Matrix Bancorp (NASDAQ:MTXC)
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From Jun 2019 to Jun 2024
Matrix Bancorp, Inc. (NASDAQ: MTXC) (the "Company")
announced today that Theodore J. Abariotes has been appointed to the
post of general counsel, senior vice president and secretary,
effective immediately.
Abariotes rejoins Matrix after a brief hiatus. He had served as
assistant general counsel at Matrix Bancorp from 2001-2005. Most
recently, he served as general counsel and senior vice president for
Specialized Loan Servicing LLC, a mortgage loan servicing company in
Highlands Ranch, Colo. Prior to working at Matrix Bancorp, he was
senior counsel for Denver-based John H. Harland Co., a software
company serving the financial services arena.
Before relocating to the metro-Denver area in 1998, Abariotes was
president and general counsel for Water Tower Bank in Chicago, which
was later acquired by Banco Popular. He also was general counsel at
the holding company for Water Tower Bank and other affiliated banks
located in the Chicago area before being promoted by the holding
company's board of directors to president and general counsel at Water
Tower Bank. Abariotes is a member of both the Colorado and Illinois
bar associations.
Scot T. Wetzel, the Company's president and chief executive
officer and chairman, president and chief executive officer of the
company's Matrix Capital Bank subsidiary, stated: "We are pleased to
welcome Ted back to the Company. Now, as we focus our efforts toward
building a community bank branching network, Ted's knowledge of both
the Matrix platform as well as his prior experience serving as a bank
president, will bode well for the Company. Ted had made significant
contributions to the company during his previous four-year tenure, and
we look forward to having him work with us again."
Abariotes added: "I am excited to once again join the company and
its new senior management team. This is an excellent opportunity for
me as I parlay my broad-based knowledge of Matrix Bancorp and its
subsidiaries into the redirection of the community bank into a local
franchise throughout Colorado's Front Range marketplace."
Abariotes replaces T. Allen McConnell who will leave the Company
in June 2006.
Abariotes, 43, resides in Golden, Colo., with his wife and two
children. He earned a bachelor of arts degree from the University of
Nebraska in Lincoln, Neb., and a juris doctor (J.D.) from Creighton
University School of Law in Omaha. He is member of Colorado Bar
Association's Subcommittee on Financial Institutions.
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 press release 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, 2005, filed with the
Securities and Exchange Commission on March 15, 2006; and the
uncertainties set forth from time to time in the Company's periodic
reports, filings and other public statements.