1st Capital Bank Announces Change in Executive Officer
MONTEREY, CA -- (Marketwired) -- 09/10/13 -- 1st Capital Bank
(OTCQB: FISB) (the "Bank") today announced that the Bank's Chief
Financial Officer, Jayme C. Fields, resigned effective September 9,
2013. Ms. Fields served as the Bank's Chief Financial Officer since
its inception in 2006.
The Bank also announced that Marilyn Goode has been appointed as the
Bank's Interim Chief Financial Officer effective with the departure
of Ms. Fields. Ms. Goode has been an executive officer of the Bank
since 2007, most recently serving as Chief Administrative Officer.
Ms. Goode has 45 years of banking experience, including prior service
as a bank Chief Financial Officer. Ms. Goode will be assisted in
managing the Bank's accounting, treasury, reporting, and tax related
functions by Debra DeCius, who was recently appointed as the Bank's
Controller. Ms. DeCius has worked for the Bank since 2010 in a number
of roles, has over 35 years of banking experience, and has previously
served as the Controller for another financial institution.
The Bank also today announced the hire of H. Irene Shippee as the
Bank's new Senior Vice President and Operations Administrator. Ms.
Shippee will assume Ms. Goode's prior responsibilities in regards to
managing the Bank's branch offices, deposit operations, cash
management, and electronic banking functions. Ms. Shippee is a
veteran California banker with over 25 years of experience in the
areas that she will supervise for the Bank.
The Bank has commenced recruiting for a permanent Chief Financial
Officer in light of Ms. Goode's planned retirement sometime during
Commenting on the staffing changes, Mark Andino, the Bank's President
and Chief Executive Officer, stated: "We are fortunate to have a deep
management team comprised of individuals who have worked in multiple
functional areas over long term careers in the financial services
industry. In addition, we welcome Ms. Shippee to 1st Capital Bank. I
have worked with Ms. Shippee twice over the past 20 years. She is a
high caliber banker with extensive experience across multiple
disciplines and with significant knowledge of the California
Kurt Gollnick, the Bank's Chairman of the Board, added: "As part of
the Bank's succession planning, we have aimed to recruit professional
bankers with expertise across a wide range of functions. For example,
Mr. Andino has previously served as a bank Director, Chief Financial
Officer, Chief Operating Officer, and Chief Administrative Officer,
while Regional President Clay Larson has prior service as a bank
Director, President, and Chief Executive Officer. The Board of
Directors has supported hiring career bankers with skills in multiple
areas since the formation of the Bank, recognizing that management
turnover is an inevitable component of operating a growing company
over an extended period of time."
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
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