First California's EPS Division Adds New Customer
26 3월 2012 - 9:00PM
Marketwired
First California Financial Group, Inc. (NASDAQ: FCAL), the holding
company of First California Bank, today announced that its
Electronic Payments Services (EPS) division has added a new
customer, Global Cash Card, located in Irvine, California. The
contract term is five years.
"Global Cash Card is the largest independent payroll card
provider in the U.S., currently with more than 300,000 active
cardholders," said Jim Tingey, president of the EPS division. "This
collaboration allows us to provide products to businesses of all
sizes throughout the country. Global Cash Card is an important
customer for us and the second major new client to be added to our
roster in recent weeks."
"Collaborating with First California Bank helps diversify our
banking relationship and solidify our business going forward," said
Joseph Purcell, president and chief executive officer of Global
Cash Card. "Due to our rapid growth of 40 percent each year, we
chose First California because they have the knowledge, reputation,
experience and credibility we need. They are the right bank for
us."
About Global Cash Card Global Cash Card™
is the proven specialist in customized paycard solutions that are
simple to implement and easy to use. The company is a wholly owned
subsidiary of World Processing, Ltd, a leader in electronic
financial transaction technology. Global Cash Card is a direct
processor that offers Debit MasterCard cards and Visa Prepaid
cards. The company develops and owns the proprietary software,
which enables the products and services it offers.
The platform provides payroll cards, travel, gift, FSA, HSA, and
many other types of applications. Global Cash Card also offers
branded and customized programs. Global Cash Card's cutting edge
technology continues to improve, offering more value and greater
flexibility to meet the particular requirements of its customers.
Visit us at www.globalcashcard.com.
About First California First California
Financial Group, Inc. (NASDAQ: FCAL) is the holding company of
First California Bank. Founded in 1979 and with nearly $2 billion
in assets, First California serves the comprehensive financial
needs of small- and middle-sized businesses and high net worth
individuals throughout Southern California. Led by an experienced
team of bankers, First California is committed to providing the
best client service available in its markets, offering a full line
of quality commercial banking products through 19 full-service
branch offices in Los Angeles, Orange, Riverside, San Bernardino,
San Diego, San Luis Obispo and Ventura counties. The holding
company's website 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 level of business volumes, the monitoring
of and management of risks in First California's loan portfolio,
the adequacy of sources of liquidity to support First California's
operations and strategic plans, the monitoring of and response to
changing market conditions, and the status of the economy in the
Southern California communities served by First California. 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, changes in the bank regulatory
environment, 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, First California's level of small business
lending, 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.
For further Information: 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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