Plaza Bank Completes Executive Management Team


Plaza Bank Completes Executive Management Team

SEATTLE--(BUSINESS WIRE)-- Plaza Bank (OTCBB:PZBW) has announced the completion of its executive management team, with the naming of a new Chief Executive Officer and Chief Credit Officer, Pacific Northwest veteran bankers with over 70 years combined commercial banking experience.

Michael V. (Mike) Paul is the new President and Chief Executive Officer. Paul is the founding CEO of The Commerce Bank of Oregon, and also served as President, Private Client Services for Umpqua Bank, Senior Lending Officer for Centennial Bank, following a 22 year career with Key Bank. Paul comes to Plaza Bank from Portland based ODS, responsible for its financial subsidiary Dental Commerce Corporation. Paul is the former Chair of the Oregon Bankers Association, American Lung Association of Oregon, City of Portland Business Advisory Council, and taught banking and commerce courses for the American Institute of Banking and Portland State University Professional Development Center. He is a graduate of St. Cloud State University and Pacific Coast Banking School.

Michael J. (Mike) Clabby is the new Executive Vice President and Chief Credit Officer. Clabby formerly served as Executive Vice President and Regional Chief Credit Officer for First Interstate Bank, and in several key credit administration roles in Washington and Arizona. Clabby is a graduate of Gonzaga University and Pacific Coast Banking School. He is a former national Board member of Robert Morris Associates and is Past President of Northwest Intermediate Banking School.

"We are pleased to announce the addition of Mike Clabby and Mike Paul to our management team. These are two seasoned professionals, who we believe will help guide us through the current banking environment and help us generate profitable growth," stated Plaza Bank Chairman George Armendariz.

Messrs. Paul and Clabby join Chief Financial Officer Gus Ayala and Senior Lending Officer Rosario Carroll, both of whom have been with Plaza Bank since its founding in 2006.

Plaza Bank is a state chartered commercial bank, headquartered in Seattle, Washington with a branch office in the suburb of Kent. The bank was founded in April 2006. Plaza Bank is a commercial bank with an emphasis on the Latino and small business markets. Plaza Bank trades over the counter Bulletin Board (OTCBB) under the ticker symbol PZBW.OB.

Plaza Bank
President and CEO
Mike Paul, 206-436-7621

KEYWORDS: United States North America Washington


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