SOURCE: Commerce National Bank

Commerce National Bank

June 20, 2011 17:48 ET

Commerce National Bank Announces the Appointment of Steve Reid, Vice President, Equipment Finance Department

NEWPORT BEACH, CA--(Marketwire - Jun 20, 2011) - Commerce National Bank (OTCBB: CNBF), a community business bank in its eighth year of operation, is pleased to announce that Steve Reid has joined the bank as Vice President in the Equipment Finance Department.

With over twenty-nine years of experience in equipment leasing and equipment finance, with a heavy emphasis on marketing, Mr. Reid brings an extensive background in generating new leases and equipment finance agreements. "Mr. Reid is a high caliber banking professional with a proven record of accomplishment in developing quality new leasing business. We are very pleased to have him join our team," said President & Chief Executive Officer Mark E. Simmons.

Mr. Reid has held key positions with Nassau Asset Management, Leaf Financial Corporation, Pacific Capital Bank / Santa Barbara Bank & Trust and California Thrift & Loan. Mr. Reid is a graduate of California State University Northridge where he received a B.S. in Business Administration.

Headquartered in Newport Beach, Commerce National Bank is well positioned to serve businesses, professionals and selected real estate professionals in Orange County. The Bank is staffed with 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

  • Contact:
    Mark Simmons
    President/CEO
    Phone: 949-870-3860
    Fax: 949-870-4499
    E-Mail: Email Contact