Steve Fleming New CEO for River City Bank
September 9, 2008
SACRAMENTO, Calif. – RCB Corporation and its banking subsidiary, River City Bank,
are proud to report today the appointment of Stephen A. Fleming as the new President and CEO of both RCB Corporation and River City Bank.
Jon S. Kelly, Chairman of the Board of Directors of RCB Corporation and River City Bank announced the appointment by the respective Board of Directors of Stephen A. Fleming as President, CEO and Director of RCB Corporation and the Bank effective Sept. 8, 2008. Mr. Fleming succeeds Jeanne Reaves who will retain her director positions on the Bank and holding company boards. Ms. Reaves will continue her industry, community and civic activities on behalf of the Company.
“During Jeanne’s 18 years of employment at the Bank, including the past 10 years as President & CEO, Jeanne has done a terrific job of building the Bank’s assets, reputation, and branch network,” Mr. Kelly said. “Notwithstanding the challenging economic environment of the Central Valley, River City Bank’s balance sheet is extremely strong with exceptionally high levels of liquidity and equity capital, as well as sound asset quality. This is in large part due to Jeanne’s leadership, the team she has assembled, and the
Bank’s excellent customer base. We are very much looking forward to Jeanne’s ongoing contributions to the Bank, including her high profile in community activities and guidance as a member of the Board of Directors.”
“This is a very exciting time for me as I transition into my new role at RCB Corporation,” said Ms. Reaves. “I am thrilled with the appointment of Stephen Fleming to this position and look forward to continuing to support the growth and success of River City Bank.”
Mr. Fleming will be responsible for managing the daily activities of River City Bank, as well as collaborating with the Board of Directors to establish the strategic direction of the Bank. Mr. Fleming has a diverse banking background with more than 25 years of experience gained as a senior executive with Bank of America in the Sacramento area and London, England, as the CEO of National Bank of the Redwoods, a community bank based in Santa Rosa, and as the Co-Founder and CEO of Presidio Bank, a community bank based in San Francisco.
"River City Bank is very pleased to have Steve join our company. HIs diverse banking experience adds a dimension that matches the ever increasingly diverse business climate of the Central Valley, " states Mr. Kelly. "I have known Steve for more than 20 years and am excited about the leadership skills that he will bring to our team as we look to prudently accelerate our growth."
Mr. Fleming holds a degree in Economics from the University of California, Davis and a Master's in Business Administration in Finance, Accounting and Real Estate from the University of California, Berkeley. Mr. Fleming is married with three children and will be residing in the Sacramento region.