This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Lindsay Sandham Joins Solera National Bank As Senior Vice President And Chief Credit Officer

Stocks in this article: SLRK

Solera National Bancorp, Inc. (OTCQB: SLRK), the holding company for Solera National Bank, today announced that Lindsay Sandham has joined its executive management team as Senior Vice President and Chief Credit Officer. Sandham will be replacing Larry Heesch who will be retiring at the end of the month.

“As we wish Larry a long and happy retirement, we are excited to welcome Lindsay to our executive team,” said Douglas Crichfield, President and Chief Executive Officer. “Lindsay’s valuable perspective on credit analysis and risk management developed over the course of 22 years in the banking industry makes him a strong fit for Solera National Bank.”

Among his many credentials, Mr. Sandham is past President of the local chapter of the Risk Management Association, a widely recognized and long-time national professional trade organization for bank credit officers. A veteran of the banking industry, he has extensive experience across a broad range of risk management and lending activities with some very notable financial institutions including Canadian Imperial Bank of Commerce and Royal Bank of Canada. In his most recent position as Senior Vice President and Chief Credit Officer of Native American Bank, Sandham created and administered the bank’s loan policies and procedures while overseeing the bank’s credit risk and exposure. Prior to joining Native American, Mr. Sandham was Chief Credit Officer at Federal Trust Bank, and held senior level positions at Seacoast National Bank and SunTrust Bank.

“Throughout my career, I have worked at a wide variety of banks and I understand the importance of establishing internal loan controls and managing a bank’s loan portfolio,” said Mr. Sandham. “I see that commitment to risk management and solid asset quality at Solera National Bank, and I’m excited to be joining such an innovative company and seasoned leadership team.”

Solera’s total assets were $154.7 million at September 30, 2012. Solera recently reported net income of $168,000, or $0.07 per share, in the first nine months of 2012, compared to $76,000, or $0.03 per share in the like period a year ago. In the second quarter of 2012, Solera National Bank was recognized as the “Diversity Corporation of the Year” by ColoradoBiz magazine, for their focus and service to the diverse business community in Denver.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs