FOR IMMEDIATE RELEASE
Thursday, March 18, 2010
MEDIA CONTACT
Daniel Moran, Jr.
O: 480.706-6880 x122
M: 617.304.0064
dmoran@prfectmedia.com
SONORAN BANK NAMES NEW BOARD MEMBER
Frank X. Coumides Brings Extensive Experience in Banking, Finance and Strong Understanding of the Arizona Market
PHOENIX, Arizona (March 18, 2010)-Sonoran Bank (www.sonoranbank.com), a Phoenix, Arizona-based community bank serving Arizona's business community, today announced Frank X. Coumides to its Board of Directors, effective immediately. Frank currently serves as Sonoran Bank's senior vice president of lending, and brings over 15 years of experience in banking and finance. As an emerging leader in the Arizona business and banking community, Frank also brings a strong cultural understanding of the local market.
"Selecting Frank as the newest member of our Board was a natural pick, because of his expertise in banking and finance and his understanding of the needs of local businesses," said Jim Vigars, president and CEO of Sonoran Bank. "As senior vice president of lending, Frank has established a proven track record for developing and executing strategic goals to meet Sonoran Bank's long-term growth objectives."
Frank brings more than 15 years of experience working in the financial services industry. His areas of expertise include structuring, negotiating and underwriting financing agreements. Prior to joining Sonoran Bank, Frank was a vice president at Wells Fargo, where he had a distinguished career in business banking and branch administration. He was instrumental in the design and implementation of Wells Fargo's strategy to penetrate Phoenix's growing Hispanic market.
Frank is an Arizona native and is fluent in Spanish. He received a Bachelor of Science degree in Business Administration from Arizona State University and is a 2004 graduate from the PacificCoastBanking School. He is an active member of the Arizona Mexico Commission, Arizona Hispanic Chamber of Commerce, the Governor's Latino Advisory Council, a Board Member of Exito, Inc. and serves on the Small Business Finance CDC Loan Committee.
"Frank is a strong leader in the Arizona community, and has brought great insight and experience as our senior vice president of lending," added Ricardo Torres, chairman of Sonoran Bank's Board of Directors and publisher of Latino Perspectives magazine. "I believe he will add a new dimension to our Board of Directors, as we work together to grow Sonoran Bank's influence and impact on the Phoenix community."
For more information about Sonoran Bank visit www.sonroanbank.com and for up-to-the-minute information follow us on Twitter at @SonoranBank.com. To speak with Frank X. Coumides contact Daniel Moran at dmoran@prfectmedia.com or by phone at 480.706.6880 x122.
ABOUT SONORAN BANK
Founded in 2006, Sonoran Bank is a true community bank that quickly became the premier banking institution for Hispanic and minority small-to-medium sized businesses in Arizona. Named the only Minority Depository Institution in Arizona, by the FDIC, Sonoran Bank provides sound banking options for consumers, for profit and nonprofit businesses in the Phoenix metro area. Sonoran was approved to bid on failing banks in Arizona, Nevada, New Mexico and Utah. Despite the collapse of the banking industry in 2008, Sonoran has continued to operate normally and provide qualified businesses and consumers with access to loans. As a community bank, Sonoran actively raises monies and awareness for local nonprofit organizations that include Valley del Sol and the Arizona Hispanic Chamber of Commerce. For more information about Sonoran Bank visit www.sonoranbank.com or follow us on Twitter @SonoranBank.
