First Bancshares, Inc. Announces: First Bank of San Luis Obispo Founding Board Member Retires After 25 Years.SAN LUIS OBISPO San Luis Obispo (săn l  `ĭs ōbĭs`pō), city (1990 pop. 41,958), seat of San Luis Obispo co., S Calif., near San Luis Obispo Bay; inc. 1856. , Calif. -- First Bancshares, Inc. ("Company")(Pink Sheets:FSLO), the holding company for First Bank of San Luis Obispo ("Bank"), today announced that Arnold A. Volny Volny may be a romanization of several Slavic words. In Russian, Volny (masculine), Volnaya (feminine), or Volnoye (neuter) is an adjective meaning "free" (as in speech). "Volny" may also be a plural of the noun meaning "wave". retired as a Director of the Company and the Bank on December 31, 2004. Mr. Volny, a long-time San Luis Obispo entrepreneur entrepreneur (än'trəprənûr`) [Fr.,=one who undertakes], person who assumes the organization, management, and risks of a business enterprise. , developer, and builder, and owner of Volny Construction, was a founding Director of the Bank and has served in that role for the entire 25 years of the Bank's history. Reflecting upon Mr. Volny's retirement, Reese T. Davies, President and 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. of the Company and Bank, stated: "Arnold Volny was instrumental in establishing the Bank back in 1980 as one of its seven original directors. Over the subsequent quarter century of exemplary service to the Bank, Arnold provided superior leadership, clear vision, and constant support. The Board of Directors will greatly miss his participation and contribution." James E. Smith, Chairman of the Board, commented: "Arnold has always been and will forever be a part of our First Bank family. His twenty-five years of dedicated service to the Bank and so many local organizations is a great example of how one individual can meaningfully and positively impact his local community." David R. Booker, Chief Executive Officer, added: "We honor As a verb, to accept a bill of exchange, or to pay a note, check, or accepted bill, at maturity. To pay or to accept and pay, or, where a credit so engages, to purchase or discount a draft complying with the terms of the draft. Arnold for his achievements, both inside and outside the Bank, and look forward to his continued input as the Bank's second Director Emeritus e·mer·i·tus adj. Retired but retaining an honorary title corresponding to that held immediately before retirement: a professor emeritus. n. pl. ." When asked to comment on his retirement, Mr. Volny replied: "I have much enjoyed enhancing the quality of life in San Luis Obispo, both on my own as a builder and through the Bank's support of so many small businesses and community organizations. I am proud of the Bank's accomplishments over the past twenty-five years, and am confident in the Bank's future success." First Bank of San Luis Obispo is a locally owned community bank with $271 million in assets as of September 30, 2004. The Bank offers business and consumer financial products with an emphasis on personal service. For more information, contact Kristin Johnson, Business Development / Marketing Officer, at 805-541-6100, ext. 166 or e-mail kjohnson@firstbankslo.com. This news release is available at the www.firstbankslo.com Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the site for no charge. |
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