Contact Information: Contacts: Tom McGraw Chief Executive Officer (650) 875-4864 Dave Curtis Chief Financial Officer (650) 875-4862 Website: www.fnbnorcal.com
Neil J. Vannucci Resigns as Director of FNB Bancorp
| Source: FNB Bancorp
SOUTH SAN FRANCISCO, CA--(Marketwire - July 31, 2007) - Michael R. Wyman, Chairman of FNB
Bancorp (OTCBB : FNBG ) and its subsidiary, First National Bank of Northern
California, announced today that Director Neil J. Vannucci has submitted
his resignation from the Board of Directors (including subcommittees of the
Board of Directors) of FNB Bancorp and First National Bank of Northern
California, effective August 24, 2007.
In his letter to the Board, Mr. Vannucci stated, "I have been privileged to
serve as a director of this wonderful Bank for almost twenty years and I am
very grateful for that opportunity. I'm confident that the board and
management will continue the tradition of providing a great working
environment for our employees, offering outstanding service to our valued
customers and rewarding the investment of our shareholders. It's simply
time for me to enjoy full-time retirement."
"Neil has been an outstanding director over the past nineteen years. His
guidance, independence and numerous contributions have played a very
important role in the Bank's success," said Wyman. Lawrence Vannucci, Mr.
Vannucci's uncle, was one of the six original founders of the Bank in 1963.
Wyman added, "While we understand Neil's desire to enjoy retirement, his
leadership and active participation as a board member will be missed. For
all his efforts on behalf of the Bank, we wish Neil and his family the
best."
Cautionary Statement: This release contains certain forward-looking
statements that are subject to risks and uncertainties that could cause
actual results to differ materially from those stated herein. Management's
assumptions and projections are based on their anticipation of future
events and actual performance may differ materially from those projected.
Risks and uncertainties which could impact future financial performance
include, among others, (a) competitive pressures in the banking industry;
(b) changes in the interest rate environment; (c) general economic
conditions, either nationally or regionally or locally, including
fluctuations in real estate values; (d) changes in the regulatory
environment; (e) changes in business conditions or the securities markets
and inflation; (f) possible shortages of gas and electricity at utility
companies operating in the State of California, and (g) the effects of
terrorism, including the events of September 11, 2001, and thereafter, and
the conduct of war on terrorism by the United States and its allies.
Therefore, the information set forth herein, together with other
information contained in the periodic reports filed by FNB Bancorp with the
Securities and Exchange Commission, should be carefully considered when
evaluating its business prospects. FNB Bancorp undertakes no obligation to
update any forward-looking statements contained in this release.