Security Bank bares two new directors

Security Bank Corp. announced the election of two new directors representing strategic partner MUFG Bank Ltd. during its recent annual stockholders’ meeting.

SBC also bared the designation of a new vice chairman during the organizational meeting of the board of directors.

The stockholders of SBC elected MUFG nominees Hiroshi Masaki and Takeshi Takeuchi as directors to occupy the two seats held by the largest bank in Japan. The two newly elected directors will replace Takahiro Onishi and Masaaki Suzuki.

“We express our sincerest gratitude to Mr. Onishi for his four years of service as EVP and director. We also thank Mr. Suzuki for his valuable contributions as Director during the past year,” said Security Bank chairman Alberto Villarosa.