Bank of Florida Corp. Announces Realignment of Execut
Officer Duties and Receipt of an Advisory Letter from N
January 12, 2010 05:03 PM Eastern Time
NAPLES, Fla.--(EON: Enhanced Online News)--Bank of Florida Corporation (NASDAQ:BOFL) announced today a realignmen
officer duties to continue to leverage the Company’s resources and talents.
Senior Executive Vice President John B. James, who has more than 40 years of banking experience, has spent the majority of his ti
18 months working with troubled borrowers and managing credits. “John’s skill set and substantial experience in this area has been
successes we are having in working out problem loans. As a result, I have asked him to formally move 100 percent of his focus and
our Special Assets Division,” said Mike L McMullan, Chief Executive Officer and President. In addition to his position within the co
continue to provide a leadership role as a member of the Board of Directors of the Company.
Tracy L. Keegan, the company’s Chief Financial Officer, will also assume the role of Chief Administrative Officer. In addition to fin
oversee human resources, operations, and information technology.
The company has named John S. Chaperon as Chief Credit Policy Officer. Chaperon has previously carried the credit responsibiliti
Director of Corporate Risk Management position. “It is important for us to continue to build upon the credit functions of our Comp
through these economic times and look to the future,” stated McMullan. Chaperon will continue to oversee credit administration, cr
loan operations and loan review. The Company’s Internal Auditor and Corporate Compliance Officer will assume the interim role o
Corporate Risk Management.
“After reviewing the extreme depth and strength of our management team, we felt it was appropriate to make these changes as we h
We are confident that we are diligently focused on areas that will ensure the long-term future and growth of our Company,” McMull
In addition to management changes, the Company announced that it rece