SAN LUIS OBISPO, Calif., Jan. 17, 2012 /PRNewswire/ -- American Perspective Bank (OTC Bulletin Board: APBA) (the "Bank") today announced that Matthew P. Quaglino has been appointed as a member of the Bank's Board of Directors.
Mr. Quaglino was one of the original organizers of the Bank in 2007. Since then, he has continued to be actively involved with the Bank as a client, member of the Shareholders Advisory Circle, and participant in the Bank's local advertising and promotion. Mr. Quaglino's family dates back four generations in San Luis Obispo County. He has been a resident of the Central Coast of California for his entire life. Mr. Quaglino is a well known local businessman with a 25 year history of owning successful firms in San Luis Obispo County. He is currently the President & Chief Executive Officer of James A. Quaglino, Inc., a general construction and roofing contractor headquartered in San Luis Obispo. He is also presently the General Manager for a number of entities which own and manage various residential, multifamily, and commercial properties located throughout San Luis Obispo County.
Mr. Quaglino has a long history of extensive community involvement. He has served the City of San Luis Obispo on a number of task forces and advisory panels addressing local planning and development matters. Over the years, he has been an active member of various organizations targeted at improving the quality of life on the Central Coast, including the Native Sons of the Golden West, the Chamber of Commerce, the Elks, 4-H, Future Farmers of America, and the Community Foundation. Mr. Quaglino's immediate family includes his wife of 31 years and his two children, all of whom are also active throughout San Luis Obispo County.
Mr. Quaglino stated: "I look forward to even more extensively supporting the Bank as a director. I was attracted to the Bank since its initial organization, as its mission and vision integrated well with the business needs of our local community. The Bank's focus on providing customized financial solutions, advanced technology, and a concierge level of service to professionals and commercial enterprises is an excellent strategy that has quite effectively differentiated the Bank from other financial institutions." Mr. Quaglino then added: "As the owner of a significant investment in the Bank's common stock, I also look forward to supporting the shareholder value orientation maintained by the Board of Directors."
Regarding Mr. Quaglino's appointment to the Bank's Board of Directors, Thomas J. Madden, Chairman of the Board, commented: "Matt Quaglino is a successful, self-made businessperson; and we are both proud and fortunate to have him join the Board of Directors. With his longstanding ties to the Central Coast region and his detailed knowledge of local real estate markets, Mr. Quaglino will be a valuable addition."
Michael D. Bouquet, the Bank's Vice Chairman of the Board of Directors, then added: "Mr. Quaglino has demonstrated a strong commitment to the Bank since its opening for business in 2007. He has regularly volunteered to be a resource to the Bank in a range of areas, from advertising to real estate permitting to generating business referrals. We look forward to having Matt further contribute as a member of the Board of Directors."
The Bank's target markets are commercial enterprises, professionals, real estate investors, family business entities, and residents in San Luis Obispo County and northern Santa Barbara County. The San Luis Obispo branch office is located at 4051 Broad Street, Suite 140, San Luis Obispo, California, near the intersection of Broad Street (Highway 227) and Tank Farm Road. The Santa Maria branch office is located at 2646 Santa Maria Way, Suite 101, Santa Maria, California, near the intersection of Santa Maria Way and Broadway. The Paso Robles loan production office is located at 720 10th Street in downtown Paso Robles. The Bank's deposits are insured by the FDIC up to applicable legal limits.
Certain of the statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "anticipate," "intend," "estimate," "target," "plans," "may increase," "may fluctuate," "may result in," "are projected," and similar expressions. The Bank's actual results may differ materially from those included in the forward-looking statements. These forward-looking statements involve risks and uncertainties including, but not limited to, the economic, business, and real estate market conditions in the Bank's market areas, the interest rate environment, competition, regulatory and legislative actions, the possibility that the Bank will not be successful in achieving its strategic objectives, the performance and contributions of employees and directors, and other factors. The Bank does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements.
This news release is available at the www.AmericanPerspectiveBank.com Internet site for no charge.
Phone: (805) 547 - 2800 (San Luis Obispo Branch)
Facsimile: (805) 547 - 2801 (San Luis Obispo Branch)
Phone: (805) 354 - 7800 (Santa Maria Branch)
Facsimile: (805) 354 - 7801 (Santa Maria Branch)
Phone: (805) 226 - 5300 (Paso Robles Loan Production Office)
Facsimile: (805) 226 - 5301 (Paso Robles Loan Production Office)
SOURCE American Perspective Bank