Kvetko takes over after $4M loss


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  • | 12:22 p.m. May 6, 2011
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If you're going to be president and CEO of Shamrock Bank in Naples, it might be helpful to have a little Irish blood running through your veins.

Indeed, Colleen Kvetko's maiden name is O'Sullivan, and her grandparents emigrated from Ireland through Ellis Island. Her first day as the bank's chief executive was April 2, taking over from Don York.

We'll spare you from expressions of Irish fortunes. But the bank, whose board includes Domino's Pizza founder Tom Monaghan, faced a tough 2010. It suffered a net loss of $3.9 million, according to the latest data from the Federal Deposit Insurance Corp. That loss was mostly due to regulators ordering provisions for loan losses of $3.6 million.

 

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