SOURCE: Commerce National Bank

Commerce National Bank

April 28, 2010 09:00 ET

Commerce National Bank Announces the Appointment of Nancy Russell, Vice President, SBA Business Development Officer

NEWPORT BEACH, CA--(Marketwire - April 28, 2010) -  Commerce National Bank (OTCBB: CNBF), a community business bank now in its seventh year of operation, is pleased to announce that Nancy Russell has joined Commerce National Bank as Vice President, SBA Business Development Officer.

With over 20 years of experience in SBA lending where she has focused on new business development, Ms. Russell brings an extensive background in generating new SBA loans, both commercial 7A loans and owner occupied 504 first trust deed real estate loans. "Ms. Russell is a high caliber banking professional with a proven record of accomplishment in developing high quality new SBA business. We are very pleased to have her join our team," said President & Chief Executive Officer Mark E. Simmons.

Ms. Russell has held key positions with Comerica Bank where she won the U.S. Small Business Administration 2008 Financial Services Champion of the Year Award, and The Money Store Investment Corporation where she won the U.S. Small Business Administration 1997 Financial Services Advocate of the Year Award.

Ms. Russell is a graduate of California State University Fullerton where she received her Bachelor of Arts Degree in Business Administration "With Honors." Professional affiliations include being Chair of the Orange County Small Business Development Advisory Board, Chair of the Santa Ana Region LEAD SBDC Advisory Council and National Trustee of the Delta Zeta Foundation.

With offices in Newport Beach and the city of Fullerton, Commerce National Bank is well positioned to serve businesses, professionals and selected real estate customers in both the northern and southern areas of Orange County. The offices are staffed by experienced business bankers who are committed to providing exemplary service to their customers in the business community.

Forward-Looking Statement

This news release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about Commerce National Bank's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and the following: Commerce National Bank's timely development of new products and services, technological changes, changes in consumer spending and savings habits and other risks discussed from time to time in Commerce National Bank's reports and filings with the Office of the Comptroller of the Currency. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made, and Commerce National Bank does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.

Contact Information

    Mark Simmons
    Phone: 949-870-3860
    Fax: 949-870-4499
    E-Mail: Email Contact