Sierra Vista Bank Welcomes New President / Chief Executive Officer
(firmenpresse) - FOLSOM, CA -- (Marketwired) -- 08/23/13 -- Sierra Vista Bank (OTCQB: SVBA) today announced the appointment of accomplished banking executive Gary D. Gall as President and Chief Executive Officer.
"Gary has achieved so much in community banking, and his experience and expertise will be extremely valuable to our growing Bank," stated Brady Whitlow, Chairman of the Board of Directors. "We're excited to have someone with Gary's talent leading our team, especially considering his significant relationships and familiarity with our community."
Gary has nearly four decades of banking experience and has been on the Sierra Vista Bank Board of Directors since 2008. He has also served as a Consultant to the Bank since 2012. Among his accomplishments, he led Western Sierra Bancorp from assets of $50 million and four branches to assets of over $1.2 billion and 31 branches. Western Sierra was recognized nationally for performing in the top 5 percent of community banks in the U.S. While at Western Sierra, Gary also negotiated the acquisition of six community banks and was instrumental in Western Sierra Bancorp becoming listed on the NASDAQ stock exchange in 1999.
"I am honored to have been asked to lead this exceptional team of bankers, and have great expectations for the Bank," Gall said. "I thoroughly enjoy community banking, and look forward to my continued involvement with the Bank, local community leaders, and the customers we serve."
Mr. Gall is a long term resident of Cameron Park and has always been very active in the community. He is a past president and current member of the Cameron Park Rotary Club, current member of the Cameron Park Community Foundation and the El Dorado County Boys & Girls Club, and participates in many other local community events.
Sierra Vista Bank is locally owned community bank headquartered at 1710 Prairie City Road in Folsom, California since March 2007 and has a branch located in the Sam's Town Center in Cameron Park. The Bank prides itself on serving the financial needs of small businesses and professionals in Folsom and throughout the Highway 50 Corridor while remaining committed to community philanthropy. Additional information about Sierra Vista Bank can be found at or by calling (916) 850-1500
Forward Looking Statement:
In addition to historical information, this press release includes forward-looking statements, such as statements regarding increases in non-interest income, future profitability, the bank's ability to address challenges impacting economy in which it operates and future loan losses, which reflect management's current expectations for the bank's future financial results and business prospects. Forward-looking statements are inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to: (a) changes in competitive pressures among depository and other financial institutions or in the bank's ability to compete effectively against larger financial institutions in its banking market; (b) actions of government regulators or changes in laws, regulations or accounting standards, that adversely affect the bank's business; (c) changes in interest rates and/or inflation; (d) changes in general economic or business conditions and the real estate market in the bank's market; and (e) other unexpected developments or changes in the bank's business or its customers' businesses. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. You should not place undue reliance on the forward-looking statements, which reflect management's view only as of the date hereof. The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.
Brady Whitlow
Chairman
Sierra Vista Bank
(916) 850-1500
Lesa Fynes
EVP/CFO
Sierra Vista Bank
(916) 850-1505
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Datum: 23.08.2013 - 06:30 Uhr
Sprache: Deutsch
News-ID 1257393
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Commercial & Investment Banking
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