Temecula, CA (PRWEB) November 29, 2011
The board of directors of Mission Oaks Bancorp, Inc. (OTC BB: MOKB.OB - News), whose principal subsidiary is Mission Oaks National Bank, announced that founding CEO/President Gary Votapka will be leaving the company on Jan. 2, 2012.
Votapka will also step down as CEO/president of Mission Oaks National Bank as well as director’s positions at both institutions.
The company intends to replace Votapka with current chairman of the board, Gary W. Deems. He will serve as CEO of both Mission Oaks Bank and its parent company, Mission Oaks Bancorp. Deems has more than 35 years of banking experience and has held executive management and directors positions at a number of financial institutions operating in northern San Diego County and Riverside County.
His appointment is subject to regulatory approval.
Mission Oaks National Bank is a federally chartered community bank that is committed to serving consumers and businesses in Southern California. The bank offers personalized services and products through three full-service branch offices in Temecula, Lake Elsinore and Fallbrook
Mission Oaks Bancorp common stock is traded over the counter under the stock symbol MOKB.OB.
For more on Mission Oaks National Bank visit its Web site at
Certain statements in this press release, including statements regarding the anticipated development and expansion of Mission Oaks’ business, and the intent, belief or current expectations of Mission Oaks, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Bank's performance, regulatory matters and those discussed in filings by the Bank with the Office of the Comptroller of the Currency and by Mission Oaks with the Federal Reserve Board.
Mission Oaks National Bank
Gary Votapka, president and chief executive officer
Keith Johnson, executive vice president