1st Capital Bank Announces Retirement of Francis H. "Sonny" Rianda From the
Board of Directors and Appointment as a Director Emeritus
MONTEREY, CA -- (Marketwired) -- 08/19/13 -- 1st Capital Bank
(OTCQB: FISB) (the "Bank") today announced that Francis H. "Sonny"
Rianda voluntarily retired from the Board of Directors effective
August 16, 2013. Mr. Rianda will continue his longstanding ties with
the Bank as its fourth Director Emeritus.
Mr. Rianda, age 81, was part of the original organizing group that
started the Bank and has served as a director for seven years. Mr.
Rianda is the President and Owner of Coastal Tractor, with operations
in Monterey and San Luis Obispo Counties. Mr. Rianda has been active
in Monterey County community organizations for over 50 years.
Commenting on the retirement, Kurt Gollnick, the Bank's Chairman of
the Board, stated: "We are deeply appreciative of the enormous
contributions Sonny has made to the Bank over the past seven years.
His commitment to high quality corporate governance has been
unwavering. He has represented the Bank well in our local market
area, leading to many long-term and high quality client
relationships. We are pleased that Sonny has agreed to continue
working with the Bank as a Director Emeritus, helping us achieve our
goal of maintaining the strong pace of organic growth we've enjoyed
throughout his tenure."
Daniel Hightower, the Vice Chairman of the Board, added: "The Bank
does not have any formal retirement age for its directors, leaving
the timeframe for retirement up to the individual Board member in
consultation with his fellow directors. Sonny approached us at the
most recent Board meeting and communicated his desire to retire and
spend more time with his family."
Mark Andino, the Bank's President and Chief Executive Officer,
stated: "I have much enjoyed working with Sonny since joining the
Bank last year. His local market knowledge has been a great asset to
the Bank. We look forward to staying in close contact with Sonny in
his new role as a Director Emeritus."
Mr. Rianda commented: "It has been a privilege to work with such a
dedicated, professional, and energetic group of directors. I plan to
continue maintaining strong ties to the Bank based upon the many very
close relationships develo
ped over the past seven years. I will also
maintain my focus on the financial success of the Bank as a
significant shareholder. With the recent appointment of Francis
Giudici as a Bank director, I know that the Board will continue to be
well staffed by highly competent individuals who share a fundamental
commitment to enhancing shareholder value. I also look forward to
continuing to work with the Bank as a client and as a Director
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
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
Chief Financial Officer
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