News Column

Robert C. Haydon Appointed to Chairman of the Board of Directors and James J. Kim Promoted to President and Chief Executive Officer

May 22, 2014



AUBURN, Calif.--(BUSINESS WIRE)-- Community 1st Bank (OTCBB: CFBN), announced that Robert C. Haydon has been appointed and will resume his service as Chairman of the Board of Directors of Community 1st Bank. “We are delighted to have Bob resume his role in leading our Board as Chairman,” stated Russell P. Baldo, outgoing Board Chairman who will continue his service as Vice-Chair of Community 1st Bank’s Board. “Bob is highly respected with a successful and tenured career in the banking industry. As the founding Chairman of our Board, Mr. Haydon’s intimate knowledge of Community 1st Bank combined with extensive experience banking the Greater Sacramento marketplace makes it ideal for him to return as Chairman of our Board.”

Mr. Haydon came out of retirement in 2011 to serve as Community 1st Bank’s President and CEO at the request of the Board of Directors. During Mr. Haydon’s tenure, the Bank experienced a complete turnaround from losses experienced during the recession to significant growth and profitability. Mr. Haydon commented, “I have achieved what I envisioned when I accepted the Board’s request to serve and lead the Bank during a very difficult time. Today, I am most satisfied to leave the day-to-day management knowing the Bank is thriving and poised for continued success. I look forward to continuing my service to Community 1st Bank as Chairman of the Board.”

Community 1st Bank simultaneously announced the promotion of James J. Kim to President and Chief Executive Officer. Mr. Kim has served Community 1st Bank as Executive Vice President, Chief Operating Officer and Chief Financial Officer since 2007. Mr. Haydon commented, “It is a pleasure to promote Mr. Kim to President and Chief Executive Officer. Having had the opportunity to work with James over the last several years, he has proven himself as an integral part of the leadership team and the success experienced at Community 1st Bank.”

Toni B. White, who has been Vice President and Controller, will be promoted to Senior Vice President and Interim Chief Financial Officer. Mr. Baldo commented, “It is such a pleasure to recognize the achievements of Mr. Haydon, Mr. Kim and Ms. White. The Board is grateful to have and recognize the talents of its employees. Community 1st Bank looks forward to continued growth and success with the redistribution of roles.”

Community 1st bank is headquartered in Auburn, California, with offices in Sacramento, Roseville and Auburn, California. Community 1st Bank offers a wide range of business and consumer deposit products including remote deposit capture, health savings accounts, online banking, mobile banking and cash management services. The Bank also offers a full complement of loan products, including commercial, consumer, and real estate loans. For more information about the Bank, visit the Bank’s website at www.community1bank.com.

Forward-Looking Statements

Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties.Actual results may differ materially from stated expectations.Specific factors include, but are not limited to, loan production, competitive pressure in the banking industry, balance sheet management, net interest margin variations, the ability to control costs and expenses, changes in the interest rate environment and financial policies of the United States government and general economic conditions. The Bank disclaims any obligation to update any such factors.




Community 1st Bank

James J. Kim, 530-863-4803

President & Chief Executive Officer

Robert C. Haydon, 530-863-4801

Chairman of the Board


Source: Community 1st Bank


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