First California Adds Lending Team
10 11월 2010 - 10:00PM
Marketwired
First California Financial Group, Inc. (NASDAQ: FCAL), the holding
company of First California Bank, today announced the addition of
three senior lending officers to the lending team at its
wholly-owned subsidiary, First California Bank. Prior to joining
First California, the team worked together for a number of years at
Pacific Western Bank.
The new team includes Velvet Dunbar, who was appointed senior
vice president and manager of commercial lending for First
California's Century City office. For the previous nine years, she
was the manager of commercial lending for Pacific Western Bank's
Beverly Hills office, where she is credited with building the
bank's commercial banking team and presence in the Los Angeles
region. Joining Dunbar as vice presidents are long-term colleagues,
Marlene Atilano and Jeffrey Moore.
"We are excited to have attracted a proven team of bankers with
strong client relationships in West Los Angeles and the San
Fernando Valley," said C. G. Kum, president and chief executive
officer of First California Group. "With the addition of Velvet and
her team, we have strengthened our ability to serve small and
medium-sized businesses in a key market for our bank."
About First California
First California Financial Group, Inc. (NASDAQ: FCAL) is the
holding company of First California Bank. Celebrating 31 years of
business in 2010, First California is a regional force of strength
and stability in Southern California banking with assets of $1.60
billion and led by an experienced team of bankers. The company
specializes in serving the comprehensive financial needs of the
commercial market, particularly small and middle-sized businesses,
professional firms and commercial real estate development and
construction companies. Committed to providing the best client
service available in its markets, First California offers a full
line of quality commercial banking products through 18 full-service
branch offices in Los Angeles, Orange, Riverside, San Bernardino,
San Diego and Ventura counties. The holding company's Web site can
be accessed at www.fcalgroup.com. For additional information on
First California Bank's products and services, visit
www.fcbank.com.
Forward-Looking Information
This press release contains certain forward-looking information
about First California that is intended to be covered by the safe
harbor for "forward-looking statements" provided by the Private
Securities Litigation Reform Act of 1995. All statements other than
statements of historical fact are forward-looking statements, and
include statements related to the company's ability to serve small
and medium-sized businesses. Such statements involve inherent risks
and uncertainties, many of which are difficult to predict and are
generally beyond the control of First California. First California
cautions readers that a number of important factors could cause
actual results to differ materially from those expressed in, or
implied or projected by, such forward-looking statements. Risks and
uncertainties include, but are not limited to, revenues are lower
than expected, credit quality deterioration which could cause an
increase in the provision for credit losses, First California's
ability to complete future acquisitions, successfully integrate
such acquired entities, or achieve expected beneficial synergies
and/or operating efficiencies within expected time-frames or at
all, changes in consumer spending, borrowing and savings habits,
technological changes, the cost of additional capital is more than
expected, a change in the interest rate environment reduces
interest margins, asset/liability repricing risks and liquidity
risks, general economic conditions, particularly those affecting
real estate values, either nationally or in the market areas in
which First California does or anticipates doing business are less
favorable than expected, a slowdown in construction activity,
recent volatility in the credit or equity markets and its effect on
the general economy, loan delinquency rates, the ability of First
California to retain customers, demographic changes, demand for the
products or services of First California as well as their ability
to attract and retain qualified people, competition with other
banks and financial institutions, and other factors. If any of
these risks or uncertainties materializes or if any of the
assumptions underlying such forward-looking statements proves to be
incorrect, First California's results could differ materially from
those expressed in, or implied or projected by such forward-looking
statements. First California assumes no obligation to update such
forward-looking statements. For a more complete discussion of risks
and uncertainties, investors and security holders are urged to read
the section titled "Risk Factors" in First California's Annual
Report on Form 10-K and any other reports filed by it with the
Securities and Exchange Commission ("SEC"). The documents filed by
First California with the SEC may be obtained at the SEC's website
at www.sec.gov. These documents may also be obtained free of charge
from First California by directing a request to: First California
Financial Group, Inc., 3027 Townsgate Road, Suite 300, Westlake
Village, CA 91361. Attention: Investor Relations. Telephone (805)
322-9655.
At the Company: Ron Santarosa 805-322-9333 At PondelWilkinson:
Robert Jaffe 310-279-5969 Corporate Headquarters Address: 3027
Townsgate Road, Suite 300 Westlake Village, CA 91361
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