Treasure State Bank Appoints New President & CEO

Fri Oct 30, 2009 12:33pm EDT
 
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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 

Copyright Business Wire 2009

 

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