National Commerce Corporation Announces Executive Changes Pursuant to its Management Succession Plan
28 August 2018 - 8:00PM
National Commerce Corporation (Nasdaq: NCOM) (“NCC” or the
“Company”), the parent company of National Bank of Commerce
(“NBC”), headquartered in Birmingham, Alabama, announced today the
continued implementation of the Company’s management succession
plan with the election of Richard Murray, IV as Chairman of the
Board of Directors. Mr. Murray will also continue in his
position as Chief Executive Officer of the Company.
Additionally, William E. Matthews, V, formerly Vice Chairman of the
Board of Directors, has been named President of the Company and
will continue to serve as Chief Financial Officer and as a
director. Former Executive Chairman John H. Holcomb, III was
named Chairman of the Executive Committee and Vice Chairman of the
Board of Directors. Additionally, Robert B. Aland, formerly
Atlanta Market President for NBC, was named Executive Vice
President and Chief Administrative Officer of the Company.
“I am honored to succeed John Holcomb as
National Commerce Corporation’s Chairman,” said Murray.
“Having been a colleague of his for over 25 years, Will and I are
also very pleased that John will continue to remain very involved
in the Company as Chairman of the Executive Committee and Vice
Chairman.”
About National Commerce Corporation
National Commerce Corporation (Nasdaq: NCOM), a
Delaware corporation, is a financial holding company headquartered
in Birmingham, Alabama. Its wholly-owned subsidiary, National
Bank of Commerce, provides a broad array of financial services for
commercial and consumer customers through seven full-service
banking offices in Alabama, twenty-five full-service banking
offices in Florida and five full-service banking offices in the
Atlanta, Georgia metro area. National Bank of Commerce
conducts business under a number of trade names unique to its local
markets, including United Legacy Bank, Reunion Bank of Florida,
Private Bank of Buckhead, Private Bank of Decatur, PrivatePlus
Mortgage, Patriot Bank, FirstAtlantic Bank, Premier Community Bank
of Florida and First Landmark Bank.
Additionally, National Bank of Commerce owns a
majority stake in Corporate Billing, LLC, a transaction-based
finance company based in Decatur, Alabama that provides factoring,
invoicing, collection and accounts receivable management services
to transportation companies and automotive parts and service
providers throughout the United States and parts of Canada.
National Commerce Corporation files periodic
reports with the U.S. Securities and Exchange Commission (the
“SEC”). Copies of its filings may be obtained through the
SEC’s website at www.sec.gov or at
www.nationalbankofcommerce.com. More information about
National Commerce Corporation and National Bank of Commerce may be
obtained at www.nationalbankofcommerce.com.
Forward-Looking Statements
Certain statements contained in this press
release that are not statements of historical fact constitute
forward-looking statements for which NCC claims the protection of
the safe harbor provisions contained in the Private Securities
Litigation Reform Act of 1995 (the “Act”), notwithstanding that
such statements are not specifically identified as such. In
addition, certain statements may be contained in NCC’s future
filings with the SEC, in press releases and in oral and written
statements made by NCC or with NCC’s approval that are not
statements of historical fact and that constitute forward-looking
statements within the meaning of the Act. Words such as
“believes,” “anticipates,” “expects,” “intends,” “targeted,”
“continue,” “remain,” “will,” “should,” “may” and other similar
expressions are intended to identify forward-looking statements but
are not the exclusive means of identifying such statements.
Forward-looking statements (including oral representations) involve
risks and uncertainties that may cause actual results to differ
materially from any future results, performance or achievements
expressed or implied by such statements. Forward-looking
statements made by NCC in this press release or elsewhere speak
only as of the date on which the statements were made. You
are advised to read the risk factors in NCC’s most recently filed
Annual Report on Form 10-K and subsequent filings with the SEC,
which are available through the website maintained by the SEC at
www.sec.gov or by accessing information available at
www.nationalbankofcommerce.com. New risks and uncertainties
arise from time to time, and it is impossible for NCC to predict
these events or how they may affect it or its anticipated
results. NCC has no duty to, and does not intend to, update
or revise the forward-looking statements in this press release,
except as may be required by law. In light of these risks and
uncertainties, readers should keep in mind that any forward-looking
statement made in this press release may not occur. All
information presented herein is as of the date of this release
unless otherwise noted.
Contact Information
Richard Murray,
IV
Chairman and Chief Executive OfficerNational Commerce
Corporation
(205)
313-8100
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