LOS ANGELES, CA -- (Marketwire) -- 06/14/12 -- Thomas Iino, Chairman of Pacific Commerce Bank (OTCBB: PFCI) (OTCQB: PCFI) announced today that Scott R. Andrews has been hired as the Chief Executive Officer of the Bank effective June 12, 2012. Mr. Andrews is a 36-year career banker who was previously the Chief Executive Officer of Sunrise Bank in San Diego. His prior experience includes serving as the California Region President for Capitol Bancorp, Executive Vice President for First National Bank in San Diego as well as senior positions with Wells Fargo and First Interstate Bank.
"I could not be more pleased to have Scott join us and take the leadership role to move the Bank to the next level. With a solid balance sheet and capital base we are now poised to grow both organically and strategically. The engagement of Mr. Andrews enhances our commitment to building shareholder value," said Mr. Iino.
"I am excited to join the Pacific Commerce Bank team and look forward to leading the Bank's efforts to grow and expand its presence in Southern California. Pacific Commerce Bank is well-capitalized and we are actively seeking quality new customer relationships, both lending and depository," said Mr. Andrews.
About Pacific Commerce Bank
Established in 2002, Pacific Commerce Bank is a business-oriented community bank with offices in downtown Los Angeles and West Los Angeles. Founded by local business owners and professionals, the Bank is focused on meeting the diverse financial needs of its clients, and offers a full range of loan, deposit and treasury management products. Information about the Bank can be obtained on its website: www.pacificcommercebank.com.
Forward Looking Information
The financial information in this press release is based on unaudited financial results. Certain statements in this press release are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements are subject to risks and uncertainties and therefore the bank's actual results may differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties that the bank is subject to include, but are not limited to, risks related to the local and national economy, including fluctuations in interest rates and costs and changes in economic policy; the ability of the bank to perform in accordance with its plans; competition; regulatory matters; and other risks detailed in its filings with the State of California Department of Financial Institutions and the Federal Deposit Insurance Corporation. The bank cautions readers not to place undue reliance on any forward-looking statements. The bank does not undertake, and specifically disclaims any obligation, to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.
Scott R. Andrews
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