FOLSOM, CA--(Marketwire - Mar 5, 2013) - Sierra Vista Bank (
Ms. Warden has a long, well-regarded history in business, banking and community service in El Dorado County. Her experience includes management at El Dorado Disposal Co. She has worked in a range of community banking positions including mortgage lending and has served on the Board of Directors of Western Sierra Bancorp.
Mr. Bandi is a Chartered Financial Analyst and has more than two decades of experience analyzing investments and particularly the value and strength of financial companies. He is a principal and Chief Investment Officer of Integrity Asset Management, an Ohio-based investment advisory firm which he helped start in 2003 that has grown to manage more than $3.1 billion in assets.
"We're thrilled to have two people of this caliber join our board," stated Greg Patton, President & CEO. "Dan's skills, experience and expertise will make our financial team even stronger. Lori's deep connections in our region, and her knowledge of the people, businesses and causes in our community are an ideal fit for what this bank is all about." Lori is a Placerville resident and current President of the Placerville Kiwanis Club.
Lori was appointed after Jim Carter, longtime president of Carter-Kelly Inc., one of the most respected construction firms in the Northern California region, announced he is stepping down from the board, but will maintain close ties with the bank.
"Jim has been a tremendous asset to the board since he joined in 2009," Mr. Patton said. "He remains a close friend of the bank, an advocate for us in El Dorado County, and a significant investor and customer."
Both Ms. Warden and Mr. Bandi said they particularly appreciate what community banks like Sierra Vista can do for customers. "Sierra Vista Bank can be more flexible, and they're more aware of who they're doing business with," Ms. Warden said. "They actually know what the businesses do in the community, what their products are, and they help those businesses network with each other."
"Community banks fit my basic business philosophy," Mr. Bandi said. "You focus on two things -- perform well and treat your customers right."
About Sierra Vista Bank
Sierra Vista Bank is a locally owned community bank headquartered at 1710 Prairie City Rd. in Folsom, California since March 2007 and has a branch located in the Sam's Town Center in Cameron Park. The Bank prides itself on serving the financial needs of small businesses and professionals in Folsom and throughout the Highway 50 Corridor while remaining committed to community philanthropy. Additional information about Sierra Vista Bank can be found at www.sierravistabank.com or by calling (916) 850-1500.
Forward Looking Statement:
In addition to historical information, this press release includes forward-looking statements, such as statements regarding increases in non-interest income, future profitability, the bank's ability to address challenges impacting economy in which it operates and future loan losses, which reflect management's current expectations for the bank's future financial results and business prospects. Forward-looking statements are inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to: (a) changes in competitive pressures among depository and other financial institutions or in the bank's ability to compete effectively against larger financial institutions in its banking market; (b) actions of government regulators or changes in laws, regulations or accounting standards, that adversely affect the bank's business; (c) changes in interest rates and/or inflation; (d) changes in general economic or business conditions and the real estate market in the bank's market; and (e) other unexpected developments or changes in the bank's business or its customers' businesses. 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.