Desert Community Bank -DCBK- Corporate Restructuring.Business Editors VICTORVILLE, Calif.--(BUSINESS WIRE)--July 2, 2003 Ronald L. Wilson, 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. and chairman of Desert Community Bank (Nasdaq:DCBK) in Victorville, cited a need to expand leadership roles and separate executive titles. With this change, Wilson announced that he has dropped the position of president from his title. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Wilson, this change was necessary to provide depth and to insure the marketplace that one person was not "running the show." Wilson proudly announced the promotion of Robert C. Hughling to the position of president. Hughling recently served the bank as executive vice president/chief credit officer. He will maintain the chief credit officer designation. Hughling joined the bank in March of 1992. Prior to signing on with Desert Community Bank, Hughling worked for Thunderbird thunderbird In North American Indian mythology, a powerful spirit in the form of a bird that watered the earth and made vegetation grow. Lightning was believed to flash from its eyes or beak, and the beating of its wings was thought to represent rolling thunder. Bank in Phoenix. He was with Thunderbird Bank for 22 years. The bank's board approved the recommendation to elevate Hughling to this position in light of his 11 year commitment to the bank. Under his tutelage TUTELAGE. State of guardianship; the condition of one who is subject to the control of a guardian. , many loan officers have enhanced their lending expertise. Hughling's management of the bank's loan department has resulted in significant growth over the past decade. He has also played a major role in maintaining the bank's asset quality. Wilson indicated that Hughling will assume a number of new reporting responsibilities. He will also be responsible for the bank's marketing department. Wilson also announced that Robert C. Bride, Jr. who serves the bank as executive vice president and chief financial officer has been promoted to president/CEO of the bank's two subsidiaries namely DCB DCB Dichlorobenzene DCB David Crowder Band DCB Dictionary of Canadian Biography DCB Device Control Block DCB Double Cantilever Beam DCB Disk Coprocessor Board DCB Dependent Care Benefits DCB Data Control Block DCB Direct Copper Bonding Investment Services and DCB Financial Insurance Services. Bride is a veteran of banking having been in the industry for more than 30 years. The board felt this recommendation was warranted as Bride is responsible for the Bank's insurance coverage and investment portfolio. Wilson said, "It is logical to have someone with his expertise supervising the same areas that he deals with day in and day out Adv. 1. day in and day out - without respite; "he plays chess day in and day out" all the time ." Desert Community Bank is a publicly traded company 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. on the Nasdaq index, with seven branches and 200 employees. It currently has $380 million in total assets. The bank's earnings in the first half of 2003 were approximately $2 million after taxes. This reflects a 24% improvement over the same period last year. For further information contact Wilson at 760/243-2140. |
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