Solera Natl Bancorp (SLRK) 4.6500 $SLRK
Solera National Bancorp Reports Second Quarter, First Half 2014 Financial Results Reflecting Solid Asset Quality, Strong Capital Ratios, and Loan Growth
GlobeNewswire - Wed Aug 06, 8:05AM CDT
Solera National Bancorp, Inc. (OTCQB:SLRK), the holding company for Solera National Bank, today reported financial results for the three and six months ended June 30, 2014. For the three months ended June 30, 2014, the Company reported a net loss of $23,000 or $(0.01) per share compared to net income of $439,000 or $0.17 per share for the three months ended June 30, 2013. For the six months ended June 30, 2014, the Company reported a net loss of $392,000 or $(0.15) per share compared to net income of $620,000 or $0.24 per share for the six months ended June 30, 2013.
Solera Announces Board Changes
GlobeNewswire - Tue Jun 17, 4:58PM CDT
Solera National Bancorp, Inc. (OTCQB:SLRK) ("Solera," the "Company," "we," or "us"
, the holding company for Solera National Bank, today announced changes in the composition of its board of directors. On June 13, 2014, in an effort to reach an accommodation with dissident shareholder Michael Quagliano, six of the Company's seven directors - i.e., all directors other than CEO John Carmichael - resigned. Contemporaneously with the effectiveness of those resignations, the board of directors reduced the size of the board to two and resolved to appoint Mr. Quagliano to the board to serve with Mr. Carmichael. The Company's certificate of incorporation and bylaws do not require the board to have more than one director. Mr. Quagliano subsequently refused to serve on the board. Accordingly, Mr. Carmichael filled the vacancy intended for Mr. Quagliano with David Roberts, one of the directors who had previously resigned. The Company believes that, notwithstanding his previous refusal to serve, Mr. Quagliano may be interested in being appointed to the board. The board will consider this, as well as all other relevant factors, as it seeks to rebuild the board to a more customary size in the near future.
Solera National Bancorp, Inc. Issues Statement Regarding Director Nominations
GlobeNewswire - Tue Mar 25, 2:38PM CDT
Solera National Bancorp, Inc. (OTCQB:SLRK) (the "Company," "Solera," or "we" , the holding company for Solera National Bank, today announced that it has received a notice from Michael Quagliano that Mr. Quagliano intends to nominate seven persons, including himself, for election as directors at the Company's 2014 annual stockholders' meeting (the "Annual Meeting" . After careful consideration, the Company's board of directors (the "Board" has determined not to recommend that Mr. Quagliano and his other nominees be elected to the Board. Instead, the Board has determined to nominate for re-election 11 of the current 13 board members. The Board's nominees have a broad range of relevant experience and all but one are independent. The Board firmly believes that the re-election of these directors is in the best interest of the Company's shareholders.
Solera National Bancorp, Inc. Announces Date of Annual Meeting of Shareholders and Record Date
GlobeNewswire - Mon Mar 10, 9:02AM CDT
Solera National Bancorp, Inc. (OTCQB:SLRK), the holding company for Solera National Bank, announced today that it intends to hold its 2014 annual meeting of shareholders on Thursday, May 22, 2014. The meeting will begin at 10:00 a.m. MDT at Pinehurst Country Club located at 6255 West Quincy Avenue, Denver, Colorado 80235. The record date for those eligible to receive notice of and to vote at the annual meeting of shareholders is March 31, 2014.
Sandi Moninger Joins Solera National Bank as Vice President of Human Resources
GlobeNewswire - Wed Feb 05, 8:00AM CST
Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp, Inc. (OTCQB:SLRK), today announced that Sandi Moninger has joined the bank's management team as Vice President of Human Resources. Moninger will guide and manage all human resource functions for the company. She has over 17 years experience as a Human Resource professional and 13 years specifically in the financial services industry.
