Porter Bancorp, Inc. Names Joseph C. Seiler as Executive Vice President, Head of Commercial Banking
April 29 2013 - 6:30AM
Business Wire
Porter Bancorp, Inc. (NASDAQ: PBIB), parent company of PBI Bank,
announced today that Joseph (Joe) C. Seiler has been named to head
the Bank's commercial banking business subject to regulatory
approval. When his appointment is approved he will become Executive
Vice President of PBI Bank.
“We are very pleased to have Joe Seiler join PBI Bank to lead
the building of our commercial banking line of business,” stated
John T. Taylor, President of Porter Bancorp. “Joe has significant
experience in corporate banking, real estate lending, credit
administration, and healthcare banking. He has served in senior
management positions at banks in Louisville for the past 22 years,
serving commercial customers throughout Kentucky, Tennessee,
southern Ohio and southern Indiana. We believe his extensive
commercial lending experience will be an important addition to our
team.”
Mr. Seiler most recently served as Executive Vice President,
Asset Resolution Team, of PNC Bank, Inc. in Louisville, Kentucky.
Prior to joining PNC Bank in 2009, he served as Executive Vice
President & Managing Director, Investment Real Estate Group for
National City Bank of Louisville, Kentucky. He is also actively
involved in professional and civic organizations in Louisville and
most recently served as the treasurer for a non-profit organization
with $3 million in annual revenue and $2 million in assets.
He holds a Master’s Degree in Business Administration from the
University of Louisville and a Bachelor of Arts Degree in Economics
from Centre College in Danville, Kentucky.
About Porter Bancorp, Inc.
Porter Bancorp, Inc., a bank holding company headquartered in
Louisville, Kentucky, had $1.2 billion in assets as of
December 31, 2012. Through Porter’s subsidiary PBI Bank, it
operates 18 full service banking offices in Kentucky. Porter
Bancorp’s common stock is traded on the Nasdaq Global Market under
the symbol “PBIB.”
Forward-Looking Statements
Statements in this press release relating to Porter Bancorp’s
plans, objectives, expectations or future performance are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The words “believe,”
“may,” “should,” “anticipate,” “estimate,” “expect,” “intend,”
“objective,” “seek,” “plan,” “strive” or similar words, or
negatives of these words, identify forward-looking statements.
These forward-looking statements are based on management’s current
expectations. Porter Bancorp’s actual results in future periods may
differ materially from those currently expected due to various
risks and uncertainties, including those discussed under “Risk
Factors” in the Company’s Form 10-K and subsequent periodic reports
filed with the Securities and Exchange Commission. The
forward-looking statements in this press release are made as of the
date of the release and Porter Bancorp does not assume any
responsibility to update these statements.
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