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News Release

For immediate release

Contact: Cheryl Angelotti, Marketing Assistant
941-329-1523
cangelotti@insigniabank.com

 

INSIGNIA CHAIRMAN AND CEO, CHARLES G. BROWN, III APPOINTED TO FDIC ADVISORY COMMITTEE ON COMMUNITY BANKING

Sarasota, Fla. September 18, 2009— Insignia Bank announces that Chairman and CEO, Charles G. Brown, III has been appointed to the FDIC Advisory Committee on Community Banking that will meet in Washington at least twice a year.

“It is quite an honor to be chosen as one of the 14 selected individuals from a pool of over 200 and to be able to represent the community banking industry,” said Charles G. Brown III.

Insignia Bank’s main office is located at 333 North Orange Avenue at the corner of Fruitville Road and North Orange Avenue in Sarasota, FL. Insignia has two branch offices located at 6145 Exchange Way in Lakewood Ranch and 5850 Fruitville Road, Sarasota, FL. Its primary lines of business include consumer and commercial deposit services, commercial real estate lending, residential and commercial mortgages, and investment banking. www.insigniabank.com


Following is the Press Release from the FDIC.

Press Release
FDIC ANNOUNCES MEMBERS FOR THE ADVISORY COMMITTEE ON COMMUNITY BANKING

FOR IMMEDIATE RELEASE
September 18, 2009

Media Contact: Greg Hernandez (202) 898-6984
Cell: (202) 340-4922
Email: ghernandez@fdic.gov

The Federal Deposit Insurance Corporation (FDIC) today announced the selection of 14 members for its Advisory Committee on Community Banking, which was established by the FDIC Board of Directors in May. The Advisory Committee members represent a cross-section of community bankers from around the nation, including a member from academia. The Advisory Committee will provide the FDIC with advice and recommendations on a broad range of policy issues that have particular impact on small community banks from around the nation, the local communities they serve, with a focus on rural areas.

"The financial crisis has had a significant impact on community banks. These banks are essential to the fabric of our country's financial system through their support of business lending and service to the needs of local economies," said FDIC Chairman Sheila Bair. "I look forward to working with the Advisory Committee members on this important endeavor to get valuable contributions and viewpoints to help community banks—large and small—to continue to weather the challenging business environment."

The 14 individuals selected for the Advisory Committee represent a full spectrum of interests and perspectives on community banking. The FDIC received more than 200 applications from interested individuals to participate on the committee.

The committee's first meeting is scheduled for Thursday, October 15, 2009, at FDIC headquarters in Washington, D.C. The committee will meet at least two times a year with Members serving a two-year term. Paul Nash, Deputy to the FDIC Chairman for External Affairs, will serve as the Designated Federal Official for the Advisory Committee.

For more information on the Advisory Committee on Consumer Banking, please visit the FDIC's Web site at http://www.fdic.gov/communitybanking/.

The Advisory Committee members are:

• Daniel R. Blanton, President and CEO, Southeastern Bank Financial Corporation and Georgia Bank & Trust of Augusta

• Charles G. Brown, III, Chairman and CEO, Insignia Bank

• Deborah A. Cole, President and CEO, Citizens Savings Bank & Trust Co.

• Craig M. Goodlock, Chairman and CEO, Farmers State Bank

• James H. Gray, Chairman, Beach Business Bank

• Jack E. Hopkins, President and CEO, CorTrust Bank, N.A.

• Timothy W. Koch, Professor and Chair, Finance Department, Moore School of Business, University of South Carolina

• John P. Lewis, President and CEO, Southern Arizona Community Bank

• Jan A. Miller, President and CEO, Wainwright Bank & Trust Company

• Rebecca Romero Rainey, Chair and CEO, Centinel Bank

• Bruce A. Schriefer, President, Bankers' Bank of Kansas, N.A.

• Laurie Stewart, President and CEO, Sound Community Bank

• Ignacio Urrabazo, Jr., President, Commerce Bank

• Matthew Williams, Chairman and President, Gothenburg State Bank & Trust Company

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