Solera National Bancorp, Inc. Terminates the Employment of Robert J. Fenton as Executive Vice President and Chief Financial Officer
March 25, 2014 at 06:17 am EDT
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On March 21, 2014, Solera National Bancorp, Inc. terminated the employment of Robert J. Fenton as Executive Vice President and Chief Financial Officer of the company in accordance with paragraph 22c of Mr. Fenton's employment agreement which was reported on Form 8-K filed on September 14, 2010. The company intends to enter into a separation agreement with Mr. Fenton and will amend this Current Report on Form 8-K to provide the required information when available.
Solera National Bancorp, Inc. is the holding company for Solera National Bank (Bank). The Bank is a business-focused bank located in the Denver metropolitan area. The Bank serves the needs of emerging businesses and real estate investors. The Bank offers a range of commercial and consumer banking services. The Bank aggregates loans into five portfolio segments: commercial real estate, residential real estate, commercial and industrial, construction and land development, and consumer. The Bank's personal banking services include checking accounts, savings accounts, certificates of deposits (CDs), other products and services, certificate of deposit account registry service (CDARS) and others. The Bank's business banking services include checking accounts, savings accounts, business loans, CDs, remote deposit, CDARS, telephone banking, loans, treasury management and additional business services.