TORONTO, ONTARIO--(Marketwire - June 30, 2010) - C.A. Bancorp Inc. ("C.A. Bancorp" or the "Company") (TSX:BKP) today announced that it appointed Mr. Eitan Milgram to its board of directors (the "Board") at a Board meeting following the Company's annual general meeting on June 28, 2010. Mr. Milgram has taken the place of Richard Zarzeczny, who resigned at the Board meeting.
Mr. Milgram is an Executive Vice President of Weiss Asset Management LP ("Weiss"), which manages investment funds holding approximately 18.8% of the outstanding common shares of the Company. In addition to his position with Weiss where he has worked for 10 years, Mr. Milgram has advised numerous corporations on reorganizations and restructurings and has served on the board of directors of ten publicly traded companies including Indochina Capital Vietnam Holdings, The Ottoman Fund Limited, and Clean Energy Brazil PLC.
About C.A. Bancorp Inc.
C.A. Bancorp is a publicly traded Canadian merchant bank and alternative asset manager that provides investors with access to a range of private equity and other alternative asset class investment opportunities. C.A. Bancorp is focused on investments in small- and middle- capitalization public and private companies, with emphasis on the industrials, real estate, infrastructure and financial services sectors.
Forward Looking Statements
This release includes certain forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "should", "plans" or "continue" or the negative thereof or variations thereon or similar terminology. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will provide to be correct. These forward-looking statements are subject to a number of risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements.