North Bay Bancorp (NASDAQ:NBAN)
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North Bay Bancorp (NASDAQ:NBAN), parent of The Vintage Bank and its
division Solano Bank, today announced the appointment of Dennis G.
Schmal and Gary C. Wallace to the Boards of Directors of North Bay
Bancorp and its subsidiary, The Vintage Bank. The appointments were
effective October 21, 2006.
David Gaw, Chairman of the Board stated, “We
are delighted for this opportunity to bring Dennis and Gary on to our
Boards. In the process for searching for a new director to replace
Conrad Hewitt, who was appointed Chief Accountant of the Securities and
Exchange Commission, we secured two exceptionally well qualified
individuals.”
Mr. Schmal spent over 27 years as a partner with Arthur Andersen LLP
specializing in the financial services sector with a concentration in
banking. Mr. Schmal retired from Arthur Anderson in 1999 and currently
sits on the Board of Directors of several public companies. Mr. Schmal
is a Certified Public Accountant and a graduate of California State
University, Fresno.
Mr. Wallace recently retired as a partner with KPMG LLP where he was
employed since 1984. He also specialized in the financial services
sector with a concentration in banking. Mr. Wallace is a Certified
Public Accountant and a graduate of California State University, East
Bay.
“While both of our new directors have strong
banking industry credentials and qualify as financial experts, their
respective backgrounds have sufficient diversity to provide our Boards
with unique and complementary skills,” stated
Terry Robinson, President and CEO of North Bay Bancorp.
About North Bay Bancorp & The Vintage Bank
The Vintage Bank is a full-service commercial bank that offers a wide
selection of deposit, loan and investment services. The Bank, which
opened in January of 1985, is proud to celebrate 21 years of service and
growth throughout the Napa Valley, Northern California's number one
tourist destination and the nation's premier wine producing region, with
six locations in Napa County, including offices in American Canyon,
Gateway Industrial Park and St. Helena. The Solano Bank division, opened
in 2000 as a separately chartered bank, has offices in Vacaville,
Fairfield, Vallejo and Benicia. Solano County, projected to be the Bay
Area's fastest growing County through year 2030, provides excellent
growth opportunities for the Bank.
North Bay Bancorp was formed in 1999 as the holding company for The
Vintage Bank. Its stock is publicly traded on the NASDAQ National Market
under the symbol NBAN.
This news release contains forward-looking statements with respect to
the financial condition, results of operation and business of North Bay
Bancorp and its subsidiary. These include, but are not limited to,
statements that relate to or are dependent on estimates or assumptions
relating to the prospects of loan growth, credit quality and certain
operating efficiencies resulting from the operations of The Vintage Bank
and its Solano Bank Division. These forward-looking statements involve
certain risks and uncertainties. Factors that may cause actual results
to differ materially from those contemplated by such forward-looking
statements include, among others, the following possibilities: (1)
competitive pressure among financial services companies increases
significantly; (2) changes in the interest rate environment on interest
margins; (3) general economic conditions, internationally, nationally or
in the State of California are less favorable than expected; (4)
legislation or regulatory requirements or changes adversely affect the
business in which the combined organization will be engaged; (5)
finalization of the year-end audit results; (6) the ability to satisfy
the requirements of the Sarbanes-Oxley Act and other regulations
governing internal control and (7) other risks detailed in the North Bay
Bancorp reports filed with the Securities and Exchange Commission.
North Bay Bancorp (NASDAQ:NBAN), parent of The Vintage Bank and
its division Solano Bank, today announced the appointment of Dennis G.
Schmal and Gary C. Wallace to the Boards of Directors of North Bay
Bancorp and its subsidiary, The Vintage Bank. The appointments were
effective October 21, 2006.
David Gaw, Chairman of the Board stated, "We are delighted for
this opportunity to bring Dennis and Gary on to our Boards. In the
process for searching for a new director to replace Conrad Hewitt, who
was appointed Chief Accountant of the Securities and Exchange
Commission, we secured two exceptionally well qualified individuals."
Mr. Schmal spent over 27 years as a partner with Arthur Andersen
LLP specializing in the financial services sector with a concentration
in banking. Mr. Schmal retired from Arthur Anderson in 1999 and
currently sits on the Board of Directors of several public companies.
Mr. Schmal is a Certified Public Accountant and a graduate of
California State University, Fresno.
Mr. Wallace recently retired as a partner with KPMG LLP where he
was employed since 1984. He also specialized in the financial services
sector with a concentration in banking. Mr. Wallace is a Certified
Public Accountant and a graduate of California State University, East
Bay.
"While both of our new directors have strong banking industry
credentials and qualify as financial experts, their respective
backgrounds have sufficient diversity to provide our Boards with
unique and complementary skills," stated Terry Robinson, President and
CEO of North Bay Bancorp.
About North Bay Bancorp & The Vintage Bank
The Vintage Bank is a full-service commercial bank that offers a
wide selection of deposit, loan and investment services. The Bank,
which opened in January of 1985, is proud to celebrate 21 years of
service and growth throughout the Napa Valley, Northern California's
number one tourist destination and the nation's premier wine producing
region, with six locations in Napa County, including offices in
American Canyon, Gateway Industrial Park and St. Helena. The Solano
Bank division, opened in 2000 as a separately chartered bank, has
offices in Vacaville, Fairfield, Vallejo and Benicia. Solano County,
projected to be the Bay Area's fastest growing County through year
2030, provides excellent growth opportunities for the Bank.
North Bay Bancorp was formed in 1999 as the holding company for
The Vintage Bank. Its stock is publicly traded on the NASDAQ National
Market under the symbol NBAN.
This news release contains forward-looking statements with respect
to the financial condition, results of operation and business of North
Bay Bancorp and its subsidiary. These include, but are not limited to,
statements that relate to or are dependent on estimates or assumptions
relating to the prospects of loan growth, credit quality and certain
operating efficiencies resulting from the operations of The Vintage
Bank and its Solano Bank Division. These forward-looking statements
involve certain risks and uncertainties. Factors that may cause actual
results to differ materially from those contemplated by such
forward-looking statements include, among others, the following
possibilities: (1) competitive pressure among financial services
companies increases significantly; (2) changes in the interest rate
environment on interest margins; (3) general economic conditions,
internationally, nationally or in the State of California are less
favorable than expected; (4) legislation or regulatory requirements or
changes adversely affect the business in which the combined
organization will be engaged; (5) finalization of the year-end audit
results; (6) the ability to satisfy the requirements of the
Sarbanes-Oxley Act and other regulations governing internal control
and (7) other risks detailed in the North Bay Bancorp reports filed
with the Securities and Exchange Commission.