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AltaPacific Bancorp Board Appoints Two New Directors

Stocks in this article: ABNK

AltaPacific Bancorp (OTCBB: ABNK), the parent company of AltaPacific Bank, today announced that its Board of Directors unanimously approved the appointment of Frank Basirico and Gary W. Deems as new members of the Board of Directors of AltaPacific Bancorp and AltaPacific Bank.

Frank Basirico (age 59) joined the company in 2009 and has been serving as Executive Vice President, Mergers & Acquisitions for AltaPacific Bancorp and President, Southern California Region for AltaPacific Bank. Frank has over 36 years of experience in the financial services industry where he served in various executive positions. He is a resident of Southern California and will continue to focus on business acquisitions and expansion projects throughout the entire state of California.

Gary Deems (age 67) previously served as President and Chief Executive Officer and director of Mission Oaks Bancorp and Mission Oaks National Bank, which merged with AltaPacific on May 2, 2014. Following the merger, Gary was retained by AltaPacific Bank and is now serving as Riverside County Market President. Gary has over 40 years of experience in the financial services industry, having previously served as a director and Chairman of the Board of multiple institutions. Gary is a graduate of Cornell University and has a Master’s Degree from the University of Oregon.

“Frank Basirico has been a tremendous addition to our organization,” stated Tim Jorstad, Chairman of the Board of AltaPacific Bancorp. “His professional experience will continue to assist our company reach its strategic growth objectives.” Regarding the appointment of Gary Deems to the board, Chairman Jorstad stated, “Gary will further enhance our strength in the Southern California Region. Having previously served as a director and Chairman of the Board as well as President and Chief Executive Officer of other financial institutions certainly enhances the experience level and expertise of our Board and Executive Management Team.”

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