Veteran CEO Adds New Title, Expands Strategic Role
SAN RAFAEL, Calif.--(Business Wire)--Tamalpais Bank today announced that current CEO and President Mark
Garwood will assume the role of Chairman in recognition of his
expanding role in the strategic development of the organization.
The bank, a wholly-owned subsidiary of Epic Bancorp (NASDAQ:EPIK)
founded in 1991, operates seven branches in Marin County and has two
SBA and loan production offices (in Santa Rosa and Sacramento).
Carolyn Horan, Ed.D, Chairman of Epic Bancorp and previous
Chairman of Tamalpais Bank, will become Vice Chairman of the Bank and
remain Chairman of the parent corporation. Garwood is also the CEO and
President of Epic Bancorp. He was also Vice Chairman of the Bank prior
to this promotion.
"Mark is a very talented banker and executive," she said. "As CEO
of the bank, he has led the development and expansion for us and, in
his new role, he will employ his skills and expertise on an even
broader scale."
Garwood, a community leader who is also Chairman of the non-profit
Marin Workforce Housing Trust, has served in a variety of senior
management positions at the Bank since its inception. He is also
former chairman of the board of the San Rafael Chamber of Commerce.
"As the Bank moves into the next phase of its development, the
Board felt it was important that we establish an executive structure
that would allow for the efficient alignment of the CEO and Chairman's
position. Carolyn will continue to concentrate her considerable
expertise on the strategy of the entire corporation," he said. "At the
same time, we will still have valuable input at the Bank."
Garwood said the Bank, Marin's first fully "green bank," would
continue to expand its services on the business-to-business side of
its operations. "We are one of the largest SBA lenders in Northern
California and with our new office in Sacramento will be serving an
even broader geographic area."
Garwood resides with his family in Kentfield, CA.
About Epic Bancorp
Epic Bancorp (www.epicbancorp.com), based in San Rafael, CA, is
the parent company of Tamalpais Bank and Tamalpais Wealth Advisors.
The Company had $543 million in assets and $370 million in deposits as
of September 30, 2007. Shares of the Company's common stock are traded
on the NASDAQ Capital Market System under the symbol EPIK. For
additional information, please contact Mark Garwood at 415-526-6400.
About Tamalpais Bank
Tamalpais Bank, a wholly owned subsidiary of Epic Bancorp,
operates seven branches in Marin County and loan production offices in
Sacramento and Santa Rosa. The branches are located in Corte Madera,
Greenbrae, Mill Valley, San Anselmo, downtown San Rafael, Terra Linda
and Tiburon/Belvedere. For additional information, please contact Mark
Chapman 415-526-6485.
About Tamalpais Wealth Advisors
Tamalpais Wealth Advisors, a wholly owned subsidiary of Epic
Bancorp, specializes in helping clients of Tamalpais Bank and other
high net worth families reach their lifetime financial goals through a
collaborative, comprehensive and education-oriented approach to
investment management. For additional information about Tamalpais
Wealth Advisors, please call Bill Osher at 415-526-4300.
This news release contains forward-looking statements with respect
to the financial condition, results of operation and business of Epic
Bancorp and its subsidiaries. These include, but are not limited to,
statements that relate to or are dependent on estimates or assumptions
relating to the prospects of loan growth, credit quality, changes in
securities or financial markets, and certain operating efficiencies
resulting from the operations of Tamalpais Bank and Epic Wealth
Management. These forward-looking statements involve certain risks and
uncertainties. Factors that may cause actual results to differ
materially from those contemplated by such forward-looking statements
include, among others, the following possibilities: (1) competitive
pressure among financial services companies increases significantly;
(2) changes in the interest rate environment reduce interest margins;
(3) general economic conditions, internationally, nationally or in the
State of California are less favorable than expected; (4) legislation
or regulatory requirements or changes adversely affect the businesses
in which the consolidated organization is or will be engaged; (5) the
ability to satisfy the requirements of the Sarbanes-Oxley Act and
other regulations governing internal controls; (6) volatility or
significant changes in the equity and bond markets which can affect
overall growth and profitability of our wealth management business
and; (7) other risks detailed in the Epic Bancorp filings with the
Securities and Exchange Commission. When relying on forward-looking
statements to make decisions with respect to Epic Bancorp, investors
and others are cautioned to consider these and other risks and
uncertainties. Epic Bancorp disclaims any obligation to update any
such factors or to publicly announce the results of any revisions to
any of the forward-looking statements contained herein to reflect
future events or developments.
Tamalpais Bank
Mark Garwood, 415-526-6400
Copyright Business Wire 2008
