Company Rounds Out Senior Management Team for Push to Attain Multi-Billion
Dollar Asset Level
LEAWOOD, Kan., July 7 /PRNewswire/ -- Gold Banc (Nasdaq: GLDB) announced
today that J. Craig Peterson has been named Executive Vice President and Chief
Financial Officer. Peterson previously served as Executive Vice President,
Chief Administrative & Financial Officer of Unitog Company, a leading provider
of uniform rental services and apparel manufacturer headquartered in Kansas
City, Mo.
In addition, Keith E. Bouchey, previously Executive Vice President and
Chief Financial Officer for Gold Banc, was promoted to Executive Vice
President - Mergers and Acquisitions. Bouchey will focus primarily on
identifying further accretive acquisition opportunities and continue to serve
as a Director of the Company's eight-member Board.
"Craig Peterson has a reputation as a highly qualified, hands-on financial
strategist and we are pleased to welcome him to the Gold Banc family," said
Gold Banc Chairman & CEO Michael W. Gullion.
"In his previous capacity with our Kansas City neighbor, Unitog, Craig
played a key role in distinguishing that company from its peers by helping to
identify opportunities to enhance financial performance and shareholder value
while maintaining a prudent fiscal structure. We are confident that he will
quickly become a driving force in Gold Banc's growth into a multi-billion
dollar asset institution and high-performance financial services organization.
"Now, as we seek to attain further growth milestones, Keith Bouchey's
efforts will be directed toward evaluating and executing additional accretive
acquisitions from among the pool of more than 3,000 banks in our surrounding
ten-state target region. Merger and acquisition work has always been Keith's
forte, and we are excited that he will have the opportunity to more fully
devote his attention to leveraging his extensive network of contacts in
banking and financial services on behalf of Gold Banc and our shareholders."
J. Craig Peterson, 46, most recently served as Executive Vice President,
Chief Administrative & Financial Officer of Unitog Company, a leading provider
of uniform rental services and apparel manufacturer with 60 locations in 25
states. Peterson managed a wide range of functions including finance and
accounting, risk management, information technology, human resources, and
internal audit during an eight-year period in which Unitog's revenues grew
from $130 million to nearly $300 million.
Peterson developed Unitog's acquisition financing program, as well as its
SEC compliance, banking relations, private debt placement, financial and
strategic planning, and public investor relations capabilities. During his
tenure, Unitog averaged five completed acquisitions per year, and raised a
total of $160 million through public offerings, private debt placements,
industrial revenue bonds and bank financing. Based in Kansas City, Mo. and
founded in 1932, Unitog Company was sold to Cintas Corporation in March 1999.
Prior to joining Unitog in 1991, Peterson was a partner with the Kansas
City office of KPMG Peat Marwick, which he joined in 1974. At KPMG, he was
partner-in-charge of recruiting and personnel administration in addition to
client responsibilities in the firm's SEC and commercial practice, including
mergers and acquisitions, strategic planning, information technology, IPOs,
LBOs, and SEC reporting compliance.
Peterson received his B.A. degree in Business Administration with
concentrations in accounting and economics from the University of Nebraska at
Lincoln. He holds a Certified Public Accountant designation in Missouri and
Nebraska. A Kansas City native since 1974, Craig Peterson resides in Leawood,
Kan. with his wife and three children.
Gold Banc is one of the country's fastest growing community bank and
financial services holding companies with $1.15 billion in total assets as of
March 31, 1999.
Safe Harbor Statement
This news release contains comments or information that constitute
forward-looking statements (within the meaning of the Private Securities
Litigation Reform Act of 1995), which involve significant risks and
uncertainties. Actual results may differ materially from the results
discussed in the forward-looking statements. Factors that might cause such a
difference include, but are not limited to: (1) expected cost savings from
acquisitions cannot be fully realized or realized within the expected time
frame; (2) revenues following the merger are lower than expected; (3)
competitive pressures among depository institutions increase significantly;
(4) costs or difficulties related to the integration of the business of the
organizations are greater than expected; (5) changes in the interest rate
environment reduce interest margins; (6) general economic conditions, either
nationally or in states in which the combined company will be doing business,
are less favorable than expected; and (7) legislation or regulatory changes
adversely affect the businesses in which the combined company would be
engaged.
Visit Gold Banc at: http://www.goldbanc.com
SOURCE Gold Banc Corporation, Inc.
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Related links:
http://www.goldbanc.com
CONTACT:
Michael W. Gullion, Chairman & Chief
Executive Officer, or Brian J. Ruisinger, Investor Relations,
email, brianr@goldbanc.com, both of Gold Banc, 913-451-8050; or
General Information, Mike Arneth, 312-640-6734, or email,
mga@chi.frbd.com, Analysts-Investors, Paul Scheeler,
312-640-6742, or email, pas@chi.frbd.com, or Media Inquiries,
Joyce Hanson, 312-640-6756, or email, jph@chi.frbd.com, all of
The Financial Relations Board
NOTE TO EDITORS: For more information on Gold Banc toll-free via
fax, simply dial 1-800-PRO-INFO, follow the voice menu prompts
and enter the company code "GLDB" on any touch tone phone, or
visit the Gold Banc page on FRB's web site at: http://www.frbinc.com
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