REDDING, Calif., Dec. 19, 2013 /PRNewswire/ -- Randall S. Eslick, President and Chief Executive Officer of Bank of Commerce Holdings (NASDAQ:BOCH) (the "Company"), a $932 million bank holding company and parent company of Redding Bank of Commerce™ (the "Bank"), today announced that Robert H. Muttera will be joining the Bank as Executive Vice President – Chief Credit Officer effective January 17, 2014. Mr. Muttera will succeed Robert N. Rowe who has determined to leave the Bank to pursue other career opportunities.
The Company also announced that Samuel D. Jimenez, Executive Vice President – Chief Financial Officer has been promoted to Executive Vice President – Chief Operating Officer and Chief Financial Officer and Robert J. O'Neil, Senior Vice President – Regional Credit Manager has been promoted to Senior Vice President – Regional President.
"We are very pleased that Robert Muttera will be joining our Company. Mr. Muttera has extensive experience in credit administration and executive bank management, and will be a valuable asset to our leadership team," said Mr. Eslick.
Mr. Muttera has over thirty years of banking experience, most recently as an Executive Vice President – Chief Credit Officer of another banking institution. He received a Bachelor of Science in Business Administration and Accounting from California State University, Sacramento.
About Bank of Commerce Holdings
Bank of Commerce Holdings is a bank holding company headquartered in Redding, California and is the parent company for Redding Bank of Commerce™ which operates under two separate names (Redding Bank of CommerceTM and Roseville Bank of CommerceTM, a division of Redding Bank of Commerce). The Bank is an FDIC insured California banking corporation providing commercial banking and financial services through four offices located in Northern California. The Bank opened on October 22, 1982. The Company's common stock is listed on the NASDAQ Global Market and trades under the symbol "BOCH."
Bank of Commerce Holdings (the "Company") wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995. This news release includes statements by the Company, which describe management's expectations and developments, which may not be based on historical facts and are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21B of the Securities Act of 1934, as amended. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely. In addition to discussions about risks and uncertainties set forth from time to time in the Company's public filings, factors that may cause actual results to differ materially from those contemplated by such forward looking statements include, among others, the following possibilities: (1) local, national and international economic conditions are less favorable than expected or have a more direct and pronounced effect on the Company than expected and adversely affect the company's ability to continue its internal growth at historical rates and maintain the quality of its earning assets; (2) changes in interest rates reduce interest margins more than expected and negatively affect funding sources; (3) projected business increases following strategic expansion or opening or acquiring new banks and/or branches are lower than expected; (4) costs or difficulties related to the integration of acquisitions are greater than expected; (5) competitive pressure among financial institutions increases significantly; (6) legislation or regulatory requirements or changes adversely affect the businesses in which the Company is engaged.
Investment firms making a market in BOCH stock are:
Raymond James Financial
John T. Cavender
555 Market Street
San Francisco, CA 94105
919 Third Avenue, 6th Floor
New York, NY 10022
McAdams Wright Ragen, Inc.
1121 SW Fifth Avenue
Portland, OR 97204
1255 East Street #100
Redding, CA 96001
1175 Peachtree Street NE #100
Colony Square Suite 2250
Atlanta, GA 30361
SOURCE Bank of Commerce Holdings