High Point Businessman Lends Expertise to Business-Only Bank
Greensboro, NC –February 18, 2008 – Premier Commercial Bank (proposed), the Triad’s only commercial bank focused exclusively on serving small-to-midsized businesses, today announced that Coy O. Williard, Jr., of High Point, been named to its organizing board of directors.
Mr. Williard is an established leader in the business community and President of four companies: Decorative Sales & Service Inc., Williard-Stewart Inc., Woodmasters of High Point Inc., and MarketPlace Management Inc. He also is past Chairman of the High Point Chamber of Commerce. Mr. Williard’s business dealings focus on real-estate development, property management and related services. He chaired the High Point Economic Development Corporation from 2002-2005.
“Coy Williard makes an outstanding addition to our board” said Frank Gavigan, proposed President and Chief Executive Officer of Premier Commercial Bank. “He extends our presence in High Point and helps to round out our board of established local professionals with his considerable experience in business development and management, his network in the greater High Point community, and his sound reputation as an active and generous public servant.”
An enthusiastic advocate of higher education and athletics, Williard is a member of High Point University’s Board of Trustees and Vice-Chairman of Guilford Technical Community College’s Board of Trustees. A gift to High Point University from Williard and his wife, Susan, was used to dedicate the Williard Stadium baseball complex in honor of Williard's late father, Coy O. Williard Sr.
“As the president of several businesses operating in the Triad, I am fully aware of the financial needs and constraints of small and mid-sized businesses in this region,” said Williard. “Individualized banking services by true financial experts are invaluable to business owners. The Triad needs a business-only bank of the caliber that Premier Commercial Bank promises to be.”
In November 2007, the North Carolina Banking Commission approved a conditional charter for Premier Commercial. Premier Commercial Bank (proposed) is currently undergoing its initial sale of stock with a goal of raising $17.6 million to $23.1 million. Over $15.4 million, or nearly 88%, of the offering has already been committed. An Offering Circular detailing the investment opportunity is available to prospective investors by request. Please contact the organizing office at 336-323-1115, or visit the website at www.pcbnc.com.
About Premier Commercial Bank (proposed)
The organizers of Premier Commercial Bank believe that it will be the first business bank headquartered in North Carolina’s Piedmont Triad focused exclusively on meeting the needs of small and medium-sized businesses. It is anticipated that the bank will offer an extensive line of commercial products and services to target customers in manufacturing, warehousing, transportation, real estate, medical, legal, financial and other fields. It is intended that personal banking services will also be available to commercial customers.
This release does not constitute an offer to sell, or the solicitation of an offer to buy, shares of stock of Premier Commercial Bank (proposed). Any offer or solicitation is made only by means of the proposed bank’s offering circular. There shall be no sale of stock in any state in which any offer, solicitation of an offer or sale would be unlawful. The proposed bank’s stock will not be insured by the FDIC or any governmental agency, is not bank guaranteed, and is subject to investment risk, including loss of principal.