Industrial Bank, N.A., Names Alex L. Moore, Ph.D. Executive Vice President & Chief Operating Officer, Washington DC on January 16, 2004.Business Editors WASHINGTON--(BUSINESS WIRE)--Feb. 17, 2004 Industrial Bank, N.A., the oldest and largest minority owned financial institution in the greater Washington metropolitan area The Washington Metropolitan Area, formally known as the Washington-Arlington-Alexandria, DC-VA-MD-WV MSA is a U.S. Metropolitan Statistical Area (MSA) as defined by the United States Office of Management and Budget (OMB) as of November 2004. , announced Alex L. Moore, Ph.D., as the new Executive Vice 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 Industrial Bank. Dr. Moore brings over 20 years of experience in various executive leadership positions for Fortune 500 companies. He has proven expertise in Business Strategy, Human Resources, Business Operational Consulting, and Financial Management Services. "Dr. Alex L. Moore's strong performance management background and his prior experience with high performance businesses of various sizes will be a valuable asset to our company as we continue on a path for increased success," said B. Doyle Mitchell, Jr., President and Chief Executive Officer, Industrial Bank. "We are pleased that Alex has joined Industrial Bank as he brings a level of expertise that is simply unprecedented." Dr. Moore's banking experience includes serving as a Senior Human Resources Executive with Southeast Bank, N.A. and later as Chairman of the Board for People's National Bank in Miami, Florida. He was named Chairman when the bank was operating under a cease and desist order An order issued by an Administrative Agency or a court proscribing a person or a business entity from continuing a particular course of conduct. The force and effect of a cease and desist order are similar to those of an Injunction issued by a court. at the time, and while in this role, the cease and desist order was eliminated and the bank returned to a profitable status. Dr. Moore most recently served as President of QUALITY MANAGEMENT INTERNATIONAL, a management consulting services company. His clients consisted of both public and private sector major organizations. He participated on the WFMC WfMC - Workflow Management Coalition PeopleSoft Implementation Project for the Public Accounting Oversight Board. He previously was a Director with PricewaterhouseCoopers Global Human Resources Consulting Practice and was a top producer in the Southeast Region. He managed and directed Hewlett Packard and Agilent Technologies Latin American Spin-off project. Other clients served have been in diverse industries including retail, banking, consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and , information technology, manufacturing, and governmental agencies. Additionally, Dr. Moore brings 10 years of experience with Coca Cola as Vice President and as a Senior Vice President of the Home Shopping Network “HSN” redirects here. For other uses, see HSN (disambiguation). The Home Shopping Network (HSN) is a mostly 24-hour shopping network that is seen on cable, satellite, and some terrestrial channels in the United States. . Dr. Moore holds a Ph.D. and Masters Degrees from The Ohio State University Ohio State University, main campus at Columbus; land-grant and state supported; coeducational; chartered 1870, opened 1873 as Ohio Agricultural and Mechanical College, renamed 1878. There are also campuses at Lima, Mansfield, Marion, and Newark. and completed his undergraduate studies at Norfolk State University In 1942, the school became independent of VUU and was named Norfolk Polytechnic College. Within two years, by an act of the Virginia Legislature, it became a part of Virginia State College (now Virginia State University ), and granted its first bachelor's degrees in 1956. . His postdoctoral training was from the Rive rive v. rived, riv·en also rived, riv·ing, rives v.tr. 1. To rend or tear apart. 2. To break into pieces, as by a blow; cleave or split asunder. 3. Reine Business Program for Nestle in Vevey, Switzerland and the Columbus Leadership Institute in Columbus, Ohio. He is an alumnus ALUMNUS, civil law. A child which one has nursed; a foster child. Dig. 40, 2, 14. of The Denver Broncos Professional Football Team. Industrial Bank, N.A. is a full service commercial bank that has delivered banking services to the communities of the Washington Metropolitan area for 70 years. IBNA IBNA International Baccalaureate North America has dedicated its resources to improving the quality of life for the citizens of its communities, and maintains an unwavering commitment to uphold the traditions that have contributed to the growth and welfare of the individuals, businesses and organizations within the area. IBNA offers a full range of banking products, including checking and savings accounts, home mortgages, consumer loans, cash management services and commercial loans and lines of credit. The seventy-year history of Industrial Bank, N.A. is rich in both perseverance and solid business practices. With the introduction of Internet Banking and faster loan processing technology as well as countless other improvements, Industrial Bank it poised to continue our role as a financial leader in the Washington, DC area. Safe Harbor Statement under 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 Statements in this press release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve a high degree of risk and uncertainty, are predictions only and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company's products and services, the ability to complete software development plans in a timely manner, changes in relationships with third parties, product mix sold by the Company and other factors described in the Company's most recent periodic filings with the Securities and Exchange Commission, Including its 2002 Annual Report on Form 10-K and quarterly reports on Form 10-Q. |
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