CALIFORNIA COMMUNITY BANK ANNOUNCES TWO PROMOTED TO EXECUTIVE VICE PRESIDENT
ESCONDIDO, CA – (Business Wire) – May 30, 2006 – California Community Bank (OTCBB: CABK.OB) announced today that the Bank has elevated two of its key officers to the position of Executive Vice President. Mike Cavataio is now Executive Vice President and Head of Real Estate Lending and Mark Anderson is Executive Vice President and Head of Operations.
Larry Hartwig, President and CEO commented, “During our first 30 months of operations, California Community Bank has very much become a significant part of the business community in Escondido and Vista. Mike Cavataio and Mark Anderson have both played major roles in our growth since inception. Cavataio has a strong customer following in San Diego’s North County and he has provided excellent leadership in developing and managing our real estate lending activities. Anderson has a strong background in operations and customer relationship management. He will play a key role in guiding our future growth and increasing our footprint in San Diego County. Both of these promotions are well deserved.”
California Community Bank is headquartered at 1320 West Valley Parkway in Escondido and currently operates 2 branches – Escondido and Vista, CA.
California Community Bank offers traditional full-service banking to individual customers, professionals, as well as to small and medium size businesses. In addition to a variety of deposit accounts, the Bank offers a mix of loan products that include commercial, professional, and industrial lending packages as well as Small Business Administration loans and consumer, home equity, construction, and real estate loans.
For more information on the Bank, please call 760-888-1000, or visit www.calcommunitybank.com. ________________________________________________________________ Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank’s business, and the intent, belief or current expectations of the Bank, its directors or its officers, are “forward looking” statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward looking statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Bank’s performance, regulatory matters and those discussed in filings by the Bank with the Federal Deposit Insurance Corporation.
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