NAPA, Calif., March 21 /PRNewswire-FirstCall/ -- Bank of Napa, N.A. (BULLETIN BOARD: BNNP) announced the appointment of Tom LeMasters as President and Chief Executive Officer, and Larry Fletcher as Executive Vice President and Chief Credit Officer. These appointees strengthen the bank's leadership team as the bank experiences rapid growth.
A lifelong resident of Napa, Tom LeMasters started his banking career at Napa Valley Bank in 1986. He later worked as Head of Retail Banking in Richmond for The Mechanics Bank and Chief Financial Officer for Bank of Marin. LeMasters is a Director for Bank of Napa and was the Bank's Chief Financial Officer prior to his appointment as CEO. He has served as interim President of Bank of Napa since August 2007.
Larry Fletcher has been involved in community bank lending for over 26 years. Most recently he served as Senior Vice President and Credit Hub Manager for Vintage Bank and Senior Vice President Chief Credit Officer for Solano Bank.
"Both Tom LeMasters and Larry Fletcher have the combination of professional expertise and commitment to the community that is needed to make the Bank of Napa the best in the Valley," says Bank of Napa Chairman Dick Anderson. "Larry brings invaluable experience to our lending team and a strong commitment to credit quality. Tom has had a tremendous impact on Bank of Napa by effectively implementing our business plan and building a team of employees who recognize the bank's culture of service and relationships. Since Tom began his tenure as our Interim CEO last August our bank has experienced significant growth in loans and deposits," says Anderson.
The new Bank of Napa team members are active in the local community. Tom LeMasters is a member of Napa's Noon Rotary Club and serves on the boards of the Napa Valley College Foundation, Napa Valley Youth Baseball and the Napa High School Athletic Hall of Fame Foundation. Larry Fletcher serves on the board of Napa Child Start, which oversees Head Start programs for over 1,000 children in Napa and Solano Counties.
Bank of Napa was formed by local citizens and opened in August of 2006. Since then, the bank has accumulated over $50 million in assets. "We are growing because we are focused on helping local families and businesses achieve their financial goals," says Anderson. "We are strengthening our team of professionals who share this vision and commitment."
Bank of Napa, N.A. is located at the corner of Redwood Road and Solano Avenue at 2007 Redwood Road, Suite 101 in the Redwood Plaza near Vallerga's Market in Napa, CA. For more information about Bank of Napa, call (707) 257.7777, or visit http://www.thebankofnapa.com/.
Information contained herein may contain certain forward-looking statements that are based on management's current expectations regarding economic, legislative, and regulatory issues that may impact the Bank's earnings in future periods. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "intend," "estimate" or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could" or "may." Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, real estate values, and competition; changes in accounting principles, policies or guidelines; changes in legislation or regulation; and other economic, competitive, governmental, regulatory and technological factors affecting the Bank's operations, pricing, products and services. The Bank undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.
