CALIFORNIA COMMUNITY BANK ANNOUNCES THIRD BRANCH LOCATION
ESCONDIDO, CA – (Business Wire) – July 18, 2006 – California Community Bank (OTCBB: CABK.OB) announced today that it will broaden its business and consumer banking services by opening its third full service branch at 8996 Miramar Road in San Diego, CA.
President and CEO, Larry Hartwig said, “The Bank’s “high touch” approach to relationship banking has had an excellent reception and since we already have a number of banking relationships in the Kearny Mesa - Miramar Road areas, it is natural that we would consider a full service branch in that area. This has been a high growth area for small businesses, and our analysis shows a clear need for a community bank to replace those that were acquired in the late 1990’s. The best part is that we have a strong veteran business banker in the form of Scott Wood to head our efforts in this marketplace.”
Hartwig also announced that Executive Vice President Scott Wood will be heading up California Community Bank’s activities in the Miramar Road – Sorrento Mesa - Kearny Mesa area. The office will likely open by the end of the third quarter. Mr. Wood has over 20 years of small business banking and lending experience by holding key positions at Bank of America, Napa Valley Bank and Wells Fargo. Before joining California Community Bank, he was located at the Miramar Road office of Bank of America.
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.
CONTACT:
California Community Bank, Escondido, CA Larry D. Hartwig, 760.888.1001 lhartwig@calcommunitybank.com
California Community Bank, Escondido, CA Scott Wood, 760.888.1026 swood@calcommunitybank.com
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