First American International Bank Announces Retirement of Al Lau as President; Names Mark Ricca as Successor

First American International Bank Announces Retirement of Al Lau as President; 
Names Mark Ricca as Successor 
NEW YORK, NY -- (Marketwire) -- 02/08/13 --  First American
International Bank (FAIB) announced today the planned retirement of
its President and CEO, Alfonso Lau. Mr. Lau will remain with the bank
until March 2013 to manage an orderly transition to his successor.
Mr. Lau will continue as a Director of FAIB and the holding company,
First American International Corporation (FAIC). 
Mr. Lau is a founding shareholder and has served as President and CEO
and a Director of FAIB since its inception in 1999. Mr. Lau recently
and successfully led the bank through a challenging period in the
banking industry. FAIB posted solid earnings in 2012 and continues to
serve its valued customers through attentive and professional service
and its various loan programs. 
FAIB also announced that Mark Ricca will become its new President and
CEO in March 2013. Mr. Ricca joins the bank from Carver Bancorp,
Inc., the bank holding company for Carver Federal Savings Bank in New
York City, where he was Executive Vice President, serving as Carver's
Chief Financial Officer and Chief Administrative Officer in his most
recent position; previously he had served as Carver's Chief Risk
Officer, General Counsel and Chief Auditor. Prior to Carver, Mr.
Ricca was an Executive and General Counsel with New York Community
Bancorp, Inc. and Haven Bancorp, Inc., both located in Westbury, NY.
Mr. Ricca graduated from the University of Notre Dame with a B.A. in
Economics and has a J.D. from St. John's University School of Law and
a LL.M. from New York University School of Law. He is a member of the
New York State Bar. Mr. Ricca is also a professor and advisory board
member at the ABA Stonier Graduate School of Banking, which partners
with the Wharton School at the University of Pennsylvania. 
Raymond Yu, Chairman of the Board of both FAIB and FAIC, said, "We
would like to thank Al for leading us for the past 13 years as we
have grown our bank from one branch in Brooklyn to nine branches in
three boroughs. We look forward to continuing to successfully serve
our depositors and clients as we complete our transition and Mark
assumes the helm." 
FAIB is a New York State chartered bank with its depo
sits insured by
the FDIC up to applicable limits. FAIC, the bank holding company for
FAIB, is regulated by the Federal Reserve. FAIB has nine branches
located in various communities in Brooklyn, Manhattan and Queens and
assets in excess of $500 million.  
Any inquires regarding this press release should be directed to Mr.
Patrick Yau, EVP of FAIB at (718) 321-3131 ext. 23. 
Mr. Patrick Yau
EVP of FAIB
(718) 321-3131 ext. 23 
 
 
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