Blue Valley Ban Corp. (OTCQB: BVBC) (the “Company”), the holding company for Bank of Blue Valley (the “Bank”), today announced the promotions of three senior Bank executives.
Effective Jan. 1, 2015, Mark A. Fortino has been named Executive Vice President and Chief Operating Officer in addition to his role as Chief Financial Officer of the Company; Steve Fleischaker has been named Senior Vice President Director of Sales and Business Development; and Dennis M. Weber has been named First Vice President and Chief Financial Officer of the Bank.
“Mark, Steve and Dennis have all been long-standing and valuable members of our team and their respective promotions are well-deserved and reflect the high level at which they continue to perform,” said Bob Regnier, President and CEO. “They all have a deep understanding of the importance and value of strong customer relationships and continually demonstrate our corporate commitment to community, philanthropy and entrepreneurship.”
Mark Fortino
As COO, Fortino will be responsible for oversight of all financial reporting and analysis, bank operations, human resources, compliance, internal audit, loan review, information technology, facilities, administration, and marketing. In addition, as the Bank looks to build upon its recent strong financial results and further develop its new business pipeline, Fortino will continue to take on greater responsibility for representing the Bank in the community. Fortino has been with the Company and the Bank since 1998. He is a certified public accountant, and for ten years prior to joining the Bank, he served in various positions, including Audit Manager at Baird, Kurtz & Dobson (now BKD, LLP), a public accounting firm in Kansas City, MO. His prior experience includes bank consulting and auditing, bank mergers and acquisitions, public securities offerings, and periodic SEC reporting. Fortino is a member of the Missouri Society of CPAs and the American Institute of CPAs. Fortino has served as treasurer for various not-for-profit boards and remains an active executive board member of the University of Kansas Accounting and Information Systems Advisory Council.
Steve Fleischaker
Fleischaker has been promoted to Senior Vice President, Director of Sales and Business Development. He will continue to serve as the Olathe Market President for Bank of Blue Valley. In his new role, Fleischaker will assume responsibility for the Bank’s sales and business development function. Fleischaker has been with the Bank since 2001 where he arrived as an Assistant Vice President of commercial banking after beginning his banking career in 1994 in Springfield, MO. Fleischaker has served in his current position as Market President since December 2006. In that capacity, he leads a staff of 11 banking professionals, providing a diverse group of banking products and services to the Kansas City community. As Market President, Steve’s primary responsibilities consist of developing and managing a commercial banking portfolio while also representing Bank of Blue Valley in the Olathe community. In addition to his role at the Bank, Fleischaker is the founder of Natalie’s A.R.T. Foundation and currently serves on the boards of the Girl Scouts of NE Kansas and NW Missouri and Cancer Matters. He is a former treasurer and Chair of the Olathe Chamber of Commerce Board of Directors. Fleischaker was recently recognized by the Kansas City Business Journal as a NextGen Leader.
Dennis Weber
Weber will assume the role of Chief Financial Officer of Bank of Blue Valley. He served as Chief Accounting Officer from 2001-2005 and was instrumental in helping the Bank develop departmental profitability reporting and a departmental budgeting process that is still used today. Weber left the Bank in 2005 to accept the CFO position at a Colorado-based bank. He returned to Bank of Blue Valley in 2009 as First Vice President, Credit Administration and was later promoted to First Vice President, Chief Accounting Officer. Weber oversees all day-to-day functions of the accounting department, including internal financial reporting and accounts payable. Weber also oversees the preparation of all external financial reporting, including regulatory reports for the Bank as well as for the Company.
About Blue Valley Ban Corp.
Blue Valley Ban Corp. is a bank holding company that, through its subsidiaries, provides banking services to closely-held businesses, their owners, professionals and individuals in Johnson County, Kansas. In addition, the Company originates residential mortgages locally and nationwide through its InternetMortgage.com and bankbv.com websites.
This release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and is including this statement for purposes of those safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies and expectations of the Company, can generally be identified by use of the words "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," or the negative of these terms or other comparable terminology. The Company is unable to predict the actual results of its future plans or strategies with certainty. Factors which could have a material adverse effect on the operations and future prospects of the Company include, but are not limited to, fluctuations in market rates of interest and loan and deposit pricing; inability to maintain or increase deposit base and secure adequate funding; a continued deterioration of general economic conditions or the demand for housing in the Company's market areas; a deterioration in the demand for mortgage financing; legislative or regulatory changes; regulatory action; continued adverse developments in the Company's loan or investment portfolio; any inability to obtain funding on favorable terms; the Company’s non-payment on Fixed Rate Cumulative Preferred Stock or Trust Preferred Securities; the loss of key personnel; significant increases in competition; potential unfavorable actions from rating agencies; potential unfavorable results of litigation to which the Company may become a party, and the possible dilutive effect of potential acquisitions or expansions. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time, and it is not possible for us to predict all risk factors. Nor can we address the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
