Peter J. Raffetto Appointed to Community 1st Bank Board of Directors
AUBURN, Calif. -- November 19, 2012
Community 1^st Bank (OTCBB: CFBN), announced that Peter J. Raffetto has been
appointed to the Board of Directors of Community 1^st Bank. “We are delighted
to have Peter join our Board of Directors,” stated Russell P. Baldo, Board
Chairman. “Peter is highly respected with a successful and tenured career in
the banking industry. He will be a valuable addition to the Board.”
Mr. Raffetto is retired from a banking career of over three decades in the
greater Sacramento region, serving most of those years as President and CEO.
Mr. Raffetto’s leadership in the community banks that he served was noted for
significant organic growth, efficiency and profitability.
Mr. Raffetto has been active in many charitable and civic organizations. Mr.
Raffetto has served as a Director of California Independent Bankers and the
California Bankers Association. He also served on the Board of Trustees of the
University of California, Berkeley Foundation, Chair of the University of
California, Berkeley Chancellor’s Committee for the Northern California
Region, Advisory Board Member of the Haas School of Business at University of
California, Berkeley, Chair of the Board of Trustees of Jesuit High School,
President of the Sutter Club, President of SACTO and director of the Del Paso
Mr. Raffetto obtained a Bachelor of Science Degree in Business Administration
with an emphasis in Finance from the University of California, Berkeley.
Community 1^st Bank is headquartered in Auburn, California, with branches in
Roseville and Auburn, California. Community 1^st Bank offers a wide range of
business and consumer deposit products including remote deposit capture,
health savings accounts, online banking, and cash management services. The
Bank also offers a full complement of loan products, including commercial,
consumer, and real estate loans. For more information about the Bank, visit
the Bank’s website at www.community1bank.com.
Statements concerning future performance, developments or events, expectations
for growth and income forecasts, and any other guidance on future periods,
constitute forward-looking statements that are subject to a number of risks
and uncertainties. Actual results may differ materially from stated
expectations. Specific factors include, but are not limited to, loan
production, competitive pressure in the banking industry, balance sheet
management, net interest margin variations, the ability to control costs and
expenses, changes in the interest rate environment and financial policies of
the United States government and general economic conditions. The Bank
disclaims any obligation to update any such factors.
Community 1^st Bank
Robert C. Haydon, 530-863-4801
President & Chief Executive Officer
James J. Kim, 530-863-4803
Executive Vice President & Chief Financial Officer
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