Syringa Bancorp Announces Gibson as New President and Chief Executive Officer of Syringa Bank

Date : 02/05/2010 @ 8:39PM
Source : Business Wire
Stock : Syringa Bancorp (PN) (SGBP)
Quote : 0.007  0.0 (0.00%) @ 1:00AM

Syringa Bancorp Announces Gibson as New President and Chief Executive Officer of Syringa Bank

Syringa Bancorp (PN) (USOTC:SGBP)
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Syringa Bancorp (OTCBB:SGBP) The Board of Directors of Syringa Bank today announced the appointment and promotion of Scott Gibson to President and Chief Executive Officer of Syringa Bank.

“Since joining Syringa Bank in 2001, Scott has demonstrated not only strong financial acumen, but an impressive ability to lead. We are excited to have someone of Scott’s caliber as our President and CEO,” said Hilario Arguinchona, Chairman of the Board. “He brings a tremendous amount of experience and leadership credentials. His business intuition is a valuable asset to our bank and the communities we serve.”

Gibson, an Idaho native, graduated from Brigham Young University in Provo, Utah with a degree in Finance and holds a Masters Degree equivalent from the Pacific Coast Banking School in Seattle, Washington. He is a published author within banking industry journals and has served the banking industry in excess of twenty years. Most recently, Gibson served as Executive Vice President and Chief Credit Officer of Syringa Bank.

Jerry F. Aldape will remain President and Chief Executive Officer of Syringa Bancorp. He will continue to oversee investor relations for the Bancorp. “Syringa Bank has been grateful for Mr. Aldape’s dedicated service to the bank over the past 10 years,” said Arguinchona. “His contributions and leadership have guided the Bank to the community presence it enjoys today.”

Syringa Bancorp was organized in April 2005 as a holding company of Syringa Bank. The Bank was formed in 1996 and has since expanded to six branch locations and two mortgage offices, all within the state of Idaho. Syringa Bank is an Idaho state-chartered commercial bank.

Statements in this report regarding future events, performance or results are “forward-looking statements” within the meaning of the Private Litigation Reform Act of 1995 (“PSLRA”) and are made pursuant to the safe harbors of the PSLRA. Actual results could be materially different from those expressed or implied by the forward-looking statements. Factors that could cause results to differ include but are not limited to: general economic and banking business conditions, competitive conditions between banks and non-bank financial service providers, interest rate fluctuations, regulatory and accounting changes, risks related to construction and development, commercial real estate and consumer lending and other risks. Forward-looking statements are accurate only as of the date released, and we do not undertake any responsibility to update or revise any forward-looking statements to reflect subsequent events or circumstances.

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