SOURCE: 1st Enterprise Bank

November 01, 2007 18:30 ET

Marshall V. Laitsch Joins the 1st Enterprise Bank Professional Team

LOS ANGELES, CA--(Marketwire - November 1, 2007) - 1st Enