FIRST COMMERCE BANK APPOINTS DONALD MINDIAK CEO GREGORY GARCIA AS CHIEF EXECUTIVE OFFICER

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LAKEWOOD, NJ, March 16, 2022 /PRNewswire/ — First Commerce Bank (OTC “CMRB”) announced today that Mr. Donald Mindiak has been appointed Chief Executive Officer of the Bank. Mr. Mindiak, who joined the Bank in 2019, served as President and Chief Operating Officer of the Bank, and will remain President, in addition to serving as Chief Executive Officer.

Mr. Benoit RomeoChairman of the Board, said, “Through his past service with the Bank, the Board of Directors was confident that Donald was the right person to lead the Bank through its next stage of growth and development.

The Bank also announced the appointment of Mr. Gregory Garcia as Chief Operating Officer. Mr. Garcia, who joined the Bank in 2021, held the position of Chief Risk Officer. Mr. Garcia previously served as Chief Operating Officer for William Penn Bank in Bristol, Pennsylvania. The Bank intends to undertake a search to identify a new Chief Risk Officer.

Mr. Ira Hobermanwho served as Chief Executive Officer, retired from the Bank and a member of the Bank’s Board of Directors.

First Commerce Bank is a New Jersey chartered commercial bank based in Lakewood, New Jersey with ten banking offices in Bergen, Burlington, Essex, Mercier, monmouth and Ocean Counties, New Jersey. To December 31, 2021the Bank had total assets of $1.13 billiontotal loans, net of $909.3 milliontotal deposits of $941.9 million and the total equity of $172.3 million.

SOURCE First Commercial Bank

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