Solera National Bancorp Reports Fourth Quarter, Full Year 2013 Financial Results Reflecting Restructuring and Strategic Refocus, Organic Loan Growth, Asset Quality
GlobeNewswire - Fri Jan 31, 3:00PM CST
Solera National Bancorp, Inc. (OTCQB:SLRK), the holding company for Solera National Bank, today reported financial results for the three months and 12 months ended December 31, 2013.
Solera National Bank Expands into the Cherry Creek Neighborhood of Denver
GlobeNewswire - Thu Sep 12, 8:00AM CDT
Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp, Inc. (OTCQB: SLRK), today announced that the bank entered into an agreement to lease office space at 101 University Avenue in the Cherry Creek neighborhood of Denver, Colorado. The site is expected to be finished and available for staff to occupy in the first quarter of 2014 at which time administrative offices in Lakewood, Colorado will be vacated concurrent with the expiration of the lease.
Catherine Eden Joins Solera National Bank as Senior Vice President of Risk Management/Compliance
GlobeNewswire - Tue Sep 10, 8:00AM CDT
Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp, Inc. (OTCQB:SLRK), today announced that Catherine Eden has joined the bank's management team as Senior Vice President of Risk Management and Compliance. Eden will oversee regulatory compliance and internal audit for Solera National Bank and Solera Mortgage. Most recently, Eden was Senior Vice President and Director of Internal Audit and Compliance for F&M Bank in Clarksville, Tennessee, with assets of $805 million at June 30, 2013.
Jenkins, Reichen, Ziel and Pomeroy, of Solera National Bank, Win the 2013 Five Star Mortgage Professional Award
GlobeNewswire - Thu Aug 29, 8:00AM CDT
Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp, Inc. (OTCQB:SLRK), today announced that Lonnie Jenkins, 4 year award winner, Kerrin Reichen and Nora Ziel, 3 year award winners and Liana Pomeroy, 2 year award winner are part of a select group, representing fewer than 7% of the mortgage professionals in the Denver area to be selected for this year's Five Star Mortgage Professional Award.
Karen and Thomas Monroe, Solera National Bank, Nationally Certified to Work with Military Home Buyers
GlobeNewswire - Tue Aug 06, 8:00AM CDT
Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp, Inc. (OTCQB:SLRK), today announced that Karen and Thomas Monroe of Residential Mortgage of Colorado, a division of Solera National Bank, achieved the unique distinction of becoming nationally certified to work with and understand the uniqueness of lending to military borrowers. The Monroes recently graduated from the Certified Military Housing Specialist Course, a national military assistance nonprofit that gives emergency financial support to military and their families. The course is exclusively offered by USA Cares, Inc.
Solera National Bancorp Amends Annual Meeting Procedures
GlobeNewswire - Wed Jul 31, 3:00PM CDT
Solera National Bancorp, Inc. (OTCQB:SLRK), the holding company for Solera National Bank, today announced its Board of Directors unanimously voted to amend its bylaws to improve its shareholder meeting procedures.
Doug Crichfield Retires as President and CEO of Solera National Bancorp; Ray L. Nash Named Interim President and CEO
GlobeNewswire - Tue Jul 30, 7:30AM CDT
Solera National Bancorp, Inc. (OTCQB:SLRK), the holding company for Solera National Bank, today announced that Douglas Crichfield has retired as President and Chief Executive Officer. Ray L. Nash, who has served on the board since its inception, has been named interim President and CEO until a new person is hired.
Solera National Bancorp Earnings Surge More Than Six-Fold to $620,000 in First Half of 2013; Second Quarter Profits More Than Double to $439,000
GlobeNewswire - Fri Jul 26, 8:00AM CDT
Solera National Bancorp, Inc. (OTCQB:SLRK), the holding company for Solera National Bank, today reported its most profitable quarter in its history fueled by solid loan demand, higher gains on loans sold and improving credit quality. Net income increased 143% to $439,000, or $0.17 per share, for the second quarter of 2013, compared to $181,000, or $0.07 per share, for the preceding quarter, and grew 230% from $133,000, or $0.05 per share, for the second quarter a year ago. Year-to-date, Solera earned $620,000, or $0.24 per share, up more than six-fold compared to $94,000, or $0.04 per share, in the first six months of 2012.
