more

Thursday, June 20, 2013

Community Banking

Register for a Free Trial

Subscribe for Full Access

Bank of Commerce in California Moves Past Chairman's Death

by Chris Cumming

FEB 22, 2013 9:17am ET

Print

Email

Reprints

Comment

Bank of Commerce Holdings (BOCH) in Redding, Calif., has elected two directors after the death of its chairman.

The $979 million-asset company said Thursday that Lyle Tullis will become the chairman and Jon Halfhide will serve as vice chairman. Tullis succeeds Ken Gifford, who died earlier this month, according to a report in the Redding Record Searchlight.

Tullis, a director since 2003, had been the company's vice chairman. Halfhide, a director since 2006, chairs the executive compensation committee.

"The board's announcement today is made with heavy hearts as it follows the recent passing of our beloved and respected chairman," Patrick Moty, the company's president and chief executive, said in a press release. Gifford "has left us with standards of excellence that [Tullis and Halfhide] have committed to uphold and maintain."

Bank of Commerce sold its mortgage unit last fall.

JOIN THE DISCUSSION

Comment

SEE MORE IN

Community Banking

IN PICTURES

Shrinking Branches: How Wells, Umpqua and Bank of West are Downsizing

Branch transaction volumes are dropping but many banks continue to view physical facilities critical to acquiring customers, originating loans and branding businesses: The branches just need a different, lower-cost design.

Wells Fargo (WFC), Bank of the West and Umpqua (UMPQ) are among the banks scaling down branches and eliminating teller windows. Here's a photo sampling of branch concepts that do away with the need for larger real estate.

(Image: Thinkstock)

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:

MOST EMAILED

PaymentsSource.com What's this?

TWITTER

FACEBOOK

LINKEDIN

More Departments