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Golden Pacific Bancorp Appoints Shami Patel to Its Board of Directors

Friday, November 12, 2010 6:51 PM

Nov. 12, 2010 (Business Wire) -- Golden Pacific Bancorp announced today that Mr. Shami Patel has been appointed to the Board of Directors for Golden Pacific Bancorp as well as Golden Pacific Bank and Gold Country Bank.

Mr. Patel is a private investor in the financial services sector. He is a current member of the Board at Duke University Law School, as well as a member of the Board of the Seven Hills School in Walnut Creek, CA.

Previously, Mr. Patel served as Chief Operating Officer and Chief Investment Officer for Alesco Financial, a mortgage real estate investment trust with over $15 billion in assets. Mr. Patel also served as the managing director of Cohen and Company, where he managed $11 billion in bank and insurance company investments.

"Mr. Patel brings an incredible amount of experience to our Board of Directors. His background in various facets of banking and financial services brings added depth to the already broad base of our Board's expertise," said Frank Washington, Chairman of the Board for Golden Pacific Bancorp.

Mr. Patel received his education at Trinity University, as well as his MBA and JD with honors from Duke University.

About Golden Pacific Bancorp

Golden Pacific Bancorp is a bank holding company headquartered in Sacramento, CA. Golden Pacific Bank is a division of Gold Country Bank and is wholly owned by Golden Pacific Bancorp. Gold Country Bank operates 6 branches in Yuba, Sutter, Butte, and Sacramento counties and has a 24 year history of community banking in Northern California.

This press release contains statements which constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve the anticipated development and expansion of our business, and our intent, belief or current expectations, and that of our directors or our officers.Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.These risks and uncertainties include, but are not limited to, risks related to the local and national economy, our performance and implementation of our business plans, loan performance, interest rates, and regulatory matters.

Golden Pacific Bancorp
Crystal Bullard, 916-444-2450
Director of Creative Solutions

(Source: Business Wire )
(Source: Quotemedia)


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