SOURCE: Baytree Bank

Baytree Bank

August 29, 2011 12:06 ET

EB Financial Group, Inc., Parent Company of Lake Forest Bank Baytree, Announces New Chairman

Board of Directors Elects Gary Longman After Acquiring Lake Forest Bank Baytree

LAKE FOREST, IL--(Marketwire - Aug 29, 2011) - The Board of Directors of EB Financial Group, Inc. announced today that it has elected Gary Longman as the Company's Chairman of the Board. Longman succeeds Willard Bunn III, who has served as Chairman since shortly after EB Financial Group acquired Baytree National Bank and Trust Co., a leading bank in Lake Forest, in January 2010.

Gary brings eight years of bank holding company and bank board experience to his new role. Previously, Gary served as the Chairman of the Bank's audit committee as a member of the ALCO committee, and has been a member of the board of directors of the company since its inception. He also previously was Partner in Charge of the Audit Practice of KPMG, LLC Chicago office for several years.

Baytree National Bank & Trust Company President and CEO Mike Flynn said, "Gary is well respected by the Board Members and the Baytree leadership. I look forward to working with Gary and the rest of the Board to achieve our highest priority of serving the needs of our clients, employees and community."

Mr. Bunn will continue to serve as a member of the Board of Directors of the Company and as the Chairman of Baytree National Bank and Trust Co.

"Gary is the ideal chairman for EB Financial," Mr. Bunn said. "The board is comprised of talented people to draw from, but Gary is unique with his background in the banking business and his good working relationship with our regulators. It will be a pleasure to work more actively with him."

"On behalf of the entire EB Financial Board, I want to express my gratitude to Willard for his service and leadership as Chairman of the Board," Flynn added.

Baytree National Bank & Trust is a full-service bank in Lake Forest, also serving Lake Bluff and the greater North Shore and Chicagoland area. Baytree specializes in personal banking, commercial banking, treasury management services, mortgage lending and equipment leasing services. Baytree is a member of the FDIC and is affiliated with EB Financial Group, Inc.

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