LAKEWOOD, Colo., Dec. 03, 2015 (GLOBE NEWSWIRE) -- Solera National Bancorp, Inc. (OTCQB:SLRK), (the “Company”), the holding company for Solera National Bank, (the “Bank”), a business-focused bank primarily serving the Denver metropolitan area, today announced that Martin P. May has joined the Company and the Bank as President and Chief Executive Officer. He replaces Robert J. Fenton, who remains a member of the Company’s and Bank’s board of directors. Mr. May will also serve on the Board of Directors for both the Company and the Bank.
Chairman Michael Quagliano stated: “We are delighted to welcome Marty, a seasoned financial executive who we believe will take Solera to the next level of success and profitability. He brings a great deal of experience and enthusiasm to the Company, which we believe is well positioned to grow following our renewed focus on commercial banking, improved asset quality, and strengthened credit and compliance processes.
“I’d like to thank Bob Fenton for his significant accomplishments in guiding the Company’s return to profitability and effectively addressing numerous operational and strategic challenges. He remains a valued member of the Solera team as a shareholder and Director. His efforts helped bring us to the point where we can view Marty’s appointment as the start of a new and exciting era for the organization.”
Mr. May has served in senior executive roles at Front Range Bank, Colorado Capital Bank, and most recently as President of First Western Trust’s Cherry Creek (Denver) Colorado office. He has played an active role in the Denver area business community. Mr. May holds a certificate from the Graduate School of Banking at Colorado and a Bachelor’s of Science in Applied Economics from the University of San Francisco.
“Solera’s established reputation and dedication to serving our community, especially the small and medium-sized businesses within our community, present an exciting opportunity for me to continue making Solera into a great banking franchise,” said Mr. May. “I look forward to building on this foundation to serve our customers, earn new business, and deliver value to our stakeholders.”
About Solera National Bancorp, Inc.
Solera National Bancorp, Inc. was incorporated in 2006 to organize and serve as the holding company for Solera National Bank, which opened for business in September 2007. Solera National Bank is a community bank serving emerging businesses primarily in the Front Range of Colorado. At the core of Solera National Bank is welcoming, inclusive and respectful customer service, a focus on supporting a growing and diverse Colorado economy, and a passion to serve our community through service, education and volunteerism. For more information, please visit http://www.SoleraBank.com.
Cautions Concerning Forward-Looking Statements:
This press release contains statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements contained in this release, which are not historical facts and that relate to future plans or projected results of Solera National Bancorp, Inc. ("Company") and its wholly-owned subsidiary, Solera National Bank ("Bank"), are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied. We undertake no obligation to update or revise any forward-looking statement. Readers of this release are cautioned not to put undue reliance on forward-looking statements.