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PremierWest Bancorp Names New Member to Board of Directors

Thu. September 10, 2009; Posted: 09:31 AM
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MEDFORD, Ore., Sep 10, 2009 (GlobeNewswire via COMTEX) -- PRWT | Quote | Chart | News | PowerRating -- PremierWest Bancorp (Nasdaq:PRWT) and PremierWest Bank named Georges St. Laurent to its Board of Directors. Mr. St. Laurent is a seasoned business executive with diverse investments in financial services, real estate and agricultural operations. He has hands-on banking experience having served as Chairman & CEO and controlling shareholder of Western Bank, Oregon's largest independent public bank during the 1990s prior to its acquisition by Washington Mutual.

Mr. St. Laurent's diverse business interests have spanned a wide variety of industries from serving as a founding Director for Celera -- the company that sequenced the human genome -- to the CEO of GS Containers -- the manufacturer of Sterno Canned Heat prior to its sale to Colgate Palmolive. Mr. St. Laurent is a graduate of Yale University and holds an MBA degree from Harvard.

In announcing Mr. St. Laurent's appointment, John A. Duke, Chairman of PremierWest Bancorp, stated, "We are fortunate to add an individual with Mr. St. Laurent's extensive background and experience to our Board of Directors. He brings a wealth of knowledge and experience that complements the substantial core of wisdom that currently resides in our Board." James M. Ford, President & CEO of PremierWest, added, "I look forward to having Georges' counsel on financial matters facing the financial service industry today. He has been very successful and will serve our shareholders well in his capacity as a Director."

ABOUT PREMIERWEST BANCORP

PremierWest Bancorp is a financial services holding company headquartered in Medford, Oregon. We operate primarily through our subsidiary PremierWest Bank. PremierWest offers a full array of financial products and services through a network of full service banking offices serving a territory which currently includes high growth markets in Southern & Central Oregon and Northern California. Additionally, PremierWest offers expanded banking related services through two subsidiaries, Premier Finance Company and PremierWest Investment Services, Inc.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: PremierWest Bancorp

CONTACT:  PremierWest Bank
John Anhorn, Chairman of the Board
(541) 618-6020
John.Anhorn@PremierWestBank.com
Jim Ford, President & Chief Executive Officer
(541) 618-6020
Jim.Ford@PremierWestBank.com
Rich Hieb, Sr. Executive Vice President &
Chief Operating Officer
(541) 618-6020
Rich.Hieb@PremierWestBank.com
Michael Fowler, Executive Vice President &
Chief Financial Officer
(541) 282-5291
Michael.Fowler@PremierWestBank.com
For full details for PRWT click here.

    


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