AABD Press Release - October, 2007 - AABD Names Charles J. Thayer as Chairman

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American Association of Bank Directors Names Charles J. Thayer as Chairman

October 2, 2007;Bethesda, Maryland

The American Association of Bank Directors ("AABD") announced today that it has named Charles J. Thayer to the position of Chairman of AABD and its Board of Advisors. He previously served as a member of AABD's Board of Advisors.

Thayer is Chairman and Managing Director of Chartwell Capital Ltd., Fort Lauderdale, Florida, a private investment firm that also provides specialized advisory services to the board of directors and executive management of banks, corporations and institutional investors.

He served as a director of Republic Bancorp, a $2.5 billion NASDAQ listed bank holding company until Republic was acquired by BB&T Corp in 2004 and, following the acquisition, he served on the board of BB&T Bank (Florida) until July 2006. He has been a member of the board of the Louisville Community Development Bank in Kentucky since 1996. Thayer also served for 12 years as an advisory board member of Keefe Managers, a New York based bank stock investment company founded by Harry V. Keefe.

Thayer is a member of the Board of Trustees of the Cystic Fibrosis Foundation, serving as its Vice Chairman. He previously served as a director of Cogen America, a NASDAQ listed company, and Sunbeam Corporation, an NYSE listed company, where he also served as Chairman and interim CEO. Thayer's board experience includes serving as chairman of audit, compensation, investment, finance and planning committees of bank and non-banking organizations.

From 1977-1986, Mr. Thayer was Executive Vice President and CFO of Citizens Fidelity Corporation, Louisville, Kentucky, and from 1987-1989, was Executive Vice President of PNC Financial Corporation.

"Charles Thayer brings AABD a wealth of practical experience and expertise in the governance of NASDAQ and NYSE-listed companies as well as community bank organizations," said Keith Dalrymple, AABD's President. "He will provide AABD members with an invaluable mix of governance, management, financial, and investment insight."

Founded in 1989, the non-profit American Association of Bank Directors is the only trade group in the United States solely devoted to bank directors and their information, education, and advocacy needs. The Institute for Bank Director Education was established in 1993 as the educational arm of AABD. Its purpose is to act as a clearinghouse for education programs designed for bank and savings institution directors that support the nationally recognized Director Education Certification Program.