CORAL GABLES, Fla., May 22, 2013 (GLOBE NEWSWIRE) -- Capital Bank Financial Corp. (CBF) today announced that James A. Arndts has been appointed BSA Compliance Executive for Capital Bank, N.A. Mr. Arndts experience includes more than 11 years in the design, implementation, monitoring and oversight of BSA/AML compliance programs, most recently as Head, Global Anti-Money Laundering Financial Intelligence Unit, Global AML Compliance for RBC since April 2010. He joined RBC in August 2007 as Senior Manager, Anti-Money Laundering Compliance, Strategy, Program Development and Oversight. Previously, Mr. Arndts was with Bank of America from January 2002 where he held the position of Vice President, Senior Risk Technology Team Manager, Anti-Money Laundering Technology.
Gene Taylor, Chairman and CEO of Capital Bank Financial Corp., remarked, "We are very pleased to be adding an individual with Jim Arndts' expertise to our team, and we welcome him to Capital Bank. His extensive BSA/AML compliance experience includes risk management, technology solution design and deployment, investigations and analytics, and regulatory compliance and sanctions. His addition to our team reflects our deep commitment to operating and enhancing a strong regulatory compliance framework, consistent with our goal of developing the premier regional banking franchise in the Southeast."
Forward Looking Statements
Information in this press release contains forward-looking statements. Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "intends" and similar words or phrases. Accordingly, these statements are only predictions and involve estimates, known and unknown risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed in them. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of several factors more fully described under the caption "Risk Factors" in the prospectus and other periodic reports filed by us with the Securities and Exchange Commission. Any or all of our forward-looking statements in this press release may turn out to be inaccurate. The inclusion of this forward-looking information should not be regarded as a representation by us or any other person that the future plans, estimates or expectations contemplated by us will be achieved. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward looking statements including, but not limited to statements regarding: (1) changes in general economic and financial market conditions; (2) changes in the regulatory environment; (3) economic conditions generally and in the financial services industry; (4) changes in the economy affecting real estate values; (5) our ability to achieve loan and deposit growth; (6) the completion of future acquisitions or business combinations and our ability to integrate the acquired business into our business model; (7) projected population and income growth in our targeted market areas; and (8) volatility and direction of market interest rates and a weakening of the economy which could materially impact credit quality trends and the ability to generate loans. All forward-looking statements are necessarily only estimates of future results and actual results may differ materially from expectations. You are, therefore, cautioned not to place undue reliance on such statements which should be read in conjunction with the other cautionary statements that are included elsewhere in this press release. Further, any forward-looking statement speaks only as of the date on which it is made and we undertake no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.
About Capital Bank Financial Corp.
Capital Bank Financial Corp. is a national bank holding company, formed in 2009 to create a premier regional banking franchise in the southeastern United States. CBF is the parent of Capital Bank N.A., a national banking association with approximately $7.1 billion in total assets as of March 31, 2013 and 164 full-service banking offices throughout Florida, North Carolina, South Carolina, Tennessee and Virginia. To learn more about Capital Bank, N.A., please visit www.capitalbank-us.com.
Kenneth A. Posner
Chief of Investment Analytics
Phone: (704) 554-5901