Vail Banks (NASDAQ:VAIL)
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Vail Banks, Inc. Announces Appointment of Brady Burt as Executive
Vice President and Chief Financial Officer
AVON, Colo., June 20 /PRNewswire-FirstCall/ -- Vail Banks, Inc. (NASDAQ:VAIL)
announced today that Brady Burt has been promoted to Executive Vice President
and Chief Financial Officer of the Company and its wholly-owned banking
subsidiary, WestStar Bank. Mr. Burt joined the Company in April 2002 as the
Vice President and Assistant Director of Internal Audit. He was promoted in
August 2003 to Senior Vice President and Director of Internal Audit and
Compliance. In February 2005, Mr. Burt transferred from heading up Internal
Audit and Compliance to leading the Company's accounting department. Mr. Burt
quickly assembled a strong financial team. Mr. Burt will also serve as
Chairman of the Company's Asset Liability Management Committee.
"We are always pleased when we are able to promote from within our ranks," said
Gary Judd, Vail Banks' President and CEO. Mr. Judd continued, "Mr. Burt has
proven his accounting and leadership skills and we are confident in Mr. Burt's
ability to lead this important component of the Company."
Prior to joining Vail Banks, Mr. Burt was a Vice President with Bank One in its
internal audit department. Previous to that position, Mr. Burt was with
PricewaterhouseCoopers and was a manager in its London office.
WestStar Bank is a Colorado-based bank specializing in serving individuals and
small-to-medium sized businesses. WestStar Bank has twenty-three offices
throughout the western portion of Colorado and Denver with assets over $650
million. WestStar Bank is a State of Colorado chartered commercial bank and is
a member of the Federal Reserve Bank. Its headquarters is located in Vail,
Colorado.
Vail Banks warns caution should be taken in relying upon any forward- looking
statements in this release, as they involve a number of risks and uncertainties
that could cause actual results to differ materially from any such statements,
including the risks and uncertainties discussed in the Company's Annual Report
on Form 10-K for the year ended December 31, 2004, under the caption "Certain
Factors Affecting Forward Looking Statements," which discussion is incorporated
herein by reference.
DATASOURCE: Vail Banks, Inc.
CONTACT: Raymond E. Verlinde, SEVP/CAO, +1-970-328-9710,
, for Vail Banks, Inc.