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SYSTEM RELEASE - Wednesday, September 13, 2017

Concentra Bank Names Brian Guillemin as Interim President and CEO

The Board of Directors of Concentra Bank (“Concentra”) has appointed Brian Guillemin to serve as Interim President and Chief Executive Officer, effective September 29, and until the permanent CEO is in place, likely by the end of 2017.

Brian has been an Executive Vice-President with Concentra since 2013, being hired as the Chief Information Officer, and most recently accountable for the organization’s Corporate Services division. He has served the co-operative system in various leadership roles since 1992. Brian is credited for having led many multi-disciplinary teams responsible for a number of payment industry and card association firsts for the Canadian credit union system. His leadership at Concentra has continued to develop and support successful, highly-productive teams – well positioned to support the vision of Concentra and respond to future challenges. He is currently a member of the Conference Board of Canada’s CIO Council, a member of the Payments Canada Member Advisory Committee, and a Saskatchewan Science Centre board member. Brian has post-secondary training in engineering, computer science, and administration, and holds a Master of Business Administration from the University of Regina.

Board Chair Daniel Johnson says, “Brian’s tenure with Concentra combined with his extensive experience within Canada’s co-operative system positions him to provide strong leadership and guidance during this transition period.”

Guillemin responded, “By stepping in to this position, my goal is to maintain Concentra’s current direction, guided by the Board’s strong leadership and our existing Strategic Plan. Concentra will not miss a beat in this transition, and my intention is to nurture an environment that will position our incoming President and CEO for immediate success.”

Concentra continues an extensive, robust search for a new President and Chief Executive Officer, assisted by SpencerStuart, a globally recognized search and recruitment firm. The search is progressing as anticipated, and the Board is confident Concentra will attract a new CEO who best fits the unique needs of the company and successfully lead it into the future.

Johnson continued, “A properly executed executive search requires extended time and careful consideration. Concentra is going to take the time necessary for thoughtful deliberation so we ensure our next CEO brings the desired expertise and experience to our company. Stakeholders can expect to hear more from the Board as the search process advances.”

Concentra’s strategic plan will continue to guide the Board of Directors and management team through a period of transition and renewal. Concentra is committed to credit union success, and its strategic direction to strengthen the credit union system remains unchanged.