OXFORD BANK CORPORATION ANNOUNCES THE APPOINTMENT OF MICHAEL TIERNEY TO THE OXFORD BANK BOARD OF DIRECTORS
Rhea-AI Summary
Oxford Bank (OTC: OXBC) has appointed Michael J. Tierney to the Oxford Bank Board of Directors, effective immediately. Tierney, described as an industry veteran, joins the board of the holding company for Oxford Bank. This strategic move aims to strengthen the company's leadership and potentially bring fresh perspectives to the organization. The appointment underscores Oxford Bank 's commitment to enhancing its governance structure with experienced professionals in the banking sector.
Positive
- Addition of an experienced industry veteran to the board of directors
- Potential for fresh perspectives and enhanced governance
Negative
- None.
News Market Reaction – OXBC
In the trading session that priced this news, OXBC gained 0.15%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
About Michael Tierney
Tierney's career has included executive roles at various size banks throughout the region ranging from community banks to large regional institutions. Early in his career he held numerous senior roles at Comerica Bank including Senior Vice President, Personal Financial Services overseeing more than 250 depository branch locations and the consumer lending, mortgage, and electronic banking lines of business nationally. He also ran the Midwest Region for Chase Bank's Business Banking unit as the SVP, Managing Director Business Banking. He then transitioned to Peoples State Bank (
Lead Independent Director Karen Mersino commented "The Board and Management has a deep commitment to improvement at every level of the organization. I believe this appointment will positively add to the Board's overall perspective and further enhance the strategic direction of the collective Company. The Board is looking forward to this relationship with a highly respected and extremely experienced
Chairman, CEO and President David Lamb noted "The Bank's Board of Directors with unanimous support of the Company's Board of Directors, made this appointment to recognize the value that Mike can bring to our deliberations on a range of issues as our organization becomes larger and more complex. His experience in all facets of banking from retail and business banking to regulatory and advocacy will add even more industry knowledge to our boardroom." Lamb added "I serve on the Community Bankers of
Oxford Bank is a subsidiary of Oxford Bank Corporation, a registered holding company. It is the oldest commercial bank in
Except for the historical information contained herein, the matters discussed in the Release may be deemed forward-looking statements that involve risk and uncertainties. Words or phrases "will likely result", "are expected to", "will continue", "is anticipated", "estimate", "project", or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Factors which could cause actual results to differ, include, but are not limited to, fluctuations in interest rates, changes in economic conditions of the Bank's market area, changes in policies by regulatory agencies, the acceptance of new products, the impact of competitive products and pricing and the other risks detailed from time to time in the Bank's and Corporation's reports. These forward-looking statements represent the Bank's judgment as of the date of this report. The Bank disclaims, however, any intent or obligation to update these forward-looking statements.
Contact: | David P. Lamb, Chairman, President & CEO |
Phone: | (248) 628-2533 |
Fax: | (248) 969-7230 |
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SOURCE Oxford Bank Corporation