Capital Pacific Bancorp Elects Board Members

Marketwired

PORTLAND, OR--(Marketwired - May 24, 2013) - Capital Pacific Bancorp (OTCQB: CPBO) announced today the results of recent elections to its board of directors.

Michael Blanchard of San Francisco, Calif., was elected to his first three-year term, beginning May 6, 2013. Blanchard is an investment analyst employed by Davis Capital Partners, where he researches equity investments in financial institutions. He spent four years at Citigroup Global Markets Inc., in New York, covering the financial services sector for an internal investment group.

"Michael represents the interests of a significant shareholder that supported us when access to capital was tight," said Mark Stevenson, president and CEO of Capital Pacific Bancorp. "This group knows our bank well, and is keenly interested in the performance and success of community banks. Their broad perspective of the national banking landscape, and their connections in the investment community, are tremendous assets to our continued growth and success."

Karen Whitman, current board chairman, was re-elected to a three-year term, beginning May 6, 2013. A highly-regarded Portland businesswoman and community leader, Whitman is also a founding director of Capital Pacific Bank. She has an extensive background in marketing, with more than 40 years of experience advising business executives, nonprofit board members and executives, and elected officials.

About Capital Pacific Bancorp
Capital Pacific Bancorp (OTCQB: CPBO) is the parent company of Capital Pacific Bank, which serves businesses, professionals and not-for-profit organizations with comprehensive banking expertise and an elite level of service. Centrally headquartered in the Fox Tower in downtown Portland, the Bank's full array of products and services are delivered through a strategic combination of vice president-level client service officers and the innovative application of technology. For more information on Capital Pacific Bancorp or to see past press releases, visit www.capitalpacificbank.com.

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