Item 5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers.
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On May 15, 2019, TriCo Bancshares (TriCo), the holding company for Tri Counties Bank (Bank) announced
that Richard OSullivan, EVP, Chief Lending Officer has informed TriCo that he will retire July 31, 2019 after 35 years of service to the Bank. Upon Mr. OSullivans retirement, Dan Bailey, currently EVP, Chief Retail
Banking Officer, will assume added responsibility for the Commercial Banking Group. Mr. Bailey currently has responsibility for the following business groups within the bank: Business Banking, Treasury Management, Merchant Services, Wealth
Management, Mortgage Lending, and the Banks 76 branch locations. He also oversees the Banks Marketing, Product Management, and Digital Channels areas. Mr. Baileys new title will be EVP, Chief Banking Officer.
Mr. OSullivan will continue as EVP, Chief Lending Officer until his retirement and he is expected to assist in the transition.
Mr. Bailey, age 50, has been an Executive Vice President at Tri Counties Bank since 2007. Prior to joining the bank, Mr. Bailey spent fifteen years
at a large national bank in Northern California, where he managed at the Senior Vice President level for many of those 15 years.
Mr. OSullivan, age 62, has served as EVP, Chief Lending Officer of the Bank since 1997. He was the Banks SVP, Customer Sales and Service from
1995 to 1997 and served as vice president and manager of the Banks Park Plaza branch from 1992 until 1995. Mr. OSullivan is also a partner in a family farm.
Referring to Mr. OSullivans upcoming retirement, Rick Smith, President & CEO commented, Richard has been a great asset to Tri
Counties as well as a long-time friend. On behalf of the Board of Directors and everyone at Tri Counties, I thank Richard for his contributions and dedication to the Company and its shareholders during his many years of service, and wish him well in
his future pursuits.
Mr. OSullivan stated, I am proud to have served Tri Counties Bank for my entire career in banking. It has
been a great run. Working with dedicated and talented team members over these many years, to achieve and exceed our goals and fulfill our mission, has been very rewarding. I am confident that my investment is in good hands with strong leadership
that will continue to build on a sound foundation. I wish continued success for Tri Counties Bank and all the people who make it great.