Kim Kaselionis, president and chief executive officer of Circle Bank in Novato, has been named one of eight members of an American Bankers Association task force that will make recommendations about creating a top-level “.bank” domain name for the nation’s 7,000 community banks.
There currently only 21 top-level Internet Corp. for Assigned Names and Numbers approved domains, such as .com and .net, and the last approvals for new names occurred in 2000.
[caption id="attachment_28390" align="alignright" width="115" caption="Kim Kaselionis"][/caption]
“The strictness of the process is a means of protecting users of the Internet,” said Ms. Kaselionis. “Top-level domain names require higher levels of security and have a clear relevance for banks.”
The goal of this task force is to have recommendations completed during the first quarter of this year.
“It is extremely important for community banks to establish the highest security standards in the financial services industry to maintain the trust with their customers,” she said. “We are not impersonal, telephone menu banks. We are located in our customers’ neighborhoods and are deeply involved in their financial lives. If .bank can be created to deepen that trust, I’m all for it.”
AmericanAg Credit is going through due diligence regarding a proposed merger with Mountain Plains Farm Credit in Greeley, Colo.
This would be the next in a line of mergers for AmericanAg credit, the last of which was with Farm Credit Services of the Heartland in November of 2009.
Pending regulatory approval, the institution will submit a plan of merger to shareholders sometime in 2011.
Founded in 1916, American AgCredit is part of the cooperative nationwide Farm Credit System and is the nation’s seventh-largest farm credit cooperative. American AgCredit specializes in providing financial services to agriculture and rural customers throughout California, Nevada, Central Kansas and Northern Oklahoma, as well as to capital markets customers in 30 states across the nation.
American AgCredit has also announced the promotion of three long‐time employees: Bill Rodda, Jim Rizza and Clay Popko.
Vice President Mr. Rodda has been promoted to branch manager of the new Santa Rosa office.
He has been working with farm credit since 1981 and manages both commercial and capital markets portfolios.
Vice President Mr. Rizza has been promoted to regional vice president of the Central Region. He began his farm credit career in 1981 and has been with the St. Helena office since January of 1985, most recently serving as branch manager.
Mr. Popko was promoted to branch manager of the St. Helena office, where he has been a vice president since 2003.
He began his career with American AgCredit in 1994 working for the Santa Rosa group.
“With our expansion into Kansas and Oklahoma, we are also aiming to streamline our California operations,” said Chief Executive Officer Ron Carli. “Promoting seasoned staff to critical management positions will help us to better manage the Central Region and maintain good relations with our customers.”
Bank of Marin Bancorp has signed a lease for a new branch office in downtown Sonoma. The new office at 136 W. Napa St. will open in late spring. With the new location, Bank of Marin will have five branch offices in Sonoma County with a total of 16 offices.