Porter Bancorp, Inc. Names Joseph C. Seiler as Executive Vice President,
Head of Commercial Banking
LOUISVILLE, Ky. -- April 29, 2013
Porter Bancorp, Inc. (NASDAQ: PBIB), parent company of PBI Bank, announced
today that Joseph (Joe) C. Seiler has been named to head the Bank's commercial
banking business subject to regulatory approval. When his appointment is
approved he will become Executive Vice President of PBI Bank.
“We are very pleased to have Joe Seiler join PBI Bank to lead the building of
our commercial banking line of business,” stated John T. Taylor, President of
Porter Bancorp. “Joe has significant experience in corporate banking, real
estate lending, credit administration, and healthcare banking. He has served
in senior management positions at banks in Louisville for the past 22 years,
serving commercial customers throughout Kentucky, Tennessee, southern Ohio and
southern Indiana. We believe his extensive commercial lending experience will
be an important addition to our team.”
Mr. Seiler most recently served as Executive Vice President, Asset Resolution
Team, of PNC Bank, Inc. in Louisville, Kentucky. Prior to joining PNC Bank in
2009, he served as Executive Vice President & Managing Director, Investment
Real Estate Group for National City Bank of Louisville, Kentucky. He is also
actively involved in professional and civic organizations in Louisville and
most recently served as the treasurer for a non-profit organization with $3
million in annual revenue and $2 million in assets.
He holds a Master’s Degree in Business Administration from the University of
Louisville and a Bachelor of Arts Degree in Economics from Centre College in
About Porter Bancorp, Inc.
Porter Bancorp, Inc., a bank holding company headquartered in Louisville,
Kentucky, had $1.2billion in assets asof December31, 2012. Through Porter’s
subsidiary PBI Bank, it operates 18 full service banking offices in Kentucky.
Porter Bancorp’s common stock is traded on the Nasdaq Global Market under the
Statements in this press release relating to Porter Bancorp’s plans,
objectives, expectations or future performance are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
The words “believe,” “may,” “should,” “anticipate,” “estimate,” “expect,”
“intend,” “objective,” “seek,” “plan,” “strive” or similar words, or negatives
of these words, identify forward-looking statements. These forward-looking
statements are based on management’s current expectations. Porter Bancorp’s
actual results in future periods may differ materially from those currently
expected due to various risks and uncertainties, including those discussed
under “Risk Factors” in the Company’s Form 10-K and subsequent periodic
reports filed with the Securities and Exchange Commission. The forward-looking
statements in this press release are made as of the date of the release and
Porter Bancorp does not assume any responsibility to update these statements.
Porter Bancorp, Inc.
John T. Taylor, 502-499-4800
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