SOURCE: 1st Century Bank

January 09, 2008 08:30 ET

1st Century Bancshares Promotes Jason P. Dinapoli to CEO of 1st Century Bank

Alan I. Rothenberg Assumes Chairman, CEO Position of Newly Formed Holding Company

LOS ANGELES, CA--(Marketwire - January 9, 2008) - 1st Century Bancshares, Inc. (OTCBB: FCTY) today announced the promotion of Jason P. DiNapoli to chief executive officer of 1st Century Bank, in addition to his current role as president.

DiNapoli assumes the chief executive title from Alan I. Rothenberg, who became chairman and chief executive officer of 1st Century Bancshares, the recently formed holding company of 1st Century Bank, and remains as chairman of 1st Century Bank.

"Having joined 1st Century Bank during its formation in 2003, Jason has been a driving force behind its growth and success," Rothenberg said. "He is an extremely talented leader who possesses the aptitude to guide the bank through its next phase of development. Jason's proven track record and ability to get things done will serve us well as 1st Century Bank continues to focus on core growth markets and expand its product and service offerings."

DiNapoli, 39, has more than 13 years of relevant experience in banking and finance. Previously, he was vice president of finance for JP DiNapoli Companies Inc., a real estate investment, development and property management organization. Prior to that, DiNapoli served as a vice president at Union Bank of California and was a team leader for the bank's power and utilities group, managing an asset portfolio that exceeded $1.25 billion.

Active in numerous local community organizations, DiNapoli is a member of the Los Angeles Museum of Contemporary Art Drawings Committee, and a former board member of MOCA as well as the Southern California chapter of the March of Dimes. He earned a bachelor's degree from the University of California, Berkeley.

About 1st Century Bancshares, Inc.

1st Century Bancshares, Inc. is the bank holding company of 1st Century Bank, a full service commercial bank headquartered in the Century City area of Los Angeles. The bank's primary focus is relationship banking to family owned and closely held small and middle market businesses, professional service firms and high net worth individuals, real estate investors, medical professionals, and entrepreneurs. Additional information is available at

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