CoBiz Bank Names New Board Member

DENVER, May 23, 2012 /PRNewswire/ -- CoBiz Financial (Nasdaq: COBZ), the parent company of Colorado Business Bank and Arizona Business Bank, announced that Willis Wiedel, president and chairman of Encore Electric, has been elected to the Board of Directors for its banking franchise.

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"We are pleased to welcome Willis to our bank Board," said Jonathan C. Lorenz, Colorado Business Bank/Arizona Business Bank CEO. "His 35 years' of expertise in the contracting industry aligns well with our considerable base of customers in that industry."

Wiedel co-founded Encore Electric, a privately held, locally owned electrical contractor, in 2003. Prior to that, he served as president of Encompass Electrical Technologies and its predecessor, Riviera Electric. He has served on the Metro Denver Economic Development Executive Council since 2009. Wiedel received his bachelor's degree in chemistry from the University of Nebraska, Kearney, and attended graduate school at University of Nebraska, Lincoln, and Mount St. Mary's University and Seminary in Emmitsburg, Md.

Colorado Business Bank and Arizona Business Bank are full-service commercial banking institutions that offer a broad range of sophisticated banking services to a targeted customer base of professionals and small to mid-sized businesses. The bank's parent company, CoBiz Financial (NASDAQ:COBZ), is a $2.5 billion financial services company that serves the complete financial needs of businesses, business owners and professionals in Colorado and Arizona. The Company also provides wealth planning and investment management through CoBiz Wealth Management, and trust services through CoBiz Trust; property and casualty insurance brokerage and employee benefits through CoBiz Insurance; investment banking services through Green Manning & Bunch; and executive benefits consulting and wealth transfer services through Financial Designs Ltd.

SOURCE CoBiz Financial

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