Solera National Bank to Open Full-Service Branch in Boulder, Colorado
GlobeNewswire - Mon Jul 22, 8:00AM CDT
Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp, Inc. (OTCQB:SLRK), today announced that it has been approved by the Office of the Comptroller of Currency to expand its franchise and open a full-service branch in Boulder, Colorado at 1881 9 Street. Solera currently offers residential mortgage lending services at the Boulder location through Residential Mortgage of Colorado, a division of Solera National Bank.
Solera National Bank Selected as Levitt Pavilion Denver's Banking Partner
GlobeNewswire - Mon May 13, 8:00AM CDT
Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp, Inc. (OTCQB:SLRK), today announced that Levitt Pavilion Denver has selected Solera National Bank as their local Denver banking partner. Solera National Bank and Levitt Pavilion Denver have a similar vision to build community through creative and diverse programming. While Levitt Pavilion Denver's mission is to build community through music, Solera National Bank's vision is to become one of the premier, independent community banks in Colorado by delivering banking solutions to meet the unique needs of small to medium-sized businesses, professionals, consumers and non-profit organizations. Further, Solera is striving to be top of mind for banking products and services to the Hispanic community and other minority communities in Colorado.
Lisa Dowis Joins Solera National Bank as Vice President of Marketing
GlobeNewswire - Mon May 06, 8:00AM CDT
Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp, Inc. (OTCQB:SLRK), today announced that Lisa Dowis has joined the bank's management team as Vice President of Marketing. Dowis will be heading up corporate marketing and will initially be heavily focused on marketing the bank's residential mortgage division. Most recently, Dowis was the Marketing Manager of The Bank at Broadmoor in Colorado Springs, Colorado.
Solera National Bancorp to Present at D.A. Davidson 15th Annual Financial Services Conference
GlobeNewswire - Mon May 06, 8:00AM CDT
Solera National Bancorp, Inc. (OTCQB:SLRK), the holding company for Solera National Bank, today announced that Douglas Crichfield, President and Chief Executive Officer, is scheduled to present at the 15 Annual D.A. Davidson Financial Services Conference in Seattle at the Bell Harbor Conference Center. Solera's presentation is on Thursday, May 9, 2013, at 8:35 a.m. PDT.
Solera National Bancorp Earnings Increase 60% to $181,000 in 1Q13; New Residential Mortgage Division Accretive to Earnings
GlobeNewswire - Mon Apr 29, 8:00AM CDT
Solera National Bancorp, Inc. (OTCQB:SLRK), the holding company for Solera National Bank, today reported earnings increased 60% to $181,000, or $0.07 per share for the first quarter of 2013, compared to $113,000, or $0.04 per share, for the fourth quarter of 2012. First quarter profits were driven by increased loan demand and solid credit quality.
Solera National Bank Receives SBA Preferred Lender Status
GlobeNewswire - Mon Apr 22, 8:00AM CDT
Solera National Bank, the subsidiary of Solera National Bancorp, Inc. (OTCQB:SLRK), today announced it has been named a Preferred Lender with the U.S. Small Business Administration ("SBA" .
Solera Chairman Ron Montoya Honored With William Funk Award
GlobeNewswire - Thu Mar 21, 8:00AM CDT
Solera National Bank, the subsidiary of Solera National Bancorp, Inc. (OTCQB:SLRK), today announced that Ron Montoya, Chairman of the Board for Solera National Bank, and highly recognized Denver business leader, was bestowed the William Funk Award for Building Stronger Communities by the Colorado Nonprofit Association. This award is presented to individuals with exceptional leadership who help build their community benefiting both Colorado nonprofit organizations and the people they serve. The awards luncheon took place during the annual Nonprofit Week at the Denver Marriott City Center on March 15. Montoya was also recognized for his work with the Latino Community Foundation, which he helped found in 2007 and currently serves as board chair.
