to managing the Bank's branch offices, deposit operations,
cash management, and electronic banking functions. Ms. Shippee is a
veteran California banker with over 25 years of experience in the
areas that she will supervise for the Bank.
The Bank has commenced recruiting for a permanent Chief
Financial Officer in light of Ms. Goode's planned retirement
sometime during 2014.
Commenting on the staffing changes, Mark Andino, the Bank's
President and Chief Executive Officer, stated: "We are fortunate to
have a deep management team comprised of individuals who have
worked in multiple functional areas over long term careers in the
financial services industry. In addition, we welcome Ms. Shippee to
1st Capital Bank. I have worked with Ms. Shippee twice over the
past 20 years. She is a high caliber banker with extensive
experience across multiple disciplines and with significant
knowledge of the California marketplace."
Kurt Gollnick, the Bank's Chairman of the Board, added: "As part
of the Bank's succession planning, we have aimed to recruit
professional bankers with expertise across a wide range of
functions. For example, Mr. Andino has previously served as a bank
Director, Chief Financial Officer, Chief Operating Officer, and
Chief Administrative Officer, while Regional President Clay Larson
has prior service as a bank Director, President, and Chief
Executive Officer. The Board of Directors has supported hiring
career bankers with skills in multiple areas since the formation of
the Bank, recognizing that management turnover is an inevitable
component of operating a growing company over an extended period of
time."
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
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