John Dolan has extensive banking experience
both as a member of the board of directors and an executive officer. Currently
Mr. Dolan is Vice Chairman and Audit Committee Chair of Atlantic Coast
Financial Corporation. Atlantic Coast Financial Corporation is the parent
company of a community bank headquartered in Jacksonville, Florida. Mr.
Dolan also consults with growth oriented companies, helping them find
non-dilutive funding sources.
Dolan retired in December 2011 as the President and Chief Executive Officer at
First Commonwealth Financial Corporation. With 6+ billion in assets, First
Commonwealth is a financial services company headquartered in Indiana,
Pennsylvania, primarily serving the Western and the Central Pennsylvania
regions. Mr. Dolan transformed the company's strategy from growth through
acquisitions to organic growth, restructured the executive team to ensure
success, and navigated the company to clean up significant credit issues.
He led the company to maintain a strong capital position throughout the
recession period without accepting TARP (troubled asset relief program) or
CPP (capital purchase program) funds, and decisively raised common equity
capital in uncertain markets. Mr. Dolan was primary contributor on the
Corporate Board as well as subsidiary boards of directors. He was also
actively involved when the company's board restructured its corporate
governance policies to be consistent with industry best practices.
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