Solera National Bancorp Reports Second Quarter, First Half 2014 Financial Results Reflecting Solid Asset Quality, Strong Capital Ratios, and Loan Growth
GlobeNewswire - Wed Aug 06, 8:05AM CDT
Solera National Bancorp, Inc. (OTCQB:SLRK), the holding company for Solera National Bank, today reported financial results for the three and six months ended June 30, 2014. For the three months ended June 30, 2014, the Company reported a net loss of $23,000 or $(0.01) per share compared to net income of $439,000 or $0.17 per share for the three months ended June 30, 2013. For the six months ended June 30, 2014, the Company reported a net loss of $392,000 or $(0.15) per share compared to net income of $620,000 or $0.24 per share for the six months ended June 30, 2013.
Solera Announces Board Changes
GlobeNewswire - Tue Jun 17, 4:58PM CDT
Solera National Bancorp, Inc. (OTCQB:SLRK) ("Solera," the "Company," "we," or "us"
, the holding company for Solera National Bank, today announced changes in the composition of its board of directors. On June 13, 2014, in an effort to reach an accommodation with dissident shareholder Michael Quagliano, six of the Company's seven directors - i.e., all directors other than CEO John Carmichael - resigned. Contemporaneously with the effectiveness of those resignations, the board of directors reduced the size of the board to two and resolved to appoint Mr. Quagliano to the board to serve with Mr. Carmichael. The Company's certificate of incorporation and bylaws do not require the board to have more than one director. Mr. Quagliano subsequently refused to serve on the board. Accordingly, Mr. Carmichael filled the vacancy intended for Mr. Quagliano with David Roberts, one of the directors who had previously resigned. The Company believes that, notwithstanding his previous refusal to serve, Mr. Quagliano may be interested in being appointed to the board. The board will consider this, as well as all other relevant factors, as it seeks to rebuild the board to a more customary size in the near future. Solera National Bancorp, Inc. Issues Statement Regarding Director Nominations
GlobeNewswire - Tue Mar 25, 2:38PM CDT
Solera National Bancorp, Inc. (OTCQB:SLRK) (the "Company," "Solera," or "we"
, the holding company for Solera National Bank, today announced that it has received a notice from Michael Quagliano that Mr. Quagliano intends to nominate seven persons, including himself, for election as directors at the Company's 2014 annual stockholders' meeting (the "Annual Meeting" . After careful consideration, the Company's board of directors (the "Board" has determined not to recommend that Mr. Quagliano and his other nominees be elected to the Board. Instead, the Board has determined to nominate for re-election 11 of the current 13 board members. The Board's nominees have a broad range of relevant experience and all but one are independent. The Board firmly believes that the re-election of these directors is in the best interest of the Company's shareholders. Solera National Bancorp, Inc. Announces Date of Annual Meeting of Shareholders and Record Date
GlobeNewswire - Mon Mar 10, 9:02AM CDT
Solera National Bancorp, Inc. (OTCQB:SLRK), the holding company for Solera National Bank, announced today that it intends to hold its 2014 annual meeting of shareholders on Thursday, May 22, 2014. The meeting will begin at 10:00 a.m. MDT at Pinehurst Country Club located at 6255 West Quincy Avenue, Denver, Colorado 80235. The record date for those eligible to receive notice of and to vote at the annual meeting of shareholders is March 31, 2014.
Sandi Moninger Joins Solera National Bank as Vice President of Human Resources
GlobeNewswire - Wed Feb 05, 8:00AM CST
Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp, Inc. (OTCQB:SLRK), today announced that Sandi Moninger has joined the bank's management team as Vice President of Human Resources. Moninger will guide and manage all human resource functions for the company. She has over 17 years experience as a Human Resource professional and 13 years specifically in the financial services industry.
