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Golden Pacific Bank Announces John Barr as New Chief Credit Officer

SACRAMENTO, Calif., Feb. 18, 2016 (GLOBE NEWSWIRE) -- Golden Pacific Bancorp and Golden Pacific Bank are pleased to announce that Mr. John Barr will be joining the executive management team as EVP/Chief Credit Officer. Mr. Barr brings over 30 years of banking experience, with extensive expertise in portfolio management, asset quality, commercial real estate lending, and financing to small and mid-sized businesses. Mr. Barr comes from Community Bank of the Bay in Oakland, California, a locally owned and operated relationship-oriented community business bank that is also a SBA Preferred Lender. “John has impressive credit skills. He’s widely respected by peers and customers,” stated President and CEO Virginia Varela. “We’re excited to be working with John and we only anticipate continued successes under his leadership.”



A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/dae4ec79-b292-4142-ab61-b87d5dd9a141

Mr. Barr successfully held positions at various financial services organizations throughout his career including Chief Credit Officer of Valley Community Bank in Pleasanton, California, and Chief Credit Officer of Opportunity Bank in Dallas, Texas. Mr. Barr was managing director of his own company, a national consulting firm specializing in assisting banks to improve asset quality. Mr. Barr has also served as an expert witness and is a Receiver for the California Superior Courts. Mr. Barr holds a MBA in Finance from Golden Gate University in San Francisco, a BA from University of San Francisco and a CCIM.

“I am excited to join Golden Pacific Bank,” said Mr. Barr. “I look forward to advancing our team and serving the Bank’s growing customer base. Downtown Sacramento and the surrounding areas are in a growth mode and we intend to provide excellent customer service to the emerging market.”

Golden Pacific Bank is an award-winning small, innovative community bank headquartered in downtown Sacramento, with branches in Sacramento, Yuba City and Live Oak. Golden Pacific Bank ranks as the top SBA Preferred Community Bank Lender its District, providing flexible financing and cash management services to small and mid-sized businesses.

Virginia Varela CEO Golden Pacific Bank 916-414-0680

Source:Golden Pacific Bancorp