Bank of Commerce Holdings Announces Adoption of Environmental and Social Risk Policy Framework

Rhea-AI Summary

Bank of Commerce Holdings (NASDAQ: BOCH) announced the adoption of a formal Environmental and Social Risk Policy Framework. This initiative reflects the company's commitment to governance, diversity, social justice, and environmental integrity. CEO Randall S. Eslick emphasized the importance of inclusive workforce practices and a diverse Board of Directors. The newly implemented policy is available for public viewing on the company’s website, showcasing their corporate philosophy and commitment to sustainable banking practices.

Positive

• Adoption of Environmental and Social Risk Policy Framework reflecting corporate governance beliefs.
• Commitment to diversity and inclusion within workforce and Board of Directors.

Negative

• None.

SACRAMENTO, Calif., Feb. 17, 2021 (GLOBE NEWSWIRE) -- Bank of Commerce Holdings (NASDAQ: BOCH) (the “Company”), a $1.764 billion asset bank holding company and parent company of Merchants Bank of Commerce (the “Bank”), today announced that its Board of Directors has adopted a formal Environmental and Social Risk Policy Framework.

President and Chief Executive Officer Randall S. Eslick commented, “We are proud to have formally adopted this policy that reflects our corporate beliefs, philosophy and practices. We embrace strong governance and the underlying principles of diversity, social justice, environmental considerations and business integrity.” Mr. Eslick continued, “Our management team and Board are committed to an inclusive work force and a more diverse Board of Directors.”

The policy has been posted to the Company’s website, www.bankofcommerceholdings.com, and is available to all for viewing.

About Bank of Commerce Holdings

Bank of Commerce Holdings is a bank holding company headquartered in Sacramento, California and is the parent company for Merchants Bank of Commerce. The Bank is an FDIC-insured California banking corporation providing community banking and financial services in northern California along the Interstate 5 corridor from Sacramento to Yreka and in the North Bay wine region. The Bank was incorporated as a California banking corporation on November 25, 1981 and opened for business on October 22, 1982. The Company’s common stock is listed on the NASDAQ Global Market and trades under the symbol “BOCH”.

FAQ

What is the significance of the new Environmental and Social Risk Policy Framework for BOCH?

The framework reflects BOCH's commitment to governance, diversity, and environmental considerations, enhancing their corporate responsibility.

How does BOCH plan to implement the new policy?

The policy implementation involves promoting an inclusive workforce and establishing a diverse Board of Directors.

Where can I find the Environmental and Social Risk Policy Framework for BOCH?

The policy can be viewed on the company’s official website at www.bankofcommerceholdings.com.

Who is the CEO of Bank of Commerce Holdings?

The CEO of Bank of Commerce Holdings is Randall S. Eslick.