BankIPO.com Client Receives Permission to Organize.NAPA, Calif. -- BankIPO.com announced today that its de novo [Latin, Anew.] A second time; afresh. A trial or a hearing that is ordered by an appellate court that has reviewed the record of a hearing in a lower court and sent the matter back to the original court for a new trial, as if it had not been previously heard nor decided. bank client, Bank of Napa, N.A. (In Organization), received permission to organize from the Office of the Comptroller of the Currency The Office of the Comptroller of the Currency (or OCC) was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and the federal branches and agencies of foreign banks in the United States. (OCC OCC See: Options Clearing Corporation OCC See Options Clearing Corporation (OCC). ) on November 7, 2005. The organizers are now approved to formally organize their federally chartered bank Chartered Bank A financial institution whose primary roles are to accept and safeguard monetary deposits from individuals and organizations, and to lend money out. The details vary from country to country, but usually a chartered bank in operation has obtained government permission , which will be headquartered in Redwood Plaza at 2007 Redwood Road, Suite 101, with the commencement of their offering. "We are pleased to have entered the 'Initial Public Offering' (IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ) phase of the development of a new Community Bank," said Lisa Paul, Capitalization Chairperson. "The capital campaign meetings are being hosted throughout the community and are being very well received, and we are hearing from our community the affirmation and need for quality banking services and the need for our organization in the Napa Valley. It is an exciting time for the Organizers to be meeting with community members that will define our future relationships and establish the bank's commitment to local businesses and individuals. The Bank has launched a comprehensive and inclusive capitalization strategy that will include every demographic of the Napa community." The sixteen members of the organizing group include: Richard Anderson, former Executive VP of Manufacturing and Purchasing and board member of Valassis Communications; Wain Beard, a specialist in the technology field and a former officer with several publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. ; Greg Bennett, a Partner and CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. with G & J Seiberlich and Co LLP LLP - Lower Layer Protocol ; Thomas Faragher, a retired banker and current Administrative Director at The Land Trust of Napa County; M. Thomas LeMasters, proposed Executive Vice President and Chief Financial Officer; Michael Livingston, a Licensed Real Estate Broker, General Contractor and Commercial Property Manager; Malcolm Mackenzie, Managing Partner of Coombs Coombs can refer to:
Bank of Napa, N.A. (IO) will be a community bank owned by the community it serves. The organizers intend to deliver high-quality, personal service to individuals, professionals and business clients in the Napa area by providing responsive service and appropriate products to discerning clients who appreciate and demand individual attention. The bank's permanent location will be 2007 Redwood Road, Suite 101, located in the Redwood Plaza. A temporary office has been established at 3383 Solano Avenue, also in the Redwood Plaza. For more information about Bank of Napa, N.A. (IO), or to inquire about the ongoing offering, please visit www.bankipo.com. Investments into Bank of Napa, N.A. (IO) can be made only by obtaining a printed copy of the Offering Circular Offering Circular An abbreviated prospectus for a new security listing. Delivered to individuals and brokerage houses, these documents are issued to arouse interest in the new issue. Notes: An offering circular allows investors to access information regarding a new issue. by contacting the bank or its representatives, or downloading it from this site and following the investment guidelines stated therein. Bank of Napa, N.A. (IO) reserves the right to refuse investments they feel would remove control of the bank from the hands of the community it is chartered in. Forward-Looking Information -- This press release contains forward-looking statements. It should be reviewed in conjunction with the Bank of Napa, N.A. (IO) Offering Circular, copies of which are available from Bank of Napa, N.A. (IO) upon request. Such publicly available information provides additional information regarding risks and uncertainties related to Bank of Napa, N.A. (IO) business that should be considered in evaluating "forward-looking statements." |
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