SOURCE: Commerce National Bank

Commerce National Bank

April 22, 2010 09:00 ET

Commerce National Bank Announces the Appointment of Oscar F. Ramirez as Vice President, SBA Underwriter

NEWPORT BEACH, CA--(Marketwire - April 22, 2010) -  Commerce National Bank (OTCBB: CNBF), a community business bank now in its seventh year of operation, is pleased to announce that Oscar F. Ramirez has joined Commerce National Bank as Vice President, SBA Underwriter.

With over 26 years of experience in SBA and commercial loan analysis and risk assessment, Mr. Ramirez brings an extensive background in all aspects of SBA lending including credit underwriting, SBA regulations, collateral evaluations and ongoing relationship management. "Mr. Ramirez is a high quality banking professional with a proven track record in the field of SBA lending. We are very pleased to have him join our team," said President & Chief Executive Officer Mark E. Simmons.

Mr. Ramirez has held key positions with the U.S. Small Business Administration and several southern California banks, most notably with Comerica Bank for seven years and Community Bank for three years. Mr. Ramirez is a graduate of California State University, Northridge, where he received a Bachelor of Science in Finance. In addition to his banking experience, Mr. Ramirez has been involved in numerous financial and service organizations in the Los Angeles area.

With offices in Newport Beach and the city of Fullerton, Commerce National Bank is well positioned to serve businesses, professionals and selected real estate customers in both the northern and southern areas of Orange County. The offices are staffed by experienced business bankers who are committed to providing exemplary service to their customers in the business community.

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 Commerce National 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: Commerce National Bank's timely development of new products and services, technological changes, changes in consumer spending and savings habits and other risks discussed from time to time in Commerce National Bank's reports and filings with the Office of the Comptroller of the Currency. 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 Commerce National 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

    Mark Simmons, President/CEO
    Phone: 949-870-3860
    Fax: 949-870-4499
    E-Mail: Email Contact