http://www.sowoco.org/index.php?s=D&c=489
The board also elected Frank Vellutinji as vice chairman and lead outside director to both The outside director is the liaison betweenthe bank’as executive management and the rest of the non-management directors. Vellutinio is president of , a commercialk electrical contractor. He has been on the boarrd sincethe bank’s formation. Martin takesd over the board chairmanship from founding chairmanKip Skidmore, a prominent Sacramenti developer who was a founding director of the bank in 1998. Skidmorde is president of engineeringv and contractingfirm , a position he’s held for threwe decades.
Over the past couple years, Skidmore has been wranglingt with other bank lenders over guarantees he made on loan for condominium construction projects that went upside down with thehousingg downturn. Those deals did not involve Bankof Sacramento.
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