Pelican Financial, Inc. Names Bank President
02 August 2004 - 5:23PM
PR Newswire (US)
Pelican Financial, Inc. Names Bank President ANN ARBOR, Mich., and
NAPLES, Fla., Aug. 2 /PRNewswire-FirstCall/ -- Pelican Financial,
Inc.'s (AMEX:PFI) Chairman and CEO, Charles C. Huffman, announced
today that Howard B. Montgomery, Jr. has been appointed to the
position of President of its Florida subsidiary, Pelican National
Bank. He replaces the bank's current President, Michael N. Clemens,
who is retiring on September 30, 2004. Pelican National Bank,
headquartered in Naples, Fla., is a full-service community bank
serving the consumer and commercial sectors from six branch offices
in Naples, Bonita Springs, Cape Coral, Fort Myers, Fort Myers
Beach, and San Carlos. Mr. Montgomery, 57, brings a wealth of
banking, finance and business experience to the post. Over the
course of more than two decades in the banking industry, he has
held senior-management positions at numerous financial
institutions. He is a former member of the Federal Reserve Bank's
5th District Operations Advisory Committee. He has significant
experience in the mortgage, real estate and investment- banking
areas. He has also served as a Supervisory Agent with the State of
Texas Department of Savings and Loans in Austin. Mr. Montgomery
holds a Master's degree from the University of Georgia and a BBA
degree from the University of Southern Mississippi. Safe Harbor.
This news release contains forward-looking statements made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Such statements are based on management's
current expectations and are subject to risks and uncertainties,
which could cause actual results to differ materially from those
described in the forward- looking statements. Among these risks are
regional and national economic conditions, competitive and
regulatory factors, legislative changes, mortgage- interest rates,
cost and availability of borrowed funds, our ability to sell
mortgages in the secondary market, and housing sales and values.
These risks and uncertainties are contained in the Corporation's
filings with the Securities and Exchange Commission, available via
EDGAR. The Company assumes no obligation to update forward-looking
statements to reflect occurrences or unanticipated events or
circumstances after the date of such forward-looking statements.
DATASOURCE: Pelican Financial, Inc. CONTACT: Howard Nathan of
Pelican Financial, Inc., +1-800-765-5562; or Mike Marcotte of
Marcotte Financial Relations, +1-248-656-3873, for Pelican
Financial, Inc.
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