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1st Capital Bancorp (FISB) has appointed Marci S. Davis as Executive Vice President and Chief Credit Officer of 1st Capital Bank, effective immediately. Davis, who has nearly 30 years of banking experience, will oversee the Bank's loan portfolio and credit processes. She takes over from Dale Diederick, who will transition to a Special Projects Officer role. CEO Samuel D. Jimenez expressed excitement about Davis's extensive lending expertise and commitment to serving Central Coast communities.
1st Capital Bancorp (OTC Pink:FISB) announced the retirement of Chief Financial Officer, Michael Winiarski, after seven years of service. Sam Jimenez, CEO, expressed appreciation for Winiarski's contributions and wished him well. Tamara Allen has been appointed as the interim CFO during the search for a permanent replacement. The bank, focused on commercial enterprises and residents in Central California, offers a variety of financial products, including loans supported by government programs, with offices in multiple locations across the region.
1st Capital Bancorp (OTC PINK:FISB) announced the successful formation of a bank holding company following shareholder approval on October 8, 2020. This transition allows the Company to enhance shareholder value by improving access to capital markets and increasing flexibility in its capital structure. Each share of the Bank’s common stock has been converted into an equivalent share of the Bancorp's common stock, continuing to trade under the same symbol, FISB. The process simplifies the stock exchange for shareholders, encouraging electronic share options.