Business News
Commerce Bank of Folsom Appoints New Board Chairman
2008-07-24 12:33:00
Commerce Bank of Folsom Appoints New Board Chairman
Former CEO of Western Sierra Bancorp, Gary Gall, Accepts Position FOLSOM, Calif., July 24 /EMWNews/ -- Commerce Bank of Folsom (OTC Bulletin Board: CBFM), soon to be Sierra Vista Bank announced today, Gary D. Gall has been elected to and appointed Chairman of the Board of Directors pending regulatory approval. Current Chairman, Brady Whitlow will remain on the Board as Vice Chairman. "We are excited and pleased to add someone with Gary's experience and community relationships to our team," stated Brady Whitlow. Gall comes to Commerce Bank of Folsom with a total of 33 years of banking experience in management, lending, banking laws and regulations with the majority of those years specifically focused on community banking. Gall has collected many accomplishments throughout his career, which include serving as the President of California Community Bankers Association. He most recently led Western Sierra Bancorp as the President and CEO. During his 13 year tenure there he grew assets from $50 million with four branches to over $1.2 billion and 31 branches and was recognized nationally for performing in the top 5 percent of community banks. "It is a honor to have Gary Gall join our team. He is a well respected leader and a highly regarded businessman in the financial industry. His dedication to relationship banking fits perfectly within our ideals and vision," commented Greg Patton, President and CEO, Commerce Bank of Folsom. Gall is deeply committed to his community. Currently, he serves as a member of Cameron Park Rotary Club, is President of Cameron Park Rotary Community Foundation and has served on the Board of Trustees for Simpson University in Redding, California since 1998. He is also a Charter Board member of the El Dorado County Boys & Girls Club and a member of the Board for the Cameron Park County Club.
About Commerce Bank of Folsom Commerce Bank of Folsom is a locally owned community bank located at 1710 Prairie City Road in Folsom, since March 2007. The Bank prides itself on serving the financial needs of small businesses and professionals in the greater Folsom area and is committed to community philanthropy. Additional information about Commerce Bank of Folsom can be found at http://www.cobankfolsom.com or by calling (916) 850-1500. Forward Looking Statement: This release may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, and competition within the business areas in which the Bank will be conducting its operations, including the real estate market in California and other factors beyond the Bank's control. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. You should not place undue reliance on the forward-looking statements, which reflect management's view only as of the date hereof. The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.
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