Solera National Bancorp Reports Fourth Quarter, Full Year 2013 Financial Results Reflecting Restructuring and Strategic Refocus, Organic Loan Growth, Asset Quality
GlobeNewswire - Fri Jan 31, 3:00PM CST
Solera National Bancorp, Inc. (OTCQB:SLRK), the holding company for Solera National Bank, today reported financial results for the three months and 12 months ended December 31, 2013.
Solera National Bank Expands into the Cherry Creek Neighborhood of Denver
GlobeNewswire - Thu Sep 12, 8:00AM CDT
Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp, Inc. (OTCQB: SLRK), today announced that the bank entered into an agreement to lease office space at 101 University Avenue in the Cherry Creek neighborhood of Denver, Colorado. The site is expected to be finished and available for staff to occupy in the first quarter of 2014 at which time administrative offices in Lakewood, Colorado will be vacated concurrent with the expiration of the lease.
Catherine Eden Joins Solera National Bank as Senior Vice President of Risk Management/Compliance
GlobeNewswire - Tue Sep 10, 8:00AM CDT
Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp, Inc. (OTCQB:SLRK), today announced that Catherine Eden has joined the bank's management team as Senior Vice President of Risk Management and Compliance. Eden will oversee regulatory compliance and internal audit for Solera National Bank and Solera Mortgage. Most recently, Eden was Senior Vice President and Director of Internal Audit and Compliance for F&M Bank in Clarksville, Tennessee, with assets of $805 million at June 30, 2013.
Jenkins, Reichen, Ziel and Pomeroy, of Solera National Bank, Win the 2013 Five Star Mortgage Professional Award
GlobeNewswire - Thu Aug 29, 8:00AM CDT
Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp, Inc. (OTCQB:SLRK), today announced that Lonnie Jenkins, 4 year award winner, Kerrin Reichen and Nora Ziel, 3 year award winners and Liana Pomeroy, 2 year award winner are part of a select group, representing fewer than 7% of the mortgage professionals in the Denver area to be selected for this year's Five Star Mortgage Professional Award.
Karen and Thomas Monroe, Solera National Bank, Nationally Certified to Work with Military Home Buyers
GlobeNewswire - Tue Aug 06, 8:00AM CDT
Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp, Inc. (OTCQB:SLRK), today announced that Karen and Thomas Monroe of Residential Mortgage of Colorado, a division of Solera National Bank, achieved the unique distinction of becoming nationally certified to work with and understand the uniqueness of lending to military borrowers. The Monroes recently graduated from the Certified Military Housing Specialist Course, a national military assistance nonprofit that gives emergency financial support to military and their families. The course is exclusively offered by USA Cares, Inc.
Solera National Bancorp Amends Annual Meeting Procedures
GlobeNewswire - Wed Jul 31, 3:00PM CDT
Solera National Bancorp, Inc. (OTCQB:SLRK), the holding company for Solera National Bank, today announced its Board of Directors unanimously voted to amend its bylaws to improve its shareholder meeting procedures.
Doug Crichfield Retires as President and CEO of Solera National Bancorp; Ray L. Nash Named Interim President and CEO
GlobeNewswire - Tue Jul 30, 7:30AM CDT
Solera National Bancorp, Inc. (OTCQB:SLRK), the holding company for Solera National Bank, today announced that Douglas Crichfield has retired as President and Chief Executive Officer. Ray L. Nash, who has served on the board since its inception, has been named interim President and CEO until a new person is hired.
Solera National Bancorp Earnings Surge More Than Six-Fold to $620,000 in First Half of 2013; Second Quarter Profits More Than Double to $439,000
GlobeNewswire - Fri Jul 26, 8:00AM CDT
Solera National Bancorp, Inc. (OTCQB:SLRK), the holding company for Solera National Bank, today reported its most profitable quarter in its history fueled by solid loan demand, higher gains on loans sold and improving credit quality. Net income increased 143% to $439,000, or $0.17 per share, for the second quarter of 2013, compared to $181,000, or $0.07 per share, for the preceding quarter, and grew 230% from $133,000, or $0.05 per share, for the second quarter a year ago. Year-to-date, Solera earned $620,000, or $0.24 per share, up more than six-fold compared to $94,000, or $0.04 per share, in the first six months of 2012.
