SOURCE: 1st Century Bank

January 23, 2008 08:00 ET

1st Century Bank N.A. Lowers Its Prime Lending Rate to 6.50 Percent

LOS ANGELES, CA--(Marketwire - January 23, 2008) - 1st Century Bancshares, Inc. (OTCBB: FCTY) today announced that the prime rate at its wholly owned subsidiary, 1st Century Bank, N.A., was lowered to 6.50 percent, effective January 23, 2008.

This represents a 75 basis point reduction from 7.25 percent, which had been in effect since December 12, 2007.

About 1st Century Bancshares, Inc.

1st Century Bancshares, Inc. is the bank holding company of 1st Century Bank, N.A., 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 www.1stcenturybank.com.

Contact Information

  • Contact:

    Margaret Tillman
    Assistant Vice President, Marketing
    1st Century Bank
    310.270.9556