SOURCE: Beach Business Bank

Beach Business Bank

April 12, 2010 11:00 ET

Beach Business Bank Announces $5 MM Relationship With PBI/Everson

LONG BEACH, CA--(Marketwire - April 12, 2010) - Beach Business Bank (OTCBB: BBBC), a full-service professional business bank with offices in Manhattan Beach, Long Beach, and Orange County, CA announced today it has closed a new $5.3 million multi-loan credit facility with PBI Market Equipment, Inc. and its affiliate Everson Spice Company, Inc. These family-owned businesses have been serving the California marketplace for more than 60 years from their Long Beach headquarters.

PBI Market Equipment has serviced the grocery industry, since it was started by Lynn Everson after the Second World War. Lynn's sons, Tom and Kim Everson, now manage all aspects of the company on a daily basis. In 1988, the Everson brothers diversified their business by forming Everson Spice Company, Inc. Everson Spice creates seasonings for use by grocery stores, restaurants, and institutional cafeterias throughout the United States.

"Establishing this relationship with Beach Business Bank will allow us to meet our growth targets for the coming years. We had worked with Tom LaCroix and Maggie Hender at another bank, and we were thrilled to be able to follow them to Beach Business Bank," remarked Tom Everson, CEO of PBI Market Equipment, Inc. "They are the responsive local bankers we have known and worked with successfully for several years."

"We are pleased that the Everson brothers have chosen Beach Business Bank for their credit and deposit services. They have an outstanding business which is thriving even in this challenging economic environment. Businesses like these will be the generator of growth that will allow California to recover rapidly from this recession. The Eversons' success is a tribute to the experienced and knowledgeable management team that Tom and Kim have assembled," said Robert Franko, President & CEO of Beach Business Bank.

Jim Gray, the Chairman of the Bank, commented, "Tom and Kim represent the perfect clients for our Bank. They are successful, they are careful in their business practices, and they are committed to our Long Beach community. At Beach Business Bank, we know our business customers and work to ensure their success, not only in the present economic climate, but for generations to come. Every day, we demonstrate our commitment to helping local small businesses thrive through our many business lending programs."

Beach Business Bank is headquartered at 1230 Rosecrans Ave. in Manhattan Beach, and has full-service offices at 180 E. Ocean Blvd. in Long Beach, CA, and 650 Town Center Dr. in Costa Mesa, CA. The Bank is first and foremost a community business bank serving Los Angeles, Long Beach, and Orange County area residents and businesses. The Bank also has a division named The Doctors Bank®, which serves physicians and dentists nationwide. In addition, Beach Business Bank provides loans to small businesses, focused around the SBA lending programs. For more information on the Bank, please visit www.beachbusinessbank.com or call 866-862-3878.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:

Certain statements in this press release are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements are subject to risks and uncertainties and therefore the actual results may differ materially from those expressed or implied by such forward-looking statements. The Bank cautions readers not to place undue reliance on any forward-looking statements. The Bank does not undertake, and specifically disclaims any obligation, to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

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