Solera National Bank to Open Full-Service Branch in Boulder, Colorado
GlobeNewswire - Mon Jul 22, 8:00AM CDT
Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp, Inc. (OTCQB:SLRK), today announced that it has been approved by the Office of the Comptroller of Currency to expand its franchise and open a full-service branch in Boulder, Colorado at 1881 9 Street. Solera currently offers residential mortgage lending services at the Boulder location through Residential Mortgage of Colorado, a division of Solera National Bank.
Solera National Bank Selected as Levitt Pavilion Denver's Banking Partner
GlobeNewswire - Mon May 13, 8:00AM CDT
Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp, Inc. (OTCQB:SLRK), today announced that Levitt Pavilion Denver has selected Solera National Bank as their local Denver banking partner. Solera National Bank and Levitt Pavilion Denver have a similar vision to build community through creative and diverse programming. While Levitt Pavilion Denver's mission is to build community through music, Solera National Bank's vision is to become one of the premier, independent community banks in Colorado by delivering banking solutions to meet the unique needs of small to medium-sized businesses, professionals, consumers and non-profit organizations. Further, Solera is striving to be top of mind for banking products and services to the Hispanic community and other minority communities in Colorado.
Lisa Dowis Joins Solera National Bank as Vice President of Marketing
GlobeNewswire - Mon May 06, 8:00AM CDT
Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp, Inc. (OTCQB:SLRK), today announced that Lisa Dowis has joined the bank's management team as Vice President of Marketing. Dowis will be heading up corporate marketing and will initially be heavily focused on marketing the bank's residential mortgage division. Most recently, Dowis was the Marketing Manager of The Bank at Broadmoor in Colorado Springs, Colorado.
Solera National Bancorp to Present at D.A. Davidson 15th Annual Financial Services Conference
GlobeNewswire - Mon May 06, 8:00AM CDT
Solera National Bancorp, Inc. (OTCQB:SLRK), the holding company for Solera National Bank, today announced that Douglas Crichfield, President and Chief Executive Officer, is scheduled to present at the 15 Annual D.A. Davidson Financial Services Conference in Seattle at the Bell Harbor Conference Center. Solera's presentation is on Thursday, May 9, 2013, at 8:35 a.m. PDT.
Solera National Bancorp Earnings Increase 60% to $181,000 in 1Q13; New Residential Mortgage Division Accretive to Earnings
GlobeNewswire - Mon Apr 29, 8:00AM CDT
Solera National Bancorp, Inc. (OTCQB:SLRK), the holding company for Solera National Bank, today reported earnings increased 60% to $181,000, or $0.07 per share for the first quarter of 2013, compared to $113,000, or $0.04 per share, for the fourth quarter of 2012. First quarter profits were driven by increased loan demand and solid credit quality.
Solera National Bank Receives SBA Preferred Lender Status
GlobeNewswire - Mon Apr 22, 8:00AM CDT
Solera National Bank, the subsidiary of Solera National Bancorp, Inc. (OTCQB:SLRK), today announced it has been named a Preferred Lender with the U.S. Small Business Administration ("SBA"
. Solera Chairman Ron Montoya Honored With William Funk Award
GlobeNewswire - Thu Mar 21, 8:00AM CDT
Solera National Bank, the subsidiary of Solera National Bancorp, Inc. (OTCQB:SLRK), today announced that Ron Montoya, Chairman of the Board for Solera National Bank, and highly recognized Denver business leader, was bestowed the William Funk Award for Building Stronger Communities by the Colorado Nonprofit Association. This award is presented to individuals with exceptional leadership who help build their community benefiting both Colorado nonprofit organizations and the people they serve. The awards luncheon took place during the annual Nonprofit Week at the Denver Marriott City Center on March 15. Montoya was also recognized for his work with the Latino Community Foundation, which he helped found in 2007 and currently serves as board chair.
