AUBURN, Calif.--(BUSINESS WIRE)--Community 1st Bank (OTCBB:CFBN), announced that Kevin R. Watson has joined Community 1st Bank as Executive Vice President and Chief Financial Officer. “We are delighted to have Kevin join the leadership team at Community 1st Bank,” stated James J. Kim, President and Chief Executive Officer. “Kevin is highly respected with a successful and tenured career in the banking industry. Kevin’s track record of improving financial performance and strategic leadership will be a valuable addition to the Bank.”
Mr. Watson's banking career in the greater Sacramento region included service at Calnet Business Bank and Feather River State Bank, serving most of those years as Chief Financial Officer. Most recently, Mr. Watson served at North Valley Bank.
Mr. Watson obtained a Bachelor of Science Degree in Business Administration with an emphasis in Accountancy and a Master in Business Administration from California State University, Chico.
Toni B. White who has been serving as Senior Vice President and Interim Chief Financial Officer will become Senior Vice President and Assistant Chief Financial Officer. Mr. Kim commented, “We appreciate Toni taking on the additional duties of Interim Chief Financial Officer during the Bank’s search for its Chief Financial Officer. Community 1st Bank looks forward to continued growth and success with the redistribution of roles.”
Community 1st Bank is headquartered in Auburn, California, with branches in Roseville and Auburn, California. Community 1st Bank offers a wide range of business and consumer deposit products including remote deposit capture, health savings accounts, online banking, and cash management services. The Bank also offers a full complement of loan products, including commercial, consumer, and real estate loans. For more information about the Bank, visit the Bank’s website at www.community1bank.com.
Forward-Looking Statements
Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, loan production, competitive pressure in the banking industry, balance sheet management, net interest margin variations, the ability to control costs and expenses, changes in the interest rate environment and financial policies of the United States government and general economic conditions. The Bank disclaims any obligation to update any such factors.
