SOURCE: 1st Enterprise Bank

1st Enterprise Bank

December 14, 2011 15:46 ET

1st Enterprise Bank Announces Promotion of David K. Plourde to the Executive Management Team

LOS ANGELES, CA--(Marketwire - Dec 14, 2011) - 1st Enterprise Bank ("the Bank") (OTCBB: FENB), a full-service commercial bank serving the Southern California business community, today announced the promotion of David K. Plourde to Executive Vice President and a member of the Bank's executive management team. In his expanded role, Mr. Plourde will have oversight of the Commercial banking activities of the Regional offices, including sales management, staffing and identification of new Regional office opportunities.

"This promotion recognizes David's significant contributions to the Bank since inception, and the expanded management needs that have resulted from the rapid growth we have experienced," said Brian Horton, President. "It will also allow other members of Executive Management to focus on strategic initiatives to continue to accelerate growth in the coming years."

"I am very pleased to be taking on these additional responsibilities," said David Plourde. "I am honored to be working with such a talented group of bankers who are passionate about the customers, and look forward to accelerating the Bank's growth in coming years."

About 1st Enterprise Bank
Founded in 2006, 1st Enterprise Bank is a full service commercial banking institution, whose highly experienced bankers personally serve Southern California entrepreneurial businesses, professional firms and nonprofit organizations, along with their owners and key managers. Headquartered in the Los Angeles financial district, with full service regional banking offices in Irvine and Ontario, 1st Enterprise Bank offers a full range of credit and depository services, with special emphasis on superior customer service, sophisticated cash management services and direct access to bank decision makers. Customers work directly with a dedicated Relationship Manager, a seasoned professional who understands their unique challenges serving as a sounding board and an active participant in their client's success. For more information on 1st Enterprise Bank, please visit www.1stenterprisebank.com.

Forward-Looking Statement:
This news release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about 1st Enterprise Bank's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and the following: 1st Enterprise Bank's timely implementation of new products and services, technological changes, changes in consumer spending and savings habits and other risks discussed from time to time in 1st Enterprise Bank's reports and filings with banking regulatory agencies. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made, and 1st Enterprise Bank does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.

Contact Information

  • Contact:
    John C. Black
    CEO
    213-430-7000