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Bankmark Client Prepares to Organize; Leases Historic Building for Headquarter Office.


SANTA BARBARA, Calif. -- Bankmark announced today that its client, American Riviera Bank (Proposed) has notified both 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).
) and the Department of Financial Institutions (DFI See Direct foreign investment. ) of its intent to establish a bank to serve the Santa Barbara area, with headquarters in the downtown Historic District. Both agencies have been notified in accordance with the group's desire to explore both state and federal charter options prior to formally filing their application.

"With our founding organizers group set and our lease in the center of Santa Barbara's downtown Historic district signed, we are now ready to take the next step in the regulatory process," said Michael Salsbury, founder of Santa Barbara Community Bancorp and proposed President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. .

The bank is being organized by prominent members of the Santa Barbara community including; Bill Nicholson, Senior Consultant to Amway Corp., and Former Appointment Secretary, President Gerald Ford; Mike Giles, Retired Chairman, Merrill Lynch International and Merrill Lynch International Banks Limited; Darren Caesar, President, General Manager, Caesar & Seider Insurance Services; Tad Buchanan, Partner, Woodside Partners Real Estate Investment Group; Dennis Baker M.D., Physician, Internal Medicine; Doug Marjerum, Owner, Wine Cask and Intermezzo intermezzo (ĭntərmĕt`sō, –mĕd`zō).

1 Any theatrical entertainment of a light nature performed between the divisions of a longer, more serious work.

2 In the 17th and 18th cent.
 Restaurants, and Marjerum Wine Company; Jeff Giller, EVP EVP Executive Vice President
EVP EGR (Exhaust Gas Recirculation) Valve Position Sensor
EVP Electronic Voice Phenomenon
EVP Europäische Volkspartei (Germany)
EVP Employee Value Proposition
, Chief Operating Officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
, Somera Capital Management; Joe Campanelli, Owner, President, Campanelli Construction; Harvey Bottelson, Real Estate Investor A real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit.  and President, James S. Bower Foundation; Larry Koppelman, Chairman, American Mortgage Bank, Member of Board of Directors, CT Realty; Arnie Brier brier or briar, name sometimes given any thorny plant, more specifically the sweetbrier, and the greenbrier. French brier, or brierroot, is a name for the root of the European white heath so widely used in the manufacture of smoking pipes. , Attorney, Lead Counsel, World Minerals; Alixe Mattingly, Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most  and Media consultant, Senior Counsel, Davies Communications and former Deputy Press Secretary, President George Bush Sr.; Palmer Jackson, Jr., Director of Corporate Communications, CallWave; Bruce Anticouni, Local Attorney; Morris Jurkowitz, Real Estate Investor; Dr. Barbara Donnelly, Neo-Natal Intensive Care Physician; Julie Friedman, Real Estate Investor and former women's clothing designer-manufacturer; and Salsbury.

Salsbury has assembled a strong and experienced executive team which, including himself, bring nearly 100 years of combined banking experience to their proposed community bank. The executive team includes David Duarte, proposed EVP, Chief Credit Officer, Michelle Martinich, proposed EVP, Chief Financial Officer, and Laurie Leighty, proposed EVP, Head of Operations.

"The founding organizers group is extremely excited about establishing a new community bank that is focused 100% on Santa Barbara and providing the highest level of service to the community," said organizer Palmer Jackson, Jr. "I am proud to be part of this distinguished group of organizers."

American Riviera Bank (Proposed) intends to establish itself as a locally owned, managed, and directed, full-service community bank, strategically committed to the Santa Barbara region. The bank will offer a comprehensive range of deposit and loan products and solutions focusing on individuals, professionals, businesses, and non-profit, philanthropic, and community service organizations to whom extraordinary service is essential.

American Riviera Bank (Proposed) signed a lease on April 8, 2005 for the property at 1033 Anacapa St., which will serve as the bank's headquarters. The interior of the building will be renovated to facilitate a banking operation, and inside customers will find a high level of service characterized by "private banking" that will be available to all.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 11, 2005
Words:516
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