FOLSOM, CA -- (Marketwired) -- 01/05/15 -- Sierra Vista Bank (OTCQB: SVBA) (the "Bank") announced today that Robert T. Perry-Smith has been appointed to its Board of Directors and will serve as its Chairman. The Bank's preceding Chairman, Brady Whitlow, will remain on the Board as Vice Chairman. "We are very pleased to add someone with Bob's experience and expertise to our team," stated Whitlow.
In 2013 Mr. Perry-Smith concluded a 40 year career as a CPA at both the national level as a Partner, and then as the Founder and CEO of Perry-Smith LLP. Throughout his career, Mr. Perry-Smith and his firm were regarded as a leading provider of professional services to the Banking Industry specializing in annual audits, regulatory compliance, capital structures, as well as merger and acquisition strategies. The company became one of the region's most successful firms expanding significantly over its 28 year history before being acquired by Crowe Horwath LLP in 2011. Mr. Perry-Smith is a frequent speaker at Banking Industry conferences and Trade Association meetings.
Mr. Perry-Smith is a member of the American Institute of Certified Public accountants and the California society of CPA's. He holds a B.S. Degree in Accounting from California State University, Sacramento. Mr. Perry-Smith currently serves as the Chairman of the Perry-Smith Foundation and is a past President of the Sutter Club in Sacramento. As Chairman of the Board, he will serve as an ex officio member of all standing Bank committees, including the Audit Committee and will Chair the Corporate Governance / Compensation Committee.
"I have known Bob for over 20 years and am looking forward to working with a person whom I so highly regard," stated Gary D. Gall, President & CEO. "His presence and business acumen will add strategic value to our organization."
Mr. Perry-Smith stated that "Community Banking has long been near and dear to my heart! I am very pleased to have the opportunity to join the Sierra Vista Bank Team and share in its vision for the future development of the Bank."
About Sierra Vista Bank
Sierra Vista Bank is locally owned community bank headquartered at 1710 Prairie City Road in Folsom, California since March 2007 and has branches located in Cameron Park and the Fair Oaks Village. The Bank prides itself on serving the financial needs of small businesses and professionals in Folsom and throughout the Highway 50 Corridor while remaining committed to community philanthropy. Additional information about Sierra Vista Bank can be found at www.sierravistabank.com or by calling (916) 850-1500.
Forward Looking Statements:
In addition to historical information, this press release may contain forward-looking statements, such as, among others, statements about plans, expectations and goals concerning future growth and performance. Forward-looking statements are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, including the real estate market in California and other factors beyond the Bank's control. Such risks and uncertainties could cause results for subsequent periods or years to differ materially from those indicated. Readers should not place undue reliance on forward-looking statements, which reflect management's view only as of the date hereof. The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.
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Contacts:
Gary D. Gall
President/CEO
Sierra Vista Bank
(916) 850-1590
Email Contact
Lesa Fynes
EVP/CFO
Sierra Vista Bank
(916) 850-1505
Email Contact
