Attached files
| file | filename |
|---|---|
| 8-K - Reliance Bancshares, Inc. | rbi_8k.htm |
| EX-10.1 - Reliance Bancshares, Inc. | employmentk_8k.htm |
For Immediate
Release
News
Release
RELIANCE
BANCSHARES, INC. ANNOUNCES ALLAN D. IVIE, IV AS PRESIDENT AND CHIEF EXECUTIVE
OFFICER
ST. LOUIS, MISSOURI, June 23, 2010 –
Reliance Bancshares, Inc. announced today that Allan D. Ivie, IV has been
named President and Chief Executive Officer and also as Chairman and Chief
Executive Officer of Reliance Bank, a wholly owned subsidiary of Reliance
Bancshares, Inc. Jerry Von Rohr will remain as Chairman of Reliance
Bancshares, Inc. and Vice Chairman of Reliance Bank where he will continue to
play an active role in the company and its subsidiaries. These
organizational changes will be effective immediately.
In making
the announcement, Von Rohr stated, “We are very pleased to announce that Allan
is joining Reliance. As previously reported, we have been undertaking a
succession planning process and it is now complete. Allan has the
leadership background, talent and energy to take us to the next level. He
is a great addition to the Reliance team and we look forward to working with
him.”
Ivie is a
long-time St. Louis banker. He comes to Reliance from The PrivateBank
which he co-founded in 2000 and where he served as President and Chief Operating
Officer. Prior to The PrivateBank, he held various executive positions at
NationsBank, N.A., The Boatmen’s National Bank of St. Louis, and Sovran Bank,
N.A. of Richmond, Virginia.
“This is
an incredible opportunity in St. Louis banking. Reliance is successfully
managing through the economic downturn and there are fundamental strengths we
can build on over the next few months, starting with retail banking operations
that are performing at their highest levels ever,” stated Ivie. “The Reliance
franchise is the best St. Louis-based bank and has a bright future. I look
forward to working with the Reliance management team to continue building a
strong bank for its customers, employees, and shareholders."
Ivie is a
graduate of the University of Virginia. He is active in the community
serving in leadership positions at several civic organizations. Currently he
serves on the boards of St. Louis County Economic Council, Urban League of
Metropolitan St. Louis, Inc., Beyond Housing/Neighborhood Housing Services,
Regional Housing and Community Development Alliance (RHCDA), The Backstoppers,
and Webster University School of Business and Technology.
About
Reliance Bancshares, Inc.
Reliance
Bancshares, Inc., headquartered in St. Louis, MO, is a publicly held Missouri
bank holding company that provides a full range of banking services to
individual and corporate customers. The company’s common stock is quoted
on the Pink Sheets (www.pinksheets.com)
under the symbol “RLBS”. It currently operates 20 branches in the
St. Louis metropolitan area under the name of Reliance Bank and two Loan
Production Offices – one in Chandler, Arizona and another in Houston,
Texas. It also owns and operates Reliance Bank, FSB, which is located in
Fort Myers, Florida, with three branches in the Southwest Florida area.
The company’s total assets as of March 31, 2010 exceeded $1.4 Billion.
Reliance Bank’s website can be found at www.reliancebankstl.com
Forward looking
statements
This news
release may include forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. When used in this news release,
the words “anticipates,” “expects,” “intends” and similar expressions as they
relate to Reliance Bancshares, its operations or its management are intended to
identify such forward-looking statements. These forward-looking statements
are subject to numerous risks and uncertainties. There are important
factors that could cause actual results to differ materially from those in
forward-looking statements, certain of which are beyond our control. These
factors, risks and uncertainties are discussed in our most recent Annual Report
on Form 10-K filed with the SEC, as updated from time to time in our other SEC
filings.
Contact:
Reliance
Bancshares, Inc.
Investor
Relations
Sue
Freed, Sr. Vice President
314-569-7208
sfreed@reliancebankstl.com