ECB Bancorp, Inc. Announces Promotion of Lorie Y. Runion as Executive Vice President, Chief Administrative Officer & Corporat...
26 1월 2012 - 1:01AM
Business Wire
A. Dwight Utz, President/CEO of ECB Bancorp (ECB) and the East
Carolina Bank announced today the promotion of Lorie Y. Runion as
Executive Vice President, Chief Administrative Officer for ECB
Bancorp, Inc. and the East Carolina Bank. Ms. Runion has also been
named Corporate Secretary of the Corporation. Since joining ECB in
December 2009, she has served as SVP, Chief Administrative Officer
and was appointed as an executive officer for both the corporation
and the bank in January 2011.
As Chief Administrative Officer (CAO), Ms. Runion will continue
to have oversight for our Company’s strategic plan and the
alignment of business decisions to our overall strategic rationale;
Human Resources, and our Learning and Talent Development function,
including ECB University; and special project management. She will
assume responsibility for building ECB’s Corporate Communications
function which involves the development and implementation of
communications programs to a wide range of stakeholders. Ms. Runion
is a member of our Strategic Thinking Group (STG) and holds
management responsibility for the Compensation Committee of the
Board.
“In today’s world of organizational complexity, rapid change,
new regulation and the challenge to remain competitive and
innovative, we believe that strategy development and execution is a
continuous process. The development and implementation of a robust
communication program, both internally and externally, to our wide
range of stakeholders including our associates, customers,
shareholders, investors, communities and the general public is
crucial to the communication of ECB’s strategy. Ms. Runion’s
strategic approach and vision complemented by her expertise in
areas of strategic planning, corporate communication, talent
development/acquisition, marketing, special projects and banking in
general properly position her to assume the responsibilities EVP
for ECB,“ stated President/CEO, A Dwight Utz.
“I am certainly honored and very pleased to be appointed as
ECB’s EVP, CAO and to continue to work with the dynamic leadership
team here at ECB,“ commented Ms. Runion. “My energy will be focused
on leveraging my talent to position ECB for our planned strategic
growth and as a vibrant provider of financial services.”
Ms. Runion’s over 30 years in the financial services industry
include serving as Senior Vice President at Drovers Bank, in York,
PA and as Executive Vice President at First National Bank in
Hermitage, PA. Prior to joining ECB, Lorie was with Beach First
National Bank, now BNC, and was a teaching associate with the Wall
College of Business at Coastal Carolina University in the area of
Marketing. Her Banking career started as a part-time summer
employee at Peoples Bank of Glen Rock, Glen Rock, PA for whom she
worked multiple summers, holidays and evenings while obtaining her
Master’s degree.
She is a 1989 graduate of Stonier Graduate School of Banking and
was a member of the ABA Marketing Network’s strategic colloquium of
senior executives for banks under $10 billion for 12 years. Lorie
has held the designation of Certified Financial Marketing
Professional (CFMP) and completed the Executive Leadership Program
with the Napier Group. She holds a B.S. in Education from York
College of Pennsylvania and a M.S. in Psychology from Millersville
University.
Ms. Runion and her husband James live in Kill Devil Hills, NC.
They have two children, Benjamin Runion of Charleston, SC and
Jessica Runion Cox of Ft Bragg, NC where her husband serves with
the 82nd Airborne.
About ECB Bancorp, Inc.
ECB Bancorp, Inc. is a bank holding company, headquartered in
Engelhard, North Carolina, whose wholly-owned subsidiary, The East
Carolina Bank, is a state-chartered, independent community bank
insured by the FDIC. The Bank provides a full range of financial
services through its 25 offices covering eastern North Carolina
from Currituck to Ocean Isle Beach and Greenville to Hatteras. The
Bank also provides mortgages, insurance services through the Bank’s
licensed agents, and investment and brokerage services offered
through a third-party broker-dealer. The Company’s common stock is
listed NYSE Amex under the symbol “ECBE”. More information can be
obtained by visiting ECB's web site at www.myecb.com.
“Safe Harbor Statement” Under the Private Securities
Litigation Reform Act of 1995
Statements in this Press Release relating to plans, strategies,
economic performance and trends, projections of results of specific
activities or investments, expectations or beliefs about future
events or results, and other statements that are not descriptions
of historical facts, may be forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking information is inherently subject to risks and
uncertainties, and actual results could differ materially from
those currently anticipated due to a number of factors, which
include, but are not limited to, risk factors discussed in the
Company’s Annual Report on Form 10-K and in other documents filed
by the Company with the Securities and Exchange Commission from
time to time. Forward-looking statements may be identified by terms
such as “may”, “will”, “should”, “could”, “expects”, “plans”,
“intends”, “anticipates”, “feels”, “believes”, “estimates”,
“predicts”, “forecasts”, “potential” or “continue”, or similar
terms or the negative of these terms, or other statements
concerning opinions or judgments of the Company’s management about
future events. Factors that could influence the accuracy of such
forward-looking statements include, but are not limited to: the
regulatory and shareholder approvals required for the private
placement may not be obtained or may not be obtained on the terms
expected or on the schedule that we anticipate; and other closing
conditions for the private placement may not be satisfied. In
addition, factors that could have a material impact on the results
of operations of the Company include, but are not limited to,
pressures on the Company’s earnings, capital and liquidity
resulting from current and future conditions in the credit and
equity markets; the financial success or changing strategies of the
Company’s customers; actions of government regulators or changes in
laws, regulations or accounting standards that adversely affect our
business; changes in the interest rate environment and the level of
market interest rates that reduce our net interest margins and/or
the values of loans we make and securities we hold; weather and
similar conditions, particularly the effect of hurricanes on the
Company’s banking and operations facilities and on the Company’s
customers and the communities in which it does business; continued
or unexpected increases in credit losses in the Company’s loan
portfolio; continued adverse conditions in general economic
conditions and real estate values in our banking market
(particularly as those conditions affect our loan portfolio, the
abilities of our borrowers to repay their loans, and the values of
loan collateral); and other developments or changes in our business
that we do not expect. Although the Company believes that the
expectations reflected in the forward-looking statements are
reasonable, it cannot guarantee future results, levels of activity,
performance or achievements. All forward-looking statements
attributable to the Company are expressly qualified in their
entirety by the cautionary statements in this paragraph. The
Company has no obligation, and does not intend, to update these
forward-looking statements.
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