Bancorp 34, Inc. and Bank 34 Announces Executive Changes
June 30, 2020 at 04:15 pm
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Bancorp 34, Inc. announced that James Crotty has initially been appointed Co-President and Chief Executive Officer of Bancorp 34 and Bank 34, effective July 20, 2020. Current President and Chief Executive Officer Jill Gutierrez will remain with Bancorp 34 and Bank 34 as Co-President and Chief Executive Officer for a short period of time to assist with transition matters. Mr. Crotty is a Director at Keefe, Bruyette & Woods, Inc. where he has spent the last 16 years of his career. He has advised community banks on a variety of strategic initiatives, with a primary focus on mergers and acquisitions, debt and equity capital raising (including mutual to stock conversions and initial public offerings), branch and asset purchases and divestitures as well as overall strategic planning initiatives. Mr. Crotty is a graduate of Miami University in Ohio where he majored in Management Information Systems with a minor in Finance. Mr. Crotty will work in Bank 34's Arizona regional headquarters in Scottsdale.
Bancorp 34, Inc. is the holding company for Bank 34 (the Bank). The Company conducts a full-service community banking business through the Bank. The Company offers a full range of relationship-focused services to meet its clientâs business and personal financial objectives, with branches in Arizona and New Mexico. Its product lines include commercial loans, commercial real estate loans, and a variety of commercial and consumer deposit products, including noninterest bearing accounts, interest-bearing demand products, savings accounts, money market accounts and certificates of deposit. It also offers online banking and bill payment services, online cash management, safe deposit box rentals, debit card and automated teller machine (ATM) card services and the availability of a network of ATMs for its customers. Its segments include Commercial loans, Commercial real estate loans, Multifamily, Construction and land development loans, Residential real estate loans, and Consumer loans.