Published:
Treasure State Bank Appoints New President & CEO
MISSOULA, Mont. - (BUSINESS WIRE) - The Board of Directors of Treasure State Bank (OTCBB:TRSU) today
announced the appointment of James Salisbury as President & CEO. Mr.
Salisbury replaces Shelley Boutelle, who has served as President & CEO
since the Bank's inception in January 2007.
Mr. Salisbury was one of the original organizers of the Bank and has
been an active member of the Board of Directors. He serves as Vice
Chairman of the Board and Chairman of the Asset Liability Management and
Interest Rate Risk Committee. He is also a member of the Executive
Committee and Loan Committee.
Mr. Salisbury has over 20 years experience in banking. Prior to being
involved with Treasure State Bank, he served as Executive Vice President
and Chief Financial Officer of the Missoula-based Western Security Bank,
a subsidiary of the publicly traded WesterFed Financial Corporation,
with over $1 billion in assets.
According to Mark Hawkins, Board Chairman, "Mr. Salisbury has the full
confidence of the Board. His expertise in directing the financial
affairs of large institutions, coupled with his intimate knowledge of
the Bank and experience managing bank capital and dealing with
regulatory compliance issues, makes him an ideal person to assume
leadership responsibility during this critical period in the Bank's
development. His appointment has been approved by the FDIC and Montana
Division of Banking and Financial Institutions."
About Treasure State Bank
Treasure State Bank, a state chartered bank, is headquartered in
Missoula, Montana. The Bank was founded in January 2007. Treasure State
Bank currently trades on the Over the Counter Bulletin Board (OTCBB)
under the ticker symbol "TRSU" . Treasure State Bank serves businesses,
professionals, non-profit organizations and individuals through
customized banking services and products. For more information, please
visit www.treasurestatebank.com.
Treasure State Bank
Mark Hawkins, Chairman of the Board,
406-543-8700
or
James Salisbury, President & CEO, 406-543-8700
406-543-8700
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