SOURCE: 1st Century Bank

September 21, 2007 13:17 ET

1st Century Bank, N.A. Is Honored as One of the Best Places to Work in Los Angeles

LOS ANGELES, CA--(Marketwire - September 21, 2007) - 1st Century Bank, N.A. (OTCBB: FCNA) was honored Tuesday, September 18th as one of the Best Places to Work in Los Angeles by the Los Angeles Business Journal. 1st Century Bank was the only bank honored in the mid-size businesses category.

Participants were ranked based on the results of an employee survey and an evaluation of each company's benefits, policies and offerings. The LA Business Journal worked with the Professionals in Human Resources Association (PIHRA), the Los Angeles Area Chamber of Commerce and the Best Companies Group to create the program.

"We are very proud to be recognized as the only bank in the mid-size industry category," said President, Jason DiNapoli. "We take great care in creating an environment that promotes life and work balance, and strive to create opportunities to fully develop the potential of our employees. As a young company competing in a mature industry, the quality and attitude of our employees is a key competitive advantage for our bank."

The awards luncheon was held at the Millennium Biltmore Hotel in Los Angeles and was attended by the top 60 Best Places to Work. The final list will be published later this month by the Los Angeles Business Journal.

1st Century Bank is a full service commercial bank headquartered in the Century City area of Los Angeles, California. 1st Century'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. For more information, visit our website at www.1stcenturybank.com.

FORWARD-LOOKING STATEMENTS

Certain matters discussed in this letter constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to 1st Century's current expectations regarding deposit and loan growth, operating results and the strength of the local economy. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results, performance or achievements to differ materially from those expressed, suggested or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to: (1) the impact of changes in interest rates, a decline in economic conditions and increased competition among financial service providers on 1st Century's operating results, ability to attract deposit and loan customers and the quality of 1st Century's earning assets; (2) government regulation; and (3) the other risks set forth in 1st Century's reports filed with the Office of the Comptroller of the Currency, including its Annual Report on Form 10-KSB for the year ended December 31, 2005. 1st Century does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements.

Contact Information

  • Contact:
    Margaret Tillman
    Assistant Vice President, Marketing
    Phone: 310.270.9556