San Diego Trust Bank Promotes Bill Lamison to Senior Vice President
Asset Quality Remains Top Priority for Lender and Bank
SAN DIEGO - San Diego Trust Bank (OTC BB: SDBK) announced today that veteran San Diego banking executive William Lamison has been promoted to Senior Vice President / Commercial Lending Officer. A veteran lender in the San Diego banking community, with more than 26 years of experience, Lamison joined the Bank within it's first year of operation and has played a major role in the Bank's success to date.
Lamison is responsible for the underwriting and management of the Bank's loan portfolio and has been intimately involved with virtually every loan in the Bank's portfolio. Since inception, San Diego Trust has yet to report a single loan, of any size, as delinquent or past due - a statement only a few banks can make these days. "Asset quality has been, and always will be, a top priority for our organization," commented Lamison. "We won't sacrifice future earnings simply to do a deal" he added.
"For all banks and bank holding companies, asset quality has a significant impact on the overall financial condition of the company and is a key element in estimating the future performance of any institution," stated Michael Perry, President and CEO. Bill has been instrumental in the Company's performance over the past couple of years and his promotion is very well-deserved," Perry added.
San Diego Trust has been applauded for its consistent, disciplined approach in building its business over the past three years. The Company's earnings are unmatched by any other independent community bank in the market at this juncture and its shareholders have been handsomely rewarded. "At the end of the day, "quality" business is what truly drives shareholder value, not just quantity," exclaimed Perry. The Company is scheduled to release its quarterly and year-to-date earnings later this month.
Founded by several of San Diego's most respected banking veterans and business leaders, San Diego Trust Bank is dedicated to the timeless principles of superior local market knowledge, unparalleled service, and building exceptional shareholder value. With over three hundred years of experience in banking San Diegans, timely local decision making, and one of the most comprehensive product lines found in the market today, San Diego Trust Bank delivers "Performance You Can Trust."
For more information on the Bank please visit www.sandiegotrust.com or call (619) 525-1700.
CONTACT: Michael Perry
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, balance sheet management, expanded net interest margin, the ability to control costs and expenses, interest rate changes and financial policies of the United States government and general economic conditions. The Bank disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any forward-looking statements contained herein to reflect future events or developments.