Inactive Instrument

BANK OF COMM

Equities

BOCH

US06424J1034

Bank of Commerce Holdings and Merchants Bank of Commerce Appoints Diane D. Miller as New Director, Effective March 16, 2021

March 06, 2021 at 02:31 am IST

Bank of Commerce Holdings and Merchants Bank of Commerce have announced that on March 4, 2021 the Board of Directors of the Company elected Diane D. Miller as a new director of the Company and the Bank, effective March 16, 2021, and continuing until the 2021 Annual Meeting of Shareholders, at which time it is anticipated that she will be nominated for re-election by the shareholders. Ms. Miller was also appointed to the Long-Range Planning Committee of the company. Ms. Miller has been President and Chief Executive Officer of Wilcox Miller & Nelson, a human capital management and governance consulting firm, since 2000. In connection with the election of Ms. Miller as a director of the Company, the Board increased the number of directors comprising the Board from 10 to 11 directors, effective March 16, 2021.

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Company Profile

Bank of Commerce Holdings (Holding Company) is a bank holding company. The Company's principal business is to serve as a holding company for Redding Bank of Commerce (Bank), which operates under two separate names (Redding Bank of Commerce and Sacramento Bank of Commerce). The Bank operates over four full service facilities in two diverse markets in Northern California. The Bank provides a range of financial services and products for business and retail customers. Its principal products include various types of accounts, such as checking, interest-bearing checking, savings, certificate of deposit and money market deposit. It also offers sweep arrangements, commercial loans, construction loans, term loans, safe deposit boxes and electronic banking services. The primary focus of the Bank is to provide banking and related services to small and mid-sized businesses and not-for-profit organizations, as well as banking services for consumers, primarily business owners and their employees.

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