“Michael is a highly skilled banker whose broad background ideally suits him to manage our Lancaster branch,” said Alan J. Lane, president and CEO of the Bank.
Lancaster, CA (PRWEB) July 23, 2010
Silvergate Bank (the “Bank”) announced today that Michael P. McCullough has joined the Bank as vice president and manager of the Bank’s Lancaster office. With nearly 30 years in the banking industry, Michael has extensive branch office, business development, and commercial lending experience, including 25 years in Lancaster with California Bank & Trust and Antelope Valley Bank. Michael also has a history of active involvement with a number of Antelope Valley community organizations. Michael most recently was vice president and manager of Union Bank’s office in Santa Clarita, California.
“Michael is a highly skilled banker whose broad background ideally suits him to manage our Lancaster branch,” said Alan J. Lane, president and CEO of the Bank. “His wide-ranging experience and long-standing ties to Lancaster and the Antelope Valley will enable him to lead our efforts to provide first rate banking services to businesses and individuals throughout this area.”
“I am excited to be joining Silvergate Bank,” said McCullough. “With its strong capital position, profitability and experienced leadership, Silvergate is uniquely positioned to deliver banking services that meet the needs of businesses and our community. Silvergate Bank is the ideal bank for companies to partner with in these challenging times.”
Lane continued, “Michael’s experience and skills are an important addition to Silvergate Bank and our commitment to redefining business banking. We are pleased to welcome Michael and look forward to his expanding our relationships throughout the Antelope Valley.”
About Silvergate Capital Corporation and Silvergate Bank
Silvergate Capital Corporation (“Silvergate”) is the parent company of Silvergate Bank, a California chartered commercial bank. Silvergate was formed in October 1986 and the Bank commenced operations in August 1988. As of June 30, 2010 Silvergate had total assets of $375.1 million. Silvergate and the Bank are headquartered in La Jolla, California, with additional Bank branches in La Mesa, Riverside, and Lancaster, California.
Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. When used in this release, the words or phrases such as "will continue," "is anticipated," "estimate," “expect,” "projected," "believe," "seeking,” or similar expressions, are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Readers should not place undue reliance on the forward-looking statements, which reflect views only as of the date hereof. Neither Silvergate Capital Corporation nor Silvergate Bank undertakes any obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.
Alan J. Lane
President and CEO
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