Solera National Bancorp, Inc. and Solera National Bank Announce Board Resignations
March 10, 2014 at 04:50 pm
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Solera National Bancorp, Inc. announced that Mr. Robert Gallegos and Mr. Robert Alvarado, members of the Board of Directors the company notified the company that they will not stand for reelection as directors of the company upon the expiration of their terms at the company's 2014 Annual Meeting of Shareholders, which is scheduled to be held on May 22, 2014 for stockholders of record as of March 31, 2014. Mr. Gallegos and Mr.
Alvarado will resign as directors of the Solera National Bank, effective immediately following adjournment of the Annual Meeting. Mr. Gallegos and Mr. Alvarado's decision to not stand for reelection is not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
Solera National Bancorp, Inc. is the holding company for Solera National Bank (Bank). The Bank is a business-focused bank located in the Denver metropolitan area. The Bank serves the needs of emerging businesses and real estate investors. The Bank offers a range of commercial and consumer banking services. The Bank aggregates loans into five portfolio segments: commercial real estate, residential real estate, commercial and industrial, construction and land development, and consumer. The Bank's personal banking services include checking accounts, savings accounts, certificates of deposits (CDs), other products and services, certificate of deposit account registry service (CDARS) and others. The Bank's business banking services include checking accounts, savings accounts, business loans, CDs, remote deposit, CDARS, telephone banking, loans, treasury management and additional business services.
SOLERA NATIONAL BANCORP, INC. 
