Belvedere SoCal Announces Appointment of Mary Lynn D. Lenz as President and CEO.PASADENA, Calif. -- Belvedere SoCal and its subsidiary bank Professional Business Bank today announced the appointment of Mary Lynn D. Lenz as President and Chief Executive Officer. Ms. Lenz will also become a Director of the holding company and the bank. "After an extensive and comprehensive search, we are pleased to have found someone as qualified as Mary Lynn," William Baribault, Chairman of the Board, said. "Mary Lynn brings our company in excess of 35 years' experience in commercial and community banking. She is customer-oriented, has proven herself as one who can build a strong community-based bank, and as one who can achieve growth goals." Ms. Lenz previously served as 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. of Massachusetts-based Slade's Ferry Bancorp which was acquired by Independent Bank Corp in 2008. Prior to Slade's she was the 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 of Retail Banking for Citizens Bank of Massachusetts The Bank of Massachusetts, founded in 1784 in Boston, Massachusetts, was the second-oldest bank in the United States. It is a predecessor to the modern Bank of America (merged 2005), through Bank of Boston (1903), BankBoston (1996) and FleetBoston Financial (1999). , 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 Royal Bank of Scotland
The Royal Bank of Scotland Plc (Scottish Gaelic: Banca Rìoghail na h-Alba with assets of $164 billion. Her career also includes 10 years at Cleveland-based Key Corp in a variety of leadership roles in small business banking, mortgage banking and retail banking. "I am looking forward to working with Bill and the Board to move our company forward in an exciting, yet challenging environment," Ms. Lenz said. "We have the vision to and capability to become the leading small-business focused community bank in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . I am honored to have been named to the leadership of this great company." The Board of Directors of the bank has unanimously approved Ms. Lenz as CEO and President effective immediately. "Mary Lynn has a long track record of success in the banking industry, and understands the power of relationship banking and the community bank model," Alison Davis, Director of Belvedere SoCal and Managing Partner of Belvedere Capital, said. "She has demonstrated extraordinary leadership throughout her career and we are thrilled to have her become the CEO of Belvedere SoCal and its subsidiary bank." Ms. Lenz attended the State University of New York (body) State University of New York - (SUNY) The public university system of New York State, USA, with campuses throughout the state. , College of Buffalo and Niagara University. She served on numerous non-profit boards including Leadership SouthCoast, American Heart Association American Heart Association (AHA), n.pr a national voluntary health agency that has the goal of increasing public and medical awareness of cardiovascular diseases and stroke, and thereby reducing the number of associated deaths and disabilities. , Saint Anne's Hospital (Fall River, MA) and the Massachusetts Bankers Association. About Belvedere SoCal Belvedere SoCal was formed by Belvedere Capital Fund II L.P. to aggregate Southern California community bank franchises for the purpose of building the leading small business-focused community bank in the region. Belvedere SoCal is the bank holding company for Professional Business Bank. Belvedere SoCal and Professional Business Bank aspire to aspire to verb aim for, desire, pursue, hope for, long for, crave, seek out, wish for, dream about, yearn for, hunger for, hanker after, be eager for, set your heart on, set your sights on, be ambitious for fulfill the vision by attracting highly talented employees, opening new branches and making strategic acquisitions. The foundation for the strategy will be an exceptional customer experience and the personalized delivery of a broad array of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. products by the company's highly skilled employees. About Belvedere Capital Belvedere Capital has established itself as one of the leading private equity investors in community banks and related financial services in the U.S. Since 1994, Belvedere Capital has purchased or invested in 18 financial services companies and partnered with strong management teams to build profitable, growing franchises and deliver excellent returns to its investors. Belvedere Capital's principals have decades of experience investing in and operating financial institutions and will work with the combined company's management to enhance growth, operating performance and strategic positioning. Based in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA, Belvedere Capital is currently investing its second financial services-focused private equity fund. About Professional Business Bank Headquartered in Pasadena, CA, Professional Business Bank was created by business leaders for business leaders. Through its branch network and seasoned personnel, Professional Business Bank offers personal and business deposit and loan relationships. Loans are offered through commercial, construction, real estate, SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government and CalCAP lending officers. Additional information may be found at www.probizbank.com or by calling 626-395-7000. FORWARD LOOKING STATEMENTS Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. When used in this release, the words or phrases such as "will continue", "is anticipated", "estimate", "expect", "projected", "believes", "seeking", or similar expressions, are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Readers should not place undue reliance on the forward-looking statements, which reflect views only as of the date hereof. Neither Belvedere SoCal, Belvedere Capital, Professional Business Bank nor Spectrum Bank undertake any obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. |
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