Peter J. Raffetto Appointed to Community 1st Bank Board of Directors

Peter J. Raffetto Appointed to Community 1stBank Board of Directors

AUBURN, Calif.--(BUSINESS WIRE)-- Community 1st Bank (OTCBB: CFBN), announced that Peter J. Raffetto has been appointed to the Board of Directors of Community 1st Bank. "We are delighted to have Peter join our Board of Directors," stated Russell P. Baldo, Board Chairman. "Peter is highly respected with a successful and tenured career in the banking industry. He will be a valuable addition to the Board."

Mr. Raffetto is retired from a banking career of over three decades in the greater Sacramento region, serving most of those years as President and CEO. Mr. Raffetto's leadership in the community banks that he served was noted for significant organic growth, efficiency and profitability.

Mr. Raffetto has been active in many charitable and civic organizations. Mr. Raffetto has served as a Director of California Independent Bankers and the California Bankers Association. He also served on the Board of Trustees of the University of California, Berkeley Foundation, Chair of the University of California, Berkeley Chancellor's Committee for the Northern California Region, Advisory Board Member of the Haas School of Business at University of California, Berkeley, Chair of the Board of Trustees of Jesuit High School, President of the Sutter Club, President of SACTO and director of the Del Paso Country Club.

Mr. Raffetto obtained a Bachelor of Science Degree in Business Administration with an emphasis in Finance from the University of California, Berkeley.

Community 1st Bank is headquartered in Auburn, California, with branches in Roseville and Auburn, California. Community 1st Bank offers a wide range of business and consumer deposit products including remote deposit capture, health savings accounts, online banking, and cash management services. The Bank also offers a full complement of loan products, including commercial, consumer, and real estate loans. For more information about the Bank, visit the Bank's website at

Forward-Looking Statements

Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties.Actual results may differ materially from stated expectations.Specific factors include, but are not limited to, loan production, competitive pressure in the banking industry, balance sheet management, net interest margin variations, the ability to control costs and expenses, changes in the interest rate environment and financial policies of the United States government and general economic conditions.The Bank disclaims any obligation to update any such factors.

Community 1st Bank
Robert C. Haydon, 530-863-4801
Fax: 530-863-4849
President & Chief Executive Officer
James J. Kim, 530-863-4803
Fax: 530-863-4849
Executive Vice President & Chief Financial Officer

KEYWORDS:   United States  North America  California


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