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Article: Vineyard National Bancorp Shareholders Update.
- Article from:
- PR Newswire
- Article date:
- August 4, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Aug. 4 /PRNewswire/ -- Jon Salmanson and Norman Morales, longtime shareholders of Vineyard National Bancorp ("Vineyard" or the "Company") , announced today that due to the inability to gain approval from the holding company regulators for Mr. Morales to serve as the Company's President and Chief Executive Officer and as a director, Mr. Morales has withdrawn his application and will not serve as a director of the Company if elected. Following his withdraw, Thomas Koss II has also decided that he will not serve as a director if elected. However, Messrs. Salmanson and Morales will support the election of the previously nominated slate of five directors. The ...