SOURCE: 1st Century Bancshares, Inc.

1st Century Bancshares, Inc.

August 30, 2010 15:47 ET

1st Century Bank Named One of the Best Places to Work by Los Angeles Business Journal

LOS ANGELES, CA--(Marketwire - August 30, 2010) -  1st Century Bank, N.A. (NASDAQ: FCTY) was honored Wednesday, August 4th as one of the Best Places to Work in Los Angeles by the Los Angeles Business Journal. This was the second time that 1st Century Bank was recognized. 

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 small industry category again," said President, Jason DiNapoli. "We have taken the time to cultivate an environment that truly promotes life and work balance, and continue to create opportunities that fully develop the potential of our employees. As a small company competing in a mature and ever-changing industry, the quality and attitude of our employees is our key competitive advantage."

This is the second time that 1st Century Bank has received this honor by the Los Angeles Business Journal. The awards luncheon was held at the Millennium Biltmore Hotel in Los Angeles and was attended by the top 75 Best Places to Work. The final list will be published later this month by the Los Angeles Business Journal.

About 1st Century Bancshares, Inc.
1st Century Bancshares, Inc. is a publicly owned company traded on the Nasdaq Capital Market under the symbol "FCTY." The Company's wholly-owned subsidiary, 1st Century Bank, N.A., is a premium service business bank headquartered in the Century City area of Los Angeles. The Bank's primary focus is serving the specific banking needs of entrepreneurs, professionals and small businesses with the personal service of a traditional community bank, coupled with the technologies of a big money center bank. The Company maintains a website at www.1stcenturybank.com. By including the foregoing website address link, the Company does not intend to and shall not be deemed to incorporate by reference any material contained therein.

Safe Harbor

Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can find many (but not all) of these forward-looking statements by looking for words such as "approximates," "believes," "expects," "anticipates," "estimates," "intends," "plans," "would," "may" or other similar expressions in this press release. These statements are based upon our current expectations and speak only as of the date hereof. Forward-looking statements are subject to certain risks and uncertainties that could cause our actual results, performance or achievements to differ materially and adversely from those expressed, suggested or implied herein. Accordingly, investors should use caution in relying on forward-looking statements to anticipate future results or trends. These risks and uncertainties include, but are not limited to: (1) the impact of changes in interest rates, (2) a continuing decline in economic conditions, (3) increased competition among financial service providers, (4) government regulation; and (5) the other risks set forth in the Company's reports filed with the U.S. Securities and Exchange Commission. The Company does not undertake, and specifically disclaims, any obligation to revise or update any forward-looking statements for any reason.

Contact Information

  • Contact Information:
    Alan I. Rothenberg
    Chairman/Chief Executive Officer
    Phone: (310) 270-9501

    Jason P. DiNapoli
    President/Chief Operating Officer
    Phone: (310) 270-9505