Doug Crichfield Appointed To The Business Consortium Fund Board Of Directors

Solera National Bancorp, Inc. (OTCBB:SLRK), the holding company for Solera National Bank, announced today that Douglas Crichfield has been appointed to the Board of Directors of the Business Consortium Fund, Inc. The Business Consortium Fund (BCF), which is headquartered in New York, was formed by the National Minority Suppliers Development Council as a funding resource for minority designated businesses. Crichfield is President and Chief Executive Officer of Solera National Bank and its holding company.

“We are extremely fortunate to have Doug join our national Board of Directors. His individual expertise and demonstrated leadership will bring unique perspectives on issues that will be of great value to the BCF,” said Serafin Marel, Interim President, Business Consortium Fund, Inc. “Solera National Bank is a certified bank lender of the BCF and, as their President and CEO, Doug will bring significant banking and marketing expertise to the board; two areas that are always a priority.”

With over 25 years of diverse senior management experience in community banking, Crichfield is a proven financial and business executive. Prior to joining Solera National Bank in 2008, Crichfield consulted in business finance for entrepreneurs for nine years through his own company, The Crichfield Group, based in Vail, CO. Crichfield’s former executive positions include time spent as President, CEO and Trustee of CFX Bank, a $2 billion bank headquartered in Keene, NH; President, CEO and Director of Community Bankshares, Inc., a $615 million asset strong bank in Concord, NH; Vice President, Corporate Finance at Bank of New England; and Senior Vice President, Treasurer at Hancock Bank and Trust Company, in Quincy, MA.

“I am honored to be appointed to the board of the BCF. Solera National Bank is proud to be a certified lender for the BCF. It is our mission and passion to reach out to the Hispanic and minority-owned businesses and make a meaningful economic impact to their lives,” said Crichfield. “Our strong desire to give back to our communities is demonstrated by the dedication of our staff to the local Rocky Mountain chapter of the Minority Suppliers Development Council (RMMSDC). In fact, Stan Sena, Solera’s Vice Chairman, serves as the Executive Director of The RMMSDC and Ruby Ebell, Assistant Vice President and Solera’s Project Manager, is also very involved with the local chapter.”