Good thing! Maybe he will focus on running the bank instead of running for office and Heritage stock will finally do something!
Original HBKS founders had the vision ... they saw downtown was failing and things were moving out to Military Circle. How did the next "generation" of management miss that things were all moving out to the Beach? Tens of millions of dollars of value was lost by not moving to the Beach sooner!!!!!!!
CEO of a small bank is everything.
It looks like once a company goes "dark," the SEC deletes the entire file. This will probably still be here though.
From the Bank of Hampton Roads Press Release:
"Price joins BHR from Monarch Bank, where he served as President of the bank's Norfolk market for three years. Previously, he served as Executive Vice President and Commercial Loan Officer at Bank of the Commonwealth in Norfolk. Prior to that, he held a series of leadership positions at Heritage Bank & Trust, including President, over a period of 15 years."
Most likely true..........maybe this rout will bring hbks down for a buying opp.....sure hangs tough.......VaS
Did Mr. Keogh do a good job as CEO? Draw your own conclusion. Read Mr. Gurthrie's letter to the SEC filed on 8/31/2005 ... it's on the SEC's website:
"The Company had only three full-time accounting employees when Mr. Ives was hired, and two of those employees, the CFO and Accounting Manager, resigned within a week of his hiring. As a result, no one remaining in the accounting function at the Company knew where to find many of the financial and accounting records we needed and we had to locate them with little initial assistance. We have been further hampered by significant deficiencies in the Company’s prior record-keeping procedures, as many of the financial and accounting records that are customary for a business like the Company’s were incomplete or inaccurate."
Too bad no one posts on here. Some of this stuff is funny.