C.A. Bancorp Inc.

C.A. Bancorp Inc.

July 06, 2011 17:00 ET

C.A. Bancorp Announces Resignation of John F. Driscoll

TORONTO, ONTARIO--(Marketwire - July 6, 2011) - C.A. Bancorp Inc. ("C.A. Bancorp" or the "Company") (TSX:BKP) announced today that John F. Driscoll has resigned as a director of the Company and as Chairman of the Company's board (the "Board"). Mr. Driscoll founded the Company, is the former Chief Executive Officer and has been the Chairman since inception.

The Board is now comprised of three members: Paul Haggis, Frank Potter and Timothy Unwin. Paul Haggis has been appointed as Chairman to succeed Mr. Driscoll. The Board intends to consider its size and composition going forward.

C.A. Bancorp Inc.

C.A. Bancorp is a publicly traded Canadian merchant bank and alternative asset manager that provides investors with access to a range of private equity and other alternative asset class investment opportunities. C.A. Bancorp has historically focused on investments in small- and middle-capitalization public and private companies, with emphasis on the industrials, real estate, infrastructure and financial services sectors. The Company is currently executing its Realization Strategy as described in its publicly filed continuous disclosure documents.

This release includes certain forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "should", "plans" or "continue" or the negative thereof or variations thereon or similar terminology. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will provide to be correct. These forward-looking statements are subject to a number of risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements. Reference should be made to the risk factors published in the Company's most recent management discussion and analysis and, with respect to the realization strategy, its directors circular, both of which are available at www.sedar.com.

C.A. Bancorp Inc.
401 Bay Street, Suite 1600
Toronto, Ontario
M5H 2Y4
Telephone: (416) 214-5985
Fax: (416) 861-8166

Contact Information