Coast National Bank Names Paul Cable as Chief Financial Officer
October 24 2013 - 6:41PM
Marketwired
Coast National Bank Names Paul Cable as Chief Financial Officer
SAN LUIS OBISPO, CA--(Marketwired - Oct 24, 2013) - Coast
Bancorp (OTCBB: CTBP) today announced it has selected Paul Cable to
serve as Executive Vice President and Chief Financial Officer of
both Coast Bancorp and its wholly owned subsidiary, Coast National
Bank.
Mr. Cable joins the bank with more than 30 years of banking
experience having most recently served as Finance Executive with
Regents Bank. His professional history includes more than 20 years
of experience as Chief Financial Officer with various sizes of
community banks in Southern California.
"Paul's talent and experience will be of great value to our team
and will make a strong contribution to our continued positive
efforts," said Anita Robinson, President and Chief Executive
Officer of Coast Bancorp and Coast National Bank.
Mr. Cable's educational background includes an MBA in accounting
from National University and a BA in Business Administration and
History from California Lutheran College. He also attended the
BAI School of Bank Administration.
Mr. Cable will succeed former Chief Financial Officer Karan Pohl
who resigned in May 2013. The position of Director of Finance
was eliminated in October 2013, held by James M. Kaney. Mr.
Kaney is no longer with the company.
Established in 1997, Coast National Bank is a local community
bank serving consumers and businesses through four local offices
serving San Luis Obispo County. With a focus on delivering
outstanding customer service, Coast National Bank is an expert in
small business lending and provides an array of business and
personal banking deposit products and other services. For further
information, visit www.coastnationalbank.com or call 805.541.0400.
Coast National Bank is an equal housing lender and member FDIC.
Statements concerning future performance, developments or
events, expectations for growth, income forecasts, sales activity
for collateral, and any other guidance on future periods,
constitute forward-looking statements that are subject to a number
of risks and uncertainties. Actual results may differ materially
from stated expectations. Specific factors include, but are not
limited to the ongoing financial crisis in the United States and
the markets in which Coast National Bank operates, and the response
of the federal and state government and our regulators thereto,
continued growth, Coast National Bank's beliefs as to the adequacy
of its existing and anticipated allowances for loan losses, beliefs
and expectations regarding actions that may be taken by regulatory
authorities having oversight of Coast National Bank's operations,
interest rates and financial policies of the United States
government, continued weakness in the real estate markets within
which we operate and general economic conditions. If any of these
risks or uncertainties materializes or if any of the assumptions
underlying such forward-looking statements proves to be incorrect,
Coast Bancorp's results could differ materially from those
expressed in, implied or projected by such forward-looking
statements. Coast National Bank assumes no obligation to update
such forward-looking statements.
Contact: Anita Robinson 805.547.6135