LOS ANGELES, CA--(Marketwire - Oct 26, 2012) - 1st Enterprise Bank (OTCBB: FENB) joined as the newest partner in the unprecedented collaboration to construct the country's first service enriched Habitat for Heroes veteran village. Providing critically needed financing to move the project forward, 1st Enterprise Bank joins the California Department of Veteran Affairs (CalVet) who announced it has set aside more than $21 million for Habitat for Humanity San Fernando/Santa Clarita Valley (Habitat SF/SCV) to build homes for California veterans and their families in the Santa Clarita and Sylmar areas of Los Angeles County. Through this public-private collaboration, low-income veterans will now have a great opportunity to qualify to purchase beautiful three-and-four bedroom homes.
"We are very proud to have the opportunity to assist in bringing this unique and vital project to fruition for the benefit of our veterans residing in the Southern California area," said John Black, CEO of 1st Enterprise Bank. "Habitat for Humanity San Fernando/Santa Clarity Valley has done a tremendous job in initiating and coordinating this effort and we look forward to seeing the benefits it will provide for years to come."
About 1st Enterprise Bank
Founded in 2006, 1st Enterprise Bank is a full service independent 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.
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.