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Press Release - First State Bancorporation (FSNM-NASDAQ) |
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“To sum it up, this is a very challenging banking environment. Our CEO and I have been through much tougher markets in the late 1980’s and early 1990’s, so what we see right now are not necessarily challenges as much as opportunities. We have an outstanding group of people to work with in our organization from senior management right down to the front lines; we are very proud of our people and their ability to get the job done. We are confident that they are going to help us be very successful over the next several years...” - H. Patrick Dee (Interview published August 22, 2008) |
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ALBUQUERQUE, N.M.--(BUSINESS WIRE)-- First State Bancorporation (NASDAQ:FSNM) today announced that the appointments by the board of directors of Garrey E. Carruthers as Chairman of the Board and H. Patrick Dee as President and Chief Executive Officer have been confirmed by the Federal Reserve Bank of Kansas City. Mr. Dee will also be assuming the position of Chairman of the Board and Chief Executive Officer of First Community Bank, the Company's subsidiary. In addition to serving as Chief Executive Officer of the bank, Mr. Dee will continue to serve as President. "We are pleased that an experienced individual such as Pat is in place to lead our company forward," stated incoming board chairman Garrey Carruthers. "Our board has great confidence in his ability and believe that he is up to the challenges that we face," continued Carruthers. ABOUT FIRST STATE First State Bancorporation is a New Mexico-based commercial bank holding company (NASDAQ:FSNM). First State provides services, through its subsidiary First Community Bank, to customers from a total of 40 branches located in New Mexico and Arizona. On Wednesday, January 27, 2010, First State's stock closed at $0.61 per share. First State's news releases and filings with the Securities and Exchange Commission are available through the Investor Relations section of First State's website at www.fcbnm.com. ADDITIONAL INFORMATION AND WHERE TO FIND IT First State's news releases and filings with the Securities and Exchange Commission are available through the Investor Relations section of First State's website at www.fcbnm.com. Investors and securityholders may also obtain these documents free of charge at the SEC's website at www.sec.gov. Source: First State BancorporationContact: First State Bancorporation H. Patrick Dee Chief Executive Officer 505-241-7102 Christopher C. Spencer Chief Financial Officer 505-241-7154 >
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