Intervest Bancshares Corporation Announces Appointment of New Director
March 28 2012 - 3:00PM
Business Wire
Lowell Dansker, Chairman of the Board of Directors and Chief
Executive Officer of Intervest Bancshares Corporation (the
“Company”) (Nasdaq: IBCA), the parent corporation of Intervest
National Bank, today announced that Susan Roth Katzke has joined
the Board of Directors of the Company.
Mr. Dansker stated “Susan brings a wealth of experience, having
spent more than 20 years in financial services, including extensive
work with public and private companies across the industry. She has
extensive experience analyzing the strategic positioning and
financial strength of entities within the regional and
multinational banking, brokerage, advisory, private equity and
consumer finance industries. We are pleased that she will be
joining our Board of Directors.”
Ms. Katzke was elected to the Board of Directors by the U.S.
Department of the Treasury (“Treasury”) pursuant to its rights as
the holder of the Company’s Fixed Rate Cumulative Perpetual
Preferred Stock, Series A. While Treasury’s contractual rights do
not address service on the Board of Directors of Intervest National
Bank, the Company’s wholly-owned bank subsidiary, the Company has
commenced the process to have Ms. Katzke approved to also serve on
the Board of Directors of that bank.
Intervest Bancshares Corporation
Intervest Bancshares Corporation is a bank holding company. Its
principal operating subsidiary is Intervest National Bank, a
nationally chartered commercial bank that has its headquarters and
full-service banking office at One Rockefeller Plaza, in New York
City, and a total of six full-service banking offices in Clearwater
and Gulfport, Florida. Intervest Bancshares Corporation's Class A
Common Stock is listed on the NASDAQ Global Select Market: Trading
Symbol IBCA.
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