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Douglas E. French | |
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From: dmgeorge...@gmail.com
Date: Wed, 28 May 2008 11:53:09 -0700 (PDT)
Local: Wed, May 28 2008 2:53 pm
Subject: Douglas E. French
Having noted Mr. French’s “resignation” for “personal reasons”
following his sale of Silver State Bancorp shares valued between approximately $15 and $10 in the November, 2007 to February, 2008 period, one has to wonder (as the stock now sits at $2.50): “Wasn’t that unconscionable insider trading?” Does the company have anything to say on the topic?
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From: onad...@gmail.com
Date: Tue, 3 Jun 2008 09:00:49 -0700 (PDT)
Local: Tues, Jun 3 2008 12:00 pm
Subject: Re: Douglas E. French
certainly raises an eyebrow, if not both !!! I have personally never
observed such a one-liner for an executive leaving an ogranization that was so instrumental in the succes of its staff, executives, investors and board. Perhaps the Greyhound bus was warmed up a bit too early.... maybe exclusively for CYA purposes of those remaining. This is an extreme example of paranoia, greed, and self-preservation. I wojnder if a certain preseidenial candidiate would appreciate an in- depth look at the banks board.... Just a thought. Silver State Bank was the leader in Community Based Banking and has certainly sold itself out. Ironically the NAMED EXECUTIVE OFFICER (Doug French) was signfiicantly reponsible for putting htem on the map and leading the IPO raod show. How quickly they forget. I trust when the market in LV rebounds, and it will, the missing community bnaking element they fear so much no some how becomes lost. It would serve them well. You must Sign in before you can post messages.
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From: ogspot...@gmail.com
Date: Fri, 20 Jun 2008 10:57:37 -0700 (PDT)
Local: Fri, Jun 20 2008 1:57 pm
Subject: Re: Douglas E. French
Doug French over the past 10 years has made more money for Silver
State Bank than the rest of the lending staff combined. Just over 2 years ago this bank was producing an ROE of over 30%. Corey Johnson, the CEO, has been in charge just over 2 years and along with COO Micheal Treet they have totally ruined this bank. Check the RJ records and you can find Johnson smugly telling the RJ two years ago that he was going to turn Silver State Bank into a "multi-state regional bank holding company" blah blah blah. Soon after Johnson expanded into Arizona, got himself and his minions (with the exception of French) covered under Million dollar golden parachutes, moved the company's executive offices to plush new space at "the District", came out with a botched stock offering, then came out with a botched "stock repurchase", then somewhow managed to be 90 days late reporting the bank's real estate loan problems when compared to the other banks in the SAME market, and now he's asking the"bagholders" to cough up more money. With a track record like this I can't imagine not giving these guys a big raise!! Oh wait, they also got big raises back in December along with their big bonuses. Guess they had to throw French under the bus, but hey, Johnson and Treet are still knocking back their big salaries for a job well done! Wish I could get a job like that. You must Sign in before you can post messages.
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From: onad...@gmail.com
Date: Wed, 2 Jul 2008 17:13:08 -0700 (PDT)
Local: Wed, Jul 2 2008 8:13 pm
Subject: Re: Douglas E. French
SOUnds like your familar with this group. Not only did they throw
Frenchy under the bus, they backed up to make sure they got him. It's actually insulting to anyone who has been privy to the inner workings goign on at Silver State Bank when the press release states that French resigned. Make no mistake, he was fired !!!! You must Sign in before you can post messages.
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From: onad...@gmail.com
Date: Wed, 2 Jul 2008 17:13:15 -0700 (PDT)
Local: Wed, Jul 2 2008 8:13 pm
Subject: Re: Douglas E. French
SOUnds like your familar with this group. Not only did they throw
Frenchy under the bus, they backed up to make sure they got him. It's actually insulting to anyone who has been privy to the inner workings goign on at Silver State Bank when the press release states that French resigned. Make no mistake, he was fired !!!! You must Sign in before you can post messages.
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| End of messages |
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