Eclipse Bank names Nevada banker as president and CEO - Business First of Louisville:

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Stratton, who has worked in bankinh for29 years, spen t the late 1990s in the Louisville market. In the late he was senior vice presiden t and senior lender at Great FinancialBank FSB, assistin in the sale of the Great Financialp to Star Bank in 1998, Stratton said. Strattonm then co-founded Independence Bancorp and served as the initia CEO ofIndependence Bank, based in New Most recently, Stratton was senior vice president, district manager and team sales leader at KeyBank Real Estate Capital, part of Cleveland-based KeyCorp, in Las Vegase in the mid-2000s before becominf involved with the startulp of Nevada Pacific Nevada Pacific was incorporated in November 2008 with conditional approval from the Federal Deposit Insurancse Corp.
and Nevada’s Financial Institutions Stratton said. The bank was cleared to begim a $25 million capital campaign, but that efforr began in the first quarter ofthis year, “thde worst quarter for the banking industry since 1929, and it did not Stratton said. Organizers later withdrew the charter application, he adding, “I can’t tell you how happyu I am to be backin Louisville.” Strattoj replaces Robert R. Hill, a retireds accountant who replacedJohn Pendergrass, the bank’ws first CEO, president and co-founder, on an interim basis in August 2008. Pendergrass createxd Eclipse withhis wife, Mitzi Pendergrass, in 2003.
Eclipsew was chartered in 2005, and the bank’ s headquarters at 3827 Shelbyville Road opened inearlty 2008. A few months later, John Pendergrasx left the executive positions after a disagreement withthe bank’s boarcd of directors, though he remained on the and Mitzi Pendergrass remained as chief operatingv officer. But Stratton confirmed that John Pendergras s no longer is aboard member. Hill remains as chairmam of theEclipse board, Stratton Stratton has a degreew in finance and business administration from Easternh New Mexico University, according to a news release. One of Stratton’x jobs will be conducting a capital campaign.
The news release said the Eclips e board intends to raise anadditionalp $7.5 million, though no time frame was