Bancorp Rhode Island Shareholders Overwhelmingly Elect All Board's Director Nominees.Final Results of 2007 Annual Meeting Certified By Independent Inspector of Election PROVIDENCE, R.I. -- Bancorp Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BARI) today announced that all of the Board of Director's nominees have been elected. The votes from BancorpRI's May 16, 2007 Annual Meeting of Shareholders have been tabulated and certified by IVS ivs - INRIA Videoconferencing System. A video-conferencing tool for the Internet based on the H.261 video compression standard. http://zenon.inria.fr:8003/rodeo/personnel/Thierry.Turletti/ivs.html. Associates, Inc., the independent inspector of elections. Directors John R. Berger, Richard L. Bready, Mark R. Feinstein, Michael E. McMahon and Pablo Rodriguez, M.D. will serve on the BancorpRI Board until the 2010 Annual Meeting of Shareholders. More than 90% of BancorpRI's outstanding shares of common stock were voted, and over 62% of all votes cast were for the directors recommended by BancorpRI's Board. PL Capital Group's ("PL Capital") principals, Richard Lashley and John Palmer John Palmer is the name of several notable individuals, including:
A battle for the control of a firm in which a dissident group seeks, from the firm's other shareholders, the right to vote those shareholders' shares in favor of the dissident group's slate of directors. Also called proxy fights. . The elected BancorpRI directors each garnered over 1 million more votes (out of the 4.4 million shares voted) than the two nominees put forward by PL Capital. "On behalf of BancorpRI's Board of Directors and management team, we thank both our institutional and individual investors for their continued support of the Board's nominees," said Bancorp Rhode Island, Inc.'s Chairman Malcolm G. Chace. "With the leadership and guidance of our directors, all of whom have extensive financial and business experience, along with an understanding of the Rhode Island market, we look forward to continuing to execute our strategic plan and deliver value to all our shareholders." Bank Rhode Island, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Bancorp Rhode Island, Inc., is a full-service, FDIC-insured financial institution headquartered in Providence, Rhode Island  “Providence” redirects here. For other uses, see Providence (disambiguation). Providence is the capital and the most populous city of the U.S. . The bank operates 16 branches throughout Providence, Kent and Washington Counties. This release may contain "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent the company's present expectations or beliefs concerning future events. The company cautions that such statements are necessarily based on certain assumptions which are subject to risks and uncertainties, including, but not limited to, changes in general economic conditions and changing competition which could cause actual future results to differ materially from those indicated herein. Further information on these risk factors is included in the company's filings with the Securities and Exchange Commission. |
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