Mike Gibson Announces Retirement From Team Financial, Inc. After 36 Years of Service
24 Mayo 2007 - 6:16PM
PR Newswire (US)
PAOLA, Kansas, May 24 /PRNewswire-FirstCall/ -- Team Financial,
Inc. (the "Company", Nasdaq: TFIN) and Michael L. Gibson announced
that Mr. Gibson, President of Corporate Development, is retiring
from the Company pursuant to an early retirement agreement
effective June 30, 2007, following 36 years of service. Mr. Gibson
joined Miami County National Bank, the predecessor for TeamBank,
N.A. in 1971. He has served as an executive officer and a director
since May 1986. He has since served in various positions within the
Company including former President of TeamBank, N.A., and former
Chief Financial Officer/President of Investments of Team Financial,
Inc. Mr. Gibson was one of the original founders of the Company
which utilized the ESOP (Employee Stock Ownership Plan) to purchase
the bank from W.C. "Dub" Hartley in 1986 in a leveraged buyout.
Today, the ESOP owns approximately 25% of the Company. Mr. Gibson
also played a key role in taking the Company public in 1999.
Throughout his career, Mr. Gibson has played an active role in
various civic and banking organizations. He served as a member of
the Paola School Board, was an active member of the Paola Little
League and a current member of the First Presbyterian Church of
Paola, where he has served as Deacon and Elder. He has served in
the Miami County Bankers Association, and the American Bankers
Association. He is a member and a former President of the Kansas
Bankers Association, past Chairman of the Kansas Bankers
Association Federal Affairs Committee and a member of the Governing
Council. He also currently serves on the American Bankers
Association Government Relations Council. "The opportunity to take
early retirement is a goal Linda and I have had over the years. We
will remain active in the community we love," said Mike. "I am
looking forward to working with charitable activities and also new
entrepreneurial opportunities. I would like to thank all of my
friends, colleagues, and customers who have been loyal supporters
for the past 36 years. Without them my success would not have been
possible. I also want to acknowledge my continued support of the
Company. I am optimistic about the potential future increase in
shareholder value." Team Financial, Inc. is a financial services
company with $758 million in total assets. It operates in the
Kansas City metropolitan area, southeastern Kansas, western
Missouri, the Omaha, Nebraska metropolitan area, and in the
Colorado Springs, Colorado metropolitan area. The Company offers a
full range of consumer and corporate banking services, including
small business loans, mortgage loans, trust services, and
investment and brokerage services. For additional information on
Team Financial, Inc., visit its web site at
http://www.teamfinancialinc.com/ or call 913-294-9667. This press
release contains forward-looking statements under the Private
Securities Litigation Reform Act of 1995 that are subject to
certain risks and uncertainties that could cause actual results to
differ materially from historical income and those presently
anticipated or projected. The Company cautions readers not to place
undue reliance on any such forward looking statements, which speak
only as of the date of this release. Such risks and uncertainties
include those detailed in the Company's filings with the Securities
and Exchange Commission, risks of adversely changing results of
operations, risks related to the Company's expansion strategies,
risks relating to loans and investments, including the effect of
the change of the local economic conditions, risks associated with
the adverse effects of the changes in interest rates, and
competition for the Company's customers by other providers of
financial services, all of which are difficult to predict and many
of which are beyond the control of the Company. DATASOURCE: Team
Financial, Inc. CONTACT: Rick J. Tremblay, Chief Financial Officer,
+1-913-294-9667, , or Michael L. Gibson, President of Corporate
Development, +1-913-259-2172, , both of Team Financial, Inc. Web
site: http://www.teamfinancialinc.com/
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