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Departure of Director or Certain Officers

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Solera National Bancorp has announced the resignations of key executives Kreighton Reed and Peter Lindquist from Solera National Bank. Reed's resignation took effect on January 24, 2022, while Lindquist departed on December 10, 2021. Chairman Mike Quagliano expressed gratitude for their contributions and emphasized the Bank's commitment to enhancing customer service and advancing technology initiatives aimed at long-term success.

Positive
  • Focus on technology initiatives for long-term success
  • Commitment to delivering high-quality customer service
Negative
  • Resignation of key executives may lead to instability

LAKEWOOD, CO / ACCESSWIRE / February 3, 2022 / Solera National Bancorp, Inc. (the "Company") (OTC PINK:SLRK) and Solera National Bank (the ‘Bank'), a national bank and subsidiary of the Company announced that Kreighton Reed, President/Board member, and Peter Lindquist, Executive Vice President and Chief Credit Officer have resigned from the Bank. Mr. Reed's resignation was effective as of the close of business January 24, 2022. Mr. Lindquist's resignation was effective as of the close of business December 10, 2021.

"We thank Kreighton and Peter for their many contributions to Solera" said Solera Bank's Chairman, Mike Quagliano. "Our team continues to move forward and we are focused on delivering top notch customer service to our customers and executing on technology initiatives that will drive our long-term success."

Investor Relations Contacts:

Cheri Walz
Executive Vice President, Chief Financial Officer
cwalz@solerabank.com

SOURCE: Solera National Bancorp, Inc.



View source version on accesswire.com:
https://www.accesswire.com/687197/Departure-of-Director-or-Certain-Officers

FAQ

What significant changes occurred in Solera National Bancorp's leadership recently?

Kreighton Reed and Peter Lindquist resigned from Solera National Bank, effective January 24, 2022, and December 10, 2021, respectively.

How might the executive resignations impact Solera National Bank?

The resignations of key executives may cause instability within the bank's leadership and operations.

What initiatives is Solera National Bancorp focusing on after the executive changes?

The company is focusing on enhancing customer service and advancing technology initiatives for long-term success.

What is the stock symbol for Solera National Bancorp?

The stock symbol for Solera National Bancorp is SLRK.

SOLERA NATL BNCRP INC CO

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Banks - Regional
Financial Services
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United States of America
Lakewood