Board of Directors Announcement of the Departure of CEO

By: Solera National Bancorp, Inc. via AccessWire

February 25, 2022 at 16:00 PM EST

LAKEWOOD, CO / ACCESSWIRE / February 25, 2022 / Solera National Bancorp, Inc. (the "Company") (OTC PINK:SLRK) and Solera National Bank (the ‘Bank'), a national bank and subsidiary of the Company announced the departure of their CEO, Scott Wilson. The Board of Directors will assume the responsibility of President and CEO. All changes are effective immediately.

Mike Quagliano, Executive Chairman of the Board, commented that he "wishes Scott well, he is a great credit person." He also commented that "Our entire Board has stepped up during this time of change. I am especially grateful to have Mr. Jordan Wright providing leadership and vision to our team, given his deep background in FinTech and the way he's stepped in to help. We hope to revolutionize the future of banking. Our Company has a strong team and each and every one of the team members are behind our Company's strong growth and profitability. I am very happy with what is happening here at the Bank and where we are at this point. We are building this Bank for the future".

Mr. Wright, Executive Vice Chairman of the Board, will continue his leadership role in the Company while also introducing expansion of the Company's FinTech initiatives. Mr. Wright stated "I have found my time at the Bank to be very rewarding and exciting. The future possibilities for the Bank as we bring forward "tech" in FinTech are limitless. The team is the key to making the future a reality and we see it happening in so many ways already".

Ms. Cheri Walz, Executive Vice President/Chief Financial Officer also commented, "Solera's unique business model poises us to transform from a traditional bank model to the bank of the future. By adopting and leveraging emerging technologies and new business models, technology will be the driver of our business growth and help us to deliver a wide range of services with outstanding customer experience. Solera is so fortunate to have so many fantastic Board members leading us into this changing banking landscape."

Investor Relations Contacts:

Cheri Walz
Executive Vice President, Chief Financial Officer
cwalz@solerabank.com

SOURCE: Solera National Bancorp, Inc.

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