TriCo Bancshares Announces Three Appointments to Its Board of Directors
February 11 2020 - 5:00PM
Business Wire
TriCo Bancshares (the “Company”) (NASDAQ: TCBK) announced today
the appointment of Kirsten E. Garen, Margaret L. Kane, and
Kimberley H. Vogel to the Board of Directors of the Company
(“Board”) and of its wholly-owned subsidiary Tri Counties Bank (the
“Bank”), effective February 19, 2020. Garen is EVP, Chief
Information Officer for Delta Dental of California, a San
Francisco, CA dental benefits company. Kane is President and CEO of
Kane Bank Services, a Sacramento, CA bank consulting firm. Vogel is
the former president and co-founder of BaseVenture Investing, Inc.,
a San Rafael, CA cloud-based software company. The new directors
are expected to stand for election at the Company’s 2020 Annual
Meeting of Shareholders.
“We are pleased to welcome Kirsten, Margaret and Kim at this
important next stage of TriCo’s growth,” said Richard Smith, the
Company’s President and CEO. “Their depth of knowledge in their
respective industries complements the Board’s breadth and talent
and will be extremely valuable to the Board as the Company
continues to execute on its strategic initiatives. The deep roots
of Kim and Kirsten in the San Francisco Bay area and Margaret in
the Sacramento area will provide us with added insight into two of
our important growth markets. In addition, they will bring fresh
ideas to help us address the challenges facing the financial
services industry,” added Smith.
The appointments expand the Board to 15 members. The Board of
Directors regularly evaluates its composition to ensure the
appropriate skill, experience and perspective necessary to drive
change and growth for all the Company’s stakeholders. The additions
are in advance of the retirements of Bill Casey, Chairman, and
Virginia Walker, both of whom will retire at the Company’s annual
meeting of shareholders in May 2020 due to a mandatory retirement
age provision in the Company’s bylaws. “It has been an honor and
privilege to serve our shareholders for over 30 years,” said
Chairman Casey. “I have great confidence in our Board and
management and look forward to the Company’s continued success,”
Casey added.
“Bill has been both a mentor and a great friend since I joined
Tri Counties; his wisdom and candor has guided our Board through
many economic cycles. Virginia has challenged the Board and
management to continue to push for excellence during her over
10-year Board tenure,” said Richard Smith.
In addition, the Board was notified by Thomas G. Atwood, D.D.S
that he would not be seeking re-election as a director of the
Company and therefore would be retiring from the Board effective
May 27, 2020. “Dr. Atwood has been a valuable director since our
acquisition of FNB Bancorp and we will miss his guidance,” said
Richard Smith.
About TriCo Bancshares
Established in 1975, Tri Counties Bank is a wholly-owned
subsidiary of TriCo Bancshares (NASDAQ: TCBK) headquartered in
Chico, California, providing a unique brand of customer Service
with Solutions available in traditional stand-alone and
in-store bank branches in communities throughout Northern and
Central California. Tri Counties Bank provides an extensive and
competitive breadth of consumer, small business and commercial
banking financial services, along with convenient around-the-clock
ATM, and online and mobile banking access. Brokerage services are
provided by the Bank’s investment services through affiliation with
Raymond James Financial Services, Inc. Visit
www.TriCountiesBank.com to learn more.
Forward-Looking Statements
This press release includes forward-looking statements within
the meaning of the "Safe-Harbor" provisions of the Private
Securities Litigation Reform Act of 1995. These statements are
necessarily subject to risk and uncertainty and actual results
could differ materially from those anticipated due to various
factors, including those set forth from time to time in the
documents filed or furnished by TriCo Bancshares with the
Securities and Exchange Commission. You should not place undue
reliance on forward-looking statements and TriCo Bancshares
undertakes no obligation to update any such statements to reflect
circumstances or events that occur after the date on which the
forward-looking statement is made.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200211005801/en/
Richard Smith President & CEO (530) 898-0300
TriCo Bancshares (NASDAQ:TCBK)
Historical Stock Chart
From Jun 2024 to Jul 2024
TriCo Bancshares (NASDAQ:TCBK)
Historical Stock Chart
From Jul 2023 to Jul 2024