Dennis J. McDonnell Submits Resignation From Centrue Financial Corporation Board of Directors, Citing Health Concerns
13 Novembre 2015 - 2:00PM
Centrue Financial Corporation (NASDAQ:CFCB) announced today that
Dennis J. McDonnell has submitted his resignation from its Board of
Directors and as a member of the Board’s Executive, Compensation,
and Corporate Governance and Nominating Committees, each effective
immediately on November 12, 2015, citing health concerns. Mr.
McDonnell, 72, has served on the Company’s board since 2000 and
served as Chairman of the Board from 2002 until his resignation.
Mr. McDonnell has also resigned from the Board of Directors of
Centrue Bank, a wholly owned subsidiary of Centrue Financial
Corporation.
Commenting on the announcement, Mr. McDonnell
stated that, “Health considerations led to my decision. 2015 has
been a transformational year for Centrue with many milestones. We
completed a successful recapitalization of the Company, listed our
stock on the NASDAQ and built a strong foundation for our future.
As a result of these many significant accomplishments, I can think
of no better time to transition to new leadership.”
“I can’t say enough to thank Dennis for his many
years of service to this organization,” remarked the Company’s
President & CEO, Kurt R. Stevenson. “Dennis should be extremely
proud of what he helped build and I hope he realizes the sincere
gratitude our Board and management team has for all of his
contributions in getting us to where we are today.”
Centrue also announced that Dennis O. Battles,
who has been a director of Centrue Financial Corporation and
Centrue Bank since 2012, has been elected as Chairman of the Board
of Directors of each of Centrue Financial Corporation and Centrue
Bank to replace Mr. McDonnell.
About the Company
Centrue Financial Corporation is a regional
financial services company headquartered in Ottawa, Illinois and
devotes special attention to personal service. The Company serves a
market area which extends from the far western and southern suburbs
of the Chicago metropolitan area across Central Illinois down to
the metropolitan St. Louis area.
Further information about the Company is
available at its website at http://www.centrue.com.
Forward-Looking Statements
This release contains certain “forward-looking
statements.” Forward-looking statements, which are based on certain
assumptions and describe future plans, strategies, and expectations
of the Company, are generally identified by the use of words such
as "believe," "expect," "intend," "anticipate," "estimate," or
"project" or similar expressions. The Company’s ability to predict
results, or the actual effect of future plans or strategies, is
inherently uncertain. Factors which could have a material adverse
effect on the operations and future prospects of the Company and
the subsidiaries include, but are not limited to, changes in:
interest rates; general economic conditions; legislative/regulatory
changes; monetary and fiscal policies of the U.S. government,
including policies of the U.S. Treasury and the Federal Reserve
Board; the quality and composition of the loan or securities
portfolios; demand for loan products; deposit flows; competition;
demand for financial services in the Company’s market areas; the
Company’s implementation of new technologies; the Company’s ability
to develop and maintain secure and reliable electronic systems; and
accounting principles, policies, and guidelines. These risks and
uncertainties should be considered in evaluating forward-looking
statements and undue reliance should not be placed on such
statements.
Contact:
Daniel R. Kadolph
Chief Financial Officer
Centrue Financial Corporation
daniel.kadolph@centrue.com
(815) 431-2838
Centrue Financial Corp. (NASDAQ:CFCB)
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