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People’s Utah Bancorp Announces CFO Succession Plan & Year-End Earnings Release and Conference Call

AMERICAN FORK, Utah, Jan. 09, 2017 (GLOBE NEWSWIRE) -- People’s Utah Bancorp ("PUB") (Nasdaq:PUB) announced that Mark K. Olson has been hired as Chief Financial Officer of People’s Intermountain Bank, a wholly-owned subsidiary of PUB. Mark will be joining PUB on July 1, 2017 and will succeed Wolfgang (“Wolf”) T. N. Muelleck as PUB’s CFO at the end of 2017 upon Wolf’s retirement, which was previously announced. Wolf plans to work closely with Mark through the end of 2017 to ensure a smooth leadership transition and will continue to serve on the Board of Directors after his retirement.

"We are delighted to have someone of Mark’s caliber join our team," stated Richard T. Beard, PUB’s CEO. "We conducted an extensive search for this position and considered many highly-qualified candidates. We believe Mark is a perfect fit for us with broad national banking experience. He and his family also have deep local Utah roots.”

Mark brings to PUB more than 27 years of financial services experience, most recently as Chief Financial Officer of California Republic Bancorp, a public company that was recently sold to Mechanics Bank. Mark has extensive experience with public companies having served as Chief Financial Officer of several other publicly held banking organizations during his banking career, including Heritage Oaks Bancorp and Pacific Capital Bancorp. He also served as Finance Director for Goldman Sachs Bank, USA.

"I'm delighted to join PUB and have the opportunity to work with some of the best people in the banking business," stated Olson.

Earnings Release and Conference Call

PUB will report its year-end 2016 financial results after the market closes on January 25, 2017. A conference call for investors, analysts and the public is scheduled for 11:00 a.m. Eastern time on Thursday, January 26, 2017.

The conference call will be accessible by telephone and through the Internet. Interested individuals are invited to listen to the call by telephone at 888-317-6003 (international calls 412-317-6061) and the participant entry number is 9485709. Please dial in 10-15 minutes early so the name and company information can be collected prior to the start of the conference.

To participate on the webcast, log on to: http://services.choruscall.com/links/pub170126.html

If you are unable to participate during the live webcast, the call will be archived on our website, www.peoplesutah.com, or at the same URL above until February 27, 2017. Forward looking and other material information may be discussed on this conference call.

About People’s Utah Bancorp

People’s Utah Bancorp is the holding company for People’s Intermountain Bank with 18 locations in two banking divisions, Bank of American Fork and Lewiston State Bank and one leasing division, GrowthFunding Equipment Finance. The bank has been serving communities in Utah and southern Idaho for more than 100 years. PUB is committed to preserving the community bank model with a full range of bank products and technologies. More information about PUB is available at www.peoplesutah.com.


Investor Relations: Wolfgang T. N. Muelleck Executive Vice President/Chief Financial Officer 1 East Main Street American Fork UT 84003 investorrelations@peoplesutah.com Phone: 801-642-3998

Source:People's Utah Bancorp