Attached files
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| 8-K - T Bancshares, Inc. | v190717_8k.htm |
Exhibit
99.1
T
BANCSHARES, INC.
FOR
IMMEDIATE RELEASE
T
BANCSHARES, INC. AND T BANK N.A. ANNOUNCE
EXECUTIVE
CHANGES
Dallas,
Texas – July 15, 2010– T Bancshares, Inc. (the “Company”, OTC.BB: TBNC),
announced that Patrick G. Adams, President and Chief Executive
Officer of both the Company and T Bank, N.A. (the “Bank”), the wholly owned
subsidiary of the Company, resigned effective July 9, 2010. In
connection with Mr. Adams’ resignations, he also resigned from the Board of
Directors of both the Company and the Bank effective July 9, 2010. The Boards of
Directors of the Company and the Bank have appointed Patrick Howard as President
and Chief Executive Officer and Ken Bramlage as Senior Vice
President and Chief Financial Officer of the Company and of the
Bank.
Mr.
Howard joined the Company in September 2007, as Executive Vice President and
Chief Operating Officer responsible for all aspects of the Bank’s operations.
Prior to joining the Company, Mr. Howard accumulated more than twenty years of
banking experience having held executive level positions responsible for bank
operations, retail branch operations, mortgage origination and servicing
operations, loan operations and lending, regulatory compliance, information
technology and business and strategic planning, including serving as a Director
and Chief Operating Officer of a financial institution with more than $2.2
billion in assets.
Mr.
Bramlage was appointed to the position of Controller at the Bank in July 2008
and took over the responsibilities of acting co-principal financial officer of
the Company in July 2009. He is a Certified Public Accountant and has over
15 years of management and financial reporting experience in the banking
industry.
Chairman
of the Board, Dan Basso, stated: “Mr. Adams was the inspiration and driving
force in the formation of our Company and will be missed. We wish him
well as he begins this next phase of his life. We are extremely fortunate to
have Patrick Howard to step into this position. Pat has been
responsible for all operational aspects of the Bank since he joined us in 2007,
and has been instrumental in successfully guiding the Bank through the recent
difficult regulatory and economic environment we have experienced. The Board has
the utmost confidence that Mr. Howard, with the assistance of Mr. Bramlage and
the other members of our exceptional management team and staff, will
successfully achieve the goals of our Company and Bank.”
Mr.
Howard stated: “I am very gratified by the Board’s confidence placed in me and
the other members of our management team. Ken’s appointment to Chief Financial
Officer is a well deserved promotion to the executive management team. We will
continue to spare no effort in ensuring that our customers receive the highest
level of service they are accustomed to and that the Bank continues to
successfully meet the challenges ahead to achieve the objectives of the Board,
our regulators, and our shareholders. ”
ABOUT
T BANCSHARES, INC.
T
Bancshares, Inc. is the registered bank holding company for T Bank,
N.A. T Bank, N.A. is a full service commercial bank headquartered in
Dallas, Texas that provides highly personalized financial services to business
and individual clients. T Bank has locations on the Dallas North Tollway in
North Dallas, West Plano and Southlake. Our local market includes North Dallas,
Addison, Plano, Frisco, Richardson, Carrollton and northeast Tarrant County. We
provide our clients with the latest in banking technology along with traditional
personal attention.
This
release contains forward-looking statements, which are subject to risks and
uncertainties. A number of factors, many of which are beyond the Company’s
control, could cause actual results to differ materially from future results
expressed or implied by such forward-looking statements. These risks and
uncertainties include the risk of adverse impacts from general economic
conditions, competition, interest rate sensitivity and exposure to regulatory
and legislative changes. These and other factors that could cause results to
differ materially from those described in the forward-looking statements can be
found in the Form 10-K and other filings made by the Company with the Securities
and Exchange Commission.
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CONTACT:
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T
BANCSHARES, Inc.
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Patrick
Howard
972-720-9041
phoward@tbank.com
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