Press Releases
RICHARD GRINYER TO HAVE NEW ROLE AT PACIFIC COAST NATIONAL BANCORP
AND PACIFIC COAST NATIONAL BANK
SAN CLEMENTE, Calif., February 21, 2007 - Pacific Coast National Bancorp (the "Company") (OTC:PCST.OB) announced today that Mr. Richard William Grinyer ("Mr. Grinyer") will be changing his role at the Company and its wholly-owned subsidiary, Pacific Coast National Bank (the "Bank"). Mr. Grinyer has agreed to become Senior Vice President and Relationship Manager, working out of the Bank's Encinitas Office. In this new role, the Bank will be better able to utilize Mr. Grinyer's strengths in business development and customer relations. In order to focus on his new position, Mr. Grinyer has tendered his resignation from the Company's Board of Directors and from his positions as a member of the Board of Directors, Executive Vice President, and Chief Credit Officer for the Bank. Mr. Grinyer's will continue in his current positions at the Company and the Bank until the earlier of April 16, 2007, or the date on which the Bank hires a new Chief Credit Officer. In the event a replacement is not found by April 16, the Bank's Chief Executive Officer, Mr. Colin M. Forkner, will temporarily fill the role as the Bank's Chief Credit Officer.
Mr. Grinyer has played a leading role in the organization and development of the Bank. Previous to joining the Bank, Mr. Grinyer worked in a credit production role with several other banks' including Union Bank of California, El Dorado Bank, and California Bank & Trust. In forming the Bank, Mr. Grinyer filled an essential role for the bank as one of the original organizers and established the bank's Credit Administration Department. The Board of Directors of the Company and the Bank heartily endorses this new phase of Mr. Grinyer's relationship with the Bank and thanks him for his hard work in past positions at the Bank.
About Pacific Coast National Bancorp
Pacific Coast National Bancorp is a bank holding company headquartered in San Clemente, California. It operates through its wholly-owned subsidiary Pacific Coast National Bank, a national banking association with offices in San Clemente and Encinitas, California. Additional information is available at www.pacificcoastnationalbank.com.
