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Frank Lomeli Joins Solera National Bank’s Commercial Lending Team

Solera National Bancorp, Inc. (OTCBB: SLRK), the holding company for Solera National Bank, today announced that Frank E. Lomeli has joined Solera National Bank as a commercial lender.

Frank Lomeli is a 25-year veteran of commercial banking and SBA lending. He has held several senior management positions with community commercial banks, most recently with County Commerce Bank in Oxnard, California. Lomeli recently returned home to Colorado to continue his career in commercial lending with Solera National Bank, where he will focus on expanding their SBA lending program.

“Frank brings an impressive level of SBA and banking knowledge to Solera, and we welcome him to our team,” said Doug Crichfield, President and Chief Executive Officer. “His deep-rooted history in SBA lending and in commercial lending, together with his track record of building a strong sales team, will be a significant contributor to our overall success. The SBA program provides a significant benefit to businesses, and has been a key supported government program in returning our economy to a healthy state.”

The U.S. Small Business Administration was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interest of small business concerns, and to maintain and strengthen the overall economy. Loans originated under the SBA program are eligible for government guarantees up to 90% of the principal balance.

About Solera National Bancorp, Inc.

Solera National Bancorp, Inc. was incorporated in 2006 to organize and serve as the holding Company for Solera National Bank which opened for business on September 10, 2007. Solera National Bank is a traditional, community, commercial bank with a specialized focus serving the Hispanic market. Solera National Bank offers a full spectrum of commercial loans. It prides itself in delivering personalized customer service — welcoming, inclusive and respectful — combined with leading-edge banking capabilities. The Bank is also actively involved in the community in which it serves. For more information, visit

Copyright Business Wire 2010

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