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8-K - FORM 8-K - CENTRUE FINANCIAL CORP | k50755e8vk.htm |
EX-10.1 - EX-10.1 - CENTRUE FINANCIAL CORP | k50755exv10w1.htm |
EXHIBIT 99.1
News Release
FOR IMMEDIATE RELEASE
Richard Chan Peterson Named to
Centrue Financial Corporation Board of Directors
Centrue Financial Corporation Board of Directors
ST. LOUIS, MO, September 26, 2011 Centrue Financial Corporation (OTCQB: TRUE) Chairman
Dennis J. McDonnell has announced the appointment of Richard Chan Peterson to the Centrue
Financial Corporation and Centrue Bank Board of Directors.
Chan will be an excellent complement and is a welcome addition to the current Board, remarked
McDonnell on the appointment. His banking experience and leadership, particularly in the areas of
strategic planning, organizational restructuring and change management, has proven to be highly
impactful to the organizations in which he has served. As we look to strengthen our franchise
through a renewed focus on sales and service, Chans strong retail and business banking background
will undoubtedly be helpful as we also welcome him as a member of the Board of Directors of Centrue
Bank, the Companys wholly-owned bank subsidiary.
With 30 plus years of executive leadership within high profile organizations, Peterson has most
recently been the managing principal and co-founder of Hermitage Capital Partners, a start-up
private equity venture formed to acquire, re-capitalize and aggregate troubled community banks in
the Chicago market. He also served as EVP and Head of Community Banking with Banco Popular North
America where he championed the development of a sales organization while leading organizational
and operational changes that were key in increasing net income. He also served as EVP and New
Jersey Market Manager for Fleet Bank, N.A.
Peterson was appointed to the holding company board in conjunction with the United States
Department of the Treasury as the sole holder of the Companys Class C Fixed Rate Cumulative
Perpetual Preferred Stock. Pursuant to the terms of this stock, the Treasury Department has the
right to elect up to two members to the Board of Directors upon the deferral of six dividend
payments. Members of the Board of Directors elected by the Treasury Department have the same
fiduciary duties and obligations to all of the shareholders of Centrue Financial Corporation as any
other member of the Board of Directors.
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About the Company
Centrue Financial Corporation is a regional financial services company headquartered in St. Louis,
Missouri and devotes special attention to personal service. The Company serves a market area which
extends from the far western and southern suburbs of the Chicago metropolitan area across Central
Illinois down to the metropolitan St. Louis area.
Further information about the Company is available at its website at http://www.centrue.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This release contains certain forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934 as amended. The
Company intends such forward-looking statements to be covered by the safe harbor provisions for
forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and is
including this statement for purposes of these safe harbor provisions. Forward-looking statements,
which are based on certain assumptions and describe future plans, strategies, and expectations of
the Company, are generally identified by the use of words such as believe, expect, intend,
anticipate, estimate, or project or similar expressions. The Companys ability to predict
results, or the actual effect of future plans or strategies, is inherently uncertain. Factors
which could have a material adverse effect on the operations and future prospects of the Company
and the subsidiaries include, but are not limited to, changes in: interest rates; general economic
conditions; legislative/regulatory changes; monetary and fiscal policies of the U.S. government,
including policies of the U.S. Treasury and the Federal Reserve Board; the quality and composition
of the loan or securities portfolios; demand for loan products; deposit flows; competition; demand
for financial services in the Companys market areas; the Companys implementation of new
technologies; the Companys ability to develop and maintain secure and reliable electronic systems;
and accounting principles, policies, and guidelines. These risks and uncertainties should be
considered in evaluating forward-looking statements and undue reliance should not be placed on such
statements.
Contact: | Kurt R. Stevenson President and Chief Executive Officer Centrue Financial Corporation kurt.stevenson@centrue.com |
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