Canyon National Bank Reports Re-Election of Directors; Adjournment of Annual Meeting until May 23, 2006.PALM SPRINGS, Calif. -- Canyon National Bank (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYNA) today announced the re-election re-election n → reelección f re-election n → réélection f re-election n → Wiederwahl f of all members on its Board of Directors, to serve another year term. Re-elected at the bank's annual shareholder meeting this week were Chairman, Michael Michael, archangel Michael (mī`kəl) [Heb.,=who is like God?], archangel prominent in Christian, Jewish, and Muslim traditions. In the Bible and early Jewish literature, Michael is one of the angels of God's presence. D. Harris Harris, Scotland: see Lewis and Harris. , Esq.; Vice Chairman, Robert M. Fey; Canyon National Bank 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. , Stephen G. Hoffmann; and directors Mark Benedetti, Lynne C. Bushore, 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. ; Milton W. Jones, Kipp I. Lyons, Esq.; and Richard Shalhoub. Meantime, to obtain a required two-thirds majority vote to form a new bank holding company reorganization, Canyon's annual shareholder meeting has been adjourned to May 23, 2006 at 8:00 a.m. at 1711 East Palm Canyon Drive, Palm Springs, California Palm Springs is a famed Riverside County, California desert resort city, approximately 110 miles (177 km) east of Los Angeles and 140 miles (225 km) northeast of San Diego. As of the 2000 census, the city population was 42,807. . President and CEO, Stephen G. Hoffmann said, "We are happy that all of the directors have been re-elected to the Board of Directors. We all greatly appreciate the continued show of support from our shareholders." He said, "The annual meeting of shareholders held on April 24, 2006 was adjourned to May 23, 2006 to allow more time for proxies to be counted and processed for the bank holding company reorganization. Delivery of many proxies was delayed in reaching shareholders. The additional time will allow them to execute proxies so that, with shareholder approval, we can move forward with establishing the bank holding company. " Shareholder votes already received have been recorded. Those who have not yet voted are encouraged to execute and return their proxies. Shareholders are also invited to attend the adjourned annual meeting and cast their vote in person, if desired. When the company receives the required vote prior to the adjourned annual meeting, Canyon will announce the approval of the bank reorganization and the completion of the annual meeting. Further information can be obtained at the bank's web site: www.CanyonNational.com or via e-mail: info@CanyonNational.com or by calling Stephen G. Hoffmann, President & CEO, 760-325-4442. |
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