MNB Holdings Corporation (OTCQB: MNBO), Holding Company of Mission National Bank, San Francisco, CA Announces Appointment of Director and Chief Executive Officer

Rhea-AI Summary

MNB Holdings Corporation (OTCQB: MNBO) announced the appointment of Ray Skinner as the new Director and Chief Executive Officer of Mission National Bank. With over 30 years of banking experience across multiple states, Skinner aims to strengthen the bank's community impact. The bank, established in 1982, focuses on serving underserved groups, particularly in the Mission District of San Francisco. Its initiatives are backed by its status as an FDIC-insured Minority Depository Institution and Certified Community Development Financial Institution.

Positive

• Ray Skinner brings over 30 years of banking experience, potentially enhancing leadership and operational success.
• Mission National Bank is positioned to impact underserved communities effectively, aligning with their strategic goals.

Negative

• None.

Ray Skinner has been appointed as a Director and Chief Executive Officer (CEO) of Mission National Bank.

SAN FRANCISCO--(BUSINESS WIRE)-- MNB Holdings Corporation (OTCQB: MNBO) (the “Company”), holding company of Mission National Bank, San Francisco, CA (the “Bank”), is pleased to announce the appointment of Ray Skinner as a Director and CEO of Mission National Bank.

“We are pleased to have Mr. Skinner joining as the Bank’s new CEO. We are creating a leadership team with a proven record of success in a bank that is unlike any other community bank in the Bay Area. We are strategically organized for social impact and a successful future. And we are excited to have Mr. Skinner be part of the development of this organization,” stated JoAnne Loughlin, Chairman of the Board.

Ray Skinner is Chief Executive Officer of Mission National Bank. He has over 30 years of experience leading and building high-performance bank teams that help individuals, organizations, and communities grow. Mr. Skinner has served as CEO and other senior executive positions for banks in Missouri, Virginia, Georgia, Hawaii, and Tennessee. Mr. Skinner received his bachelor’s degree from the University of Mississippi and is a graduate of the Barret Graduate School of Banking at Christian Brothers University. Mr. Skinner serves as Chairman of the Board of Trustees of Mid-America Baptist Seminary and College. He is also a member of the executive committee of the Board of Regents at the Barret School of Banking.

Mission National Bank (MNB) was established in 1982 with a mission of serving the underserved. Banking services are provided through a branch in San Francisco, CA which is located in an eligible census tract, classified by high distress, and gives MNB a pulse on its target market.

MNB provides business checking, business lending and personal banking services to underserved groups in the Mission District and surrounding neighborhoods in the San Francisco Bay Area, including minority owned small businesses and niche retailers.

MNB is a FDIC-insured Minority Depository Institution (MDI) and a Certified Community Development Financial Institution (CDFI) by the U.S. Department of the Treasury.

MNB has been awarded the Bank Enterprise Award (BEA) in 2016, 2017, 2018 and 2020 by the Community Development Financial Institution (CDFI) Fund.

See also www.mnbsf.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220607006247/en/

JoAnne Loughlin

Chairman

IR@mnbsf.com

Ming Chow

President

IR@mnbsf.com

Source: MNB Holdings Corporation

FAQ

What is the latest appointment at MNB Holdings Corporation?

Ray Skinner has been appointed as the new Director and CEO of MNB Holdings Corporation.

What experience does Ray Skinner have?

Ray Skinner has over 30 years of experience in banking, holding various senior executive positions across several states.

What is the mission of Mission National Bank?

Mission National Bank's mission is to serve underserved groups, particularly in the Mission District of San Francisco.

What certifications does Mission National Bank hold?

Mission National Bank is an FDIC-insured Minority Depository Institution and a Certified Community Development Financial Institution.

When was Mission National Bank established?

Mission National Bank was established in 1982.