SOURCE: First California Financial Group

First California Financial Group

February 01, 2010 16:00 ET

First California Introduces New Lending Teams

WESTLAKE VILLAGE, CA--(Marketwire - February 1, 2010) - First California Financial Group, Inc. (NASDAQ: FCAL) today announced that experienced lending teams with well established commercial clientele networks in Ventura County and the San Fernando Valley have joined its wholly-owned subsidiary, First California Bank. Stacy Peterson was appointed senior vice president and regional manager for Ventura County. David Sabedra was named senior vice president and will head First California's Ventura office.

Peterson comes to First California with nearly three decades of banking experience. She joined Santa Barbara Bank & Trust as senior vice president and regional manager of commercial banking in 2000 and is credited with building the bank's commercial banking team and presence in Ventura County. Joining Peterson from Santa Barbara Bank and Trust are four relationship managers and a senior underwriter.

A career banker since 1971, David Sabedra rejoined First California after having served as senior vice president and regional manager for Ventura County for Los Padres Bank.

"We are excited to have attracted a proven team of bankers who have been key players in the growth of commercial banking in Ventura County and the San Fernando Valley," said C. G. Kum, President and Chief Executive Officer. "We believe this addition of best-in-class bankers provides another competitive edge that will significantly enhance our efforts to increase First California's commercial banking market share in these geographic areas."

About First California

First California Financial Group, Inc. (NASDAQ: FCAL) is the holding company of First California Bank. The company specializes in serving the comprehensive financial needs of the commercial market, particularly small- and middle-sized businesses, professional firms and commercial real estate development and construction companies. Committed to providing the best client service available in its markets, First California offers a full line of quality commercial banking products through 17 full-service branch offices in Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura counties.

Forward-Looking Statements

This press release contains certain forward-looking information about First California that is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of First California. First California cautions readers that a number of important factors could cause actual results to differ materially from those expressed in, or implied or projected by, such forward-looking statements. If any of these risks or uncertainties materializes or if any of the assumptions underlying such forward-looking statements proves to be incorrect, First California's results could differ materially from those expressed in, or implied or projected by such forward-looking statements. First California assumes no obligation to update such forward-looking statements, except as required by law. For a more complete discussion of risks and uncertainties, investors and security holders are urged to read the section titled "Risk Factors" in First California's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and any other reports filed by it with the Securities and Exchange Commission ("SEC"). The documents filed by First California with the SEC may be obtained at the SEC's website at www.sec.gov. These documents may also be obtained free of charge from First California by directing a request to: First California Financial Group, Inc., 3027 Townsgate Road, Suite 300, Westlake Village, CA 91361. Attention: Investor Relations. Telephone (805) 322-9655.

Contact Information

  • For further Information:

    At the Company:
    Ron Santarosa
    805-322-9333

    At PondelWilkinson:
    Angie Yang
    310-279-5980

    Corporate Headquarters Address:
    3027 Townsgate Road, Suite 300
    Westlake Village, CA 91361