FOLSOM, Calif., July 7, 2014 (GLOBE NEWSWIRE) -- Folsom Lake Bank (OTC: FOLB) today announced that Mr. Jay Freeman has joined the Board of Directors of Folsom Lake Bank. Jay is a Senior Advisor to Gallup working with clients both in the US and abroad to help them deepen customer relationships, increase market share and profitability.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=26332
Jay Freeman is a veteran banker with many years experience in the industry. He brings expertise in financial services and retail banking. "We are delighted to welcome Jay Freeman to the organization and feel certain that he will be able to help our Classic Community Bank continue to grow and prosper," said Robert J. Flautt, President and CEO.
Jay Freeman is a native of Houston, Texas and began his banking career there in 1979. He joined Wells Fargo in 1996 through the acquisition of Victoria Bancshares, where he served as Executive Vice President. He managed Victoria's Community Bank, including all its retail and commercial banking operations. Jay led Sales & Service Development within Wells Fargo's Community Bank.
Jay received his bachelor's degree in business administration (finance) from the University of Houston. He served as Chairman of the Board of the Bank Administration Institute from 2009 to 2012. He and his wife, Cindy, live in Folsom, California.
Folsom Lake Bank is a classic community bank with two locations. In Folsom, the Bank is located in the heart of the historic district at 905 Sutter Street and in Roseville, the Bank is located at 2233 Douglas Boulevard, near the intersection of Eureka and Douglas. The Bank is a locally owned and locally operated full service commercial bank focused on small business owners, professionals and individuals in the communities surrounding Folsom Lake. Folsom Lake Bank is publicly traded on the Over-the-Counter Bulletin Board. For information please call Robert Flautt at 916-235-4570.
This correspondence may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act. All of the statements contained in this correspondence, other than statements of historical fact, should be considered forward-looking statements. Although the Bank believes the expectations reflected in those forward-looking statements are reasonable, it can give no assurance that those expectations will prove to have been correct. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and are not intended to give any assurance as to future results.
Robert J. Flautt President & CEO (916) 235-4570
