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Ojai Community Bank Elects Donald Scanlin Chairman of the Board
Ojai, California, May 24, 2008 -- Ojai Community Bank, headquartered in the Ojai Valley, announced today that Donald Scanlin was elected to serve as Chairman of the Board of Directors following its annual shareholders meeting held on May 24, 2008. Mr. Scanlin replaces John Russell who will move to the Vice Chairman position.
Mr. Russell commented that, “Don is a very knowledgeable real estate investor who has lived in Ojai with his wife Ann since 1979. His deep business experience together with his sensitivity to local needs will serve both the bank and our community well. We are very pleased to have Don at the helm and look forward to continued success and growth under his leadership.”
Russell served as Chairman of the Board during the initial planning stages of the bank through its first three years of operation. “We are very grateful for the dedication and strong leadership that John Russell has provided. His broad business knowledge and strong commitment to the creation of a community focused bank were major contributions to our success” said Shari Skinner, President and CEO.
Scanlin is a Ventura County native and holds both graduate and under-graduate degrees from the University of California. Originally trained as a petroleum geologist, he has focused his professional efforts primarily on real estate investing for over 30 years. He and his wife Ann have two children, both of which are graduates of Ojai schools and four grandchildren. Serving the community through membership in the Ojai Rotary Club for over 25 years, he has also been very active in many other local causes and organizations.
“Change is good” commented John Russell. “The bank has been a joy to help create during the past four years. However, much of the credit for our success to date must go to the knowledgeable and hard working team of employees who have made it happen. They are amazingly dedicated and talented and I am very proud to be associated with such a great group of people.”
The Ojai Community Bank recently celebrated its third anniversary as part of its annual shareholder meeting held at bank headquarters located a 402 West Ojai Avenue in Ojai. During that meeting, President Skinner presented an overview of the banks condition and invited questions and comments from the shareholders in attendance.
From its inception, Ojai Community Bank was designed to support and serve the local community. Since its opening three years ago, the bank has increased its assets nearly five fold to a benchmark of $50 million in March, 2008. Ojai Community Bank common shares are publicly traded on the over-the-counter bulletin board market under the symbol OJCB. Its web site is www.ojaicommunitybank.com.
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