North Bay Bancorp Announces Appointment of Two New Directors
26 Octubre 2006 - 1:10PM
Business Wire
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.
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