Bank of Commerce Holdings Announces New Director, Diane D. Miller

Rhea-AI Summary

Bank of Commerce Holdings (NASDAQ: BOCH) announced the appointment of Diane D. Miller to its Board of Directors, effective March 16, 2021. CEO Randall S. Eslick expressed enthusiasm about her diverse experience in audit, risk management, and corporate governance, which is expected to enhance the Board's capabilities. Miller is the CEO of Wilcox Miller & Nelson and has served on multiple corporate and non-profit boards. Bank of Commerce Holdings operates the Merchants Bank of Commerce, serving northern California and is valued at approximately $1.764 billion in assets.

Positive

• Diane D. Miller's diverse experience may strengthen the Board's oversight and governance capabilities.
• Her background in mergers and acquisitions could provide strategic advantages.

Negative

• Concerns about continuity and integration of new board members may arise.
• Possible experience gaps in the current Board dynamic.

SACRAMENTO, Calif., March 05, 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 the addition of Diane D. Miller to the Boards of Directors of both the Company and the Bank, effective March 16, 2021.

“We are pleased and excited to have Ms. Miller join our Company. Her diverse background and experience will complement and strengthen our Boards,” said Randall S. Eslick, President and Chief Executive Officer.

Ms. Miller is the President and Chief Executive Officer of Wilcox Miller & Nelson, a human capital management and governance consulting firm. She has experience in audit, risk management, mergers and acquisitions, board governance, and corporate culture, and she has served on numerous corporate and non-profit boards, including boards of other financial institutions. Ms. Miller received her Bachelor’s degree in Applied Behavior Analysis from the University of the Pacific and her MBA in Marketing from Golden Gate University, and she holds a variety of certifications and designations.

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 Diane D. Miller joining Bank of Commerce Holdings' Board?

Diane D. Miller's appointment is significant as her experience in governance, risk management, and corporate culture can enhance the Board's effectiveness.

When did Diane D. Miller officially join the Board of Bank of Commerce Holdings?

Diane D. Miller officially joined the Board on March 16, 2021.

What expertise does Diane D. Miller bring to Bank of Commerce Holdings?

Diane D. Miller brings expertise in audit, risk management, corporate governance, and has experience with mergers and acquisitions.

How might Diane D. Miller's addition impact Bank of Commerce Holdings?

Her addition could strengthen strategic decision-making and oversight functions within the company.