Liberty Bank Appoints New President and Chief Executive Officer

Banking Veteran Bruce K. Farrell Named to Bank's Key Position

SOUTH SAN FRANCISCO, CA--(Marketwired - Feb 6, 2015) - Liberty Bank announced the appointment of Bruce K. Farrell to the position of President and CEO, replacing Phillip D. LaChapelle, who served the bank in that capacity for three years.

The Board of Directors has asked LaChapelle to remain on the bank's Board as Executive Director. "As I enter semi-retirement, I'm committed to Liberty Bank's mission to serve our local communities," comments LaChapelle.

Farrell joined Liberty Bank in 2013 in a business development role. He has extensive commercial banking experience, focused on providing, managing, and growing regional banking businesses on the San Francisco Peninsula. Prior to joining Liberty Bank, he was with Borel Private Bank & Trust Company for more than 20 years, most recently serving as an Executive Vice President and Chief Lending Officer.

"The bank appreciates Phil's contributions, and I look forward to continuing to drive growth at Liberty Bank," says Farrell. "The Liberty Bank family will accomplish this by continuing to put our customers first in 2015 and beyond."

About Liberty Bank

Founded in 1982 by a group of local businesspeople, Liberty Bank is an independent, community bank. The bank's focus is to provide a range of financial services to its friends, neighbors, and businesses in the Boulder Creek, Felton, and South San Francisco areas. Liberty Bank pride itself on building relationships with customers and contributing to their local communities. Information on the bank is available at Liberty Bank is a member of the FDIC.

Contact Information:

Contact Information:

Bruce K. Farrell

Liberty Bank
500 Linden Avenue
PO Box 431
South San Francisco, CA 94083-0431
Ph: (650) 871-2400
Fax: (650) 266-9874