Intervest Bancshares Corporation Announces Appointment of New Director
October 29 2012 - 8:30AM
Business Wire
Lowell Dansker, Chairman of the Board of Directors and Chief
Executive Officer of Intervest Bancshares Corporation (the
“Company”) (NASDAQ: IBCA), the parent company of Intervest National
Bank, today announced that C. Wayne Crowell has joined the Board of
Directors of the Company.
Mr. Dansker stated, “Wayne brings a wealth of experience, having
spent more than 35 years in the Office of the Comptroller of the
Currency, most recently as Assistant Deputy Comptroller. He has
extensive experience with respect to financial institutions and we
are pleased that he will be joining our Board of Directors.”
Mr. Crowell was elected to the Board of Directors by the U.S.
Department of the Treasury (“Treasury”) pursuant to its rights as
the holder of the Company’s Fixed Rate Cumulative Perpetual
Preferred Stock, Series A. While Treasury’s contractual rights do
not address service on the Board of Directors of Intervest National
Bank, the Company’s wholly-owned bank subsidiary, the Company has
commenced the process to have Mr. Crowell approved to also serve on
the Board of Directors of that Bank.
Intervest Bancshares Corporation
Intervest Bancshares Corporation is a bank holding company. Its
principal operating subsidiary is Intervest National Bank, a
nationally chartered commercial bank that has its headquarters and
full-service banking office at One Rockefeller Plaza, in New York
City, and a total of six full-service banking offices in Clearwater
and Gulfport, Florida. Intervest Bancshares Corporation's Common
Stock is listed on the NASDAQ Global Select Market: Trading Symbol
IBCA.
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