Matrix Bancorp (NASDAQ:MTXC)
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From Jun 2019 to Jun 2024
Matrix Bancorp, Inc. (NASDAQ:MTXC) (the "Company")
announced today that its Matrix Capital Bank subsidiary has appointed
a new regional president for its third community bank branch in
Boulder, Colo. Concurrently, Matrix Capital Bank chose the site for
its new Boulder location.
Margie Joseph brings about 15 years of commercial banking
experience to her new role as president of the Boulder location. Most
recently, Joseph served as vice president/relationship manager for
commercial banking at Vectra Bank in Boulder (Parent: Zions
Bancorporation - NASDAQ:ZION), where she focused on developing and
maintaining commercial banking relationships. In 2005, Joseph was
named a top performer in Vectra Bank's Commercial Banking Group,
having exceeded sales expectations and been consistently recognized
for achieving revenue goals. Additionally, she has been extensively
involved in a range of community-minded activities on behalf of
Vectra. Previously, she was a relationship manager in the business
banking division of corporate banking for Compass Bank (NASDAQ:CBSS)
in Boulder. Joseph also spent several years at U.S. Bancorp in Boulder
(NYSE:USB), first as an assistant relationship manager and prior, a
credit analyst.
Patricia Myrick also joins the Company, as vice president of
branch operations and commercial banking. Her banking career spans 17
years; most recently she was branch manager at Vectra Bank in Boulder.
Myrick brings extensive commercial bank operations and customer
service experience to the organization. Both Joseph and Myrick will be
based out of Matrix Capital Bank's recently selected Boulder branch,
at the intersection of Arapahoe and 28th Streets, located at the
gateway entrance from Interstate 36 into Boulder proper. Once open,
this facility will become the Bank's flagship Boulder-branch
headquarters.
The building will occupy the full corner lot, providing
exceptional access and capability for a drive-through banking
operation and exposure to approximately 80,000 vehicles per day. It is
expected that the branch site, which will be leased upon satisfaction
of final due diligence, will become operational in the second half of
2006.
Scot T. Wetzel, the Company's president and chief executive
officer and chairman, president and chief executive officer of Matrix
Capital Bank, said: "We welcome Margie and Pat to our banking family
and believe they will be valuable additions to our organization as we
build and sustain our community banking relations in Boulder. Their
extensive commercial banking experience in the Boulder market will
serve as an excellent foundation as we seek to expand our business in
what we believe to be one of Colorado's most thriving banking markets.
"We continue to execute on our expanded business strategy and
Margie's appointment is indicative of our ability to identify veteran
seasoned bankers with deep roots within Colorado's key markets who can
serve as presidents of the community branches we are building. This
marks our third location and as previously stated, we plan to grow
this franchise to about five to seven community-based branches during
the next three to five years. We are certainly on track to accomplish
this," Wetzel explained.
Joseph added: "Joining Matrix Capital Bank is an excellent
opportunity. I will have a chance to build the business from the
ground up in Boulder, where I have developed significant relationships
and a solid footing during the seven years I've spent here. I am
excited to be part of Matrix' mission to build a community bank
franchise across Colorado's Front Range and to oversee the Boulder
operation, which represents an important geographic area in this mix.
I look forward to the contributions I will make in my new role."
Joseph resides in Broomfield, Colo. She earned a Bachelor of Arts
degree in political science and communication from the University of
Colorado at Boulder and a master's degree in business administration
from the University of Southern California in Los Angeles. Locally,
Joseph is affiliated with many organizations and community chapters.
She works with the Emergency Family Assistance Association Guild as
well as the Boulder Rotary, and serves on the United Way Finance
Committee. Previously, she was event chair and on the steering
committee for the Boulder Chamber of Commerce-Business Women's
Leadership Group and the committee chair for the Humane Society of
Boulder Valley.
Myrick is relocating to Broomfield. She earned a Bachelor of
Science in business administration from the University of
Colorado-Denver campus.
Denver-based Matrix Bancorp, Inc. is focused on developing its
community-based banking network through its Matrix Capital Bank
subsidiary by strategically positioning branches across Colorado's
Front Range market. The Bank plans to grow its network to an estimated
five to seven community-based branches over the next three to five
years. The Company recently identified "United Western" as its
proposed new brand name and anticipates a formal change in legal and
trade names during second or third quarter of 2006, after receiving
applicable regulatory and shareholder approvals.
At December 31, 2005, the Company reported total consolidated
assets of $2.1 billion, total loans of $1.4 billion, total deposits of
$1.1 billion and total consolidated shareholders equity of $180.7
million (includes proceeds used for the Company's January 2006 tender
offer). For more information, please visit www.matrixbancorp.com.
Certain statements contained in this press release that are not
historical facts, including, but not limited to, statements that can
be identified by the use of forward-looking terminology such as "may,"
"will," "expect," "anticipate," "predict," "believe," "plan,"
"estimate" or "continue" or the negative thereof or other variations
thereon or comparable terminology, are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995, and involve a number of risks and uncertainties. The actual
results of the future events described in such forward-looking
statements in this interim report could differ materially from those
stated in such forward-looking statements. Among the factors that
could cause actual results to differ materially are: the timing of
regulatory approvals or consents for new branches or other
contemplated actions; the availability of suitable and desirable
locations for additional branches; the continuing strength of our
existing business, which may be affected by various factors,
including, but not limited to, interest rate fluctuations; level of
delinquencies; defaults and prepayments; general economic conditions;
competition; the delay in or failure to receive any required
shareholder approvals of the contemplated actions; the risks and
uncertainties discussed elsewhere in the Company's Annual Report on
Form 10-K for the year ended December 31, 2004, and in the Company's
Current Report on Form 8-K, filed with the Securities and Exchange
Commission on November 7, 2005; and the uncertainties set forth from
time to time in the Company's periodic reports, filings and other
public statements.