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RMG Capital Corporation: Tom Meyer Named Chairman and CEO of Fullerton Community Bank

^{Published on 2009-07-10 14:19:58, Last Modified on 2009-07-10 14:20:05 - Market Wire}
 

FULLERTON, CA--(Marketwire - July 10, 2009) - Tom Meyer was recently named Chairman of RMG Capital Corporation (OTCBB: [ RMGC ]), the parent company of Fullerton Community Bank, located in Orange County, California. He was also elected Chairman and Chief Executive Officer of Fullerton Community Bank.

Meyer has been in the finance and banking industry for 33 years, and joined Fullerton Community Bank in 1995 as Chief Financial Officer. He was President and Chief Operating Officer of the Bank prior to this recent appointment. Prior to joining Fullerton Community Bank, he held senior management positions at several major banks, including Bank of California and Bank of America.

Meyer succeeds the late Carl W. Gregory who served as Chairman of RMG Capital and Fullerton Community Bank since 1992.

Dr. Stewert Shanfield, Board Member, commented, "We are fortunate that Tom has been able to step into these critical positions and continue the mission of the Bank. His financial background and community involvements are great assets that will provide the leadership we need in the future."

Meyer holds a Bachelor of Science degree from the University of Illinois and an MBA degree from the University of Chicago. He served as the 2007 President of the Fullerton Rotary Club, and has served on the boards of the Boys and Girls Clubs of Fullerton, the YMCA, and several other community organizations.

RMG Capital Corporation (OTCBB: [ RMGC ]) is the holding company for Fullerton Community Bank. The Bank is a community focused full-service bank headquartered in Fullerton, California with assets of $762 million as of March 31, 2009. The Bank has been serving southern California since 1927 and currently has eight retail branches, two regional business banking offices, and an SBA division operating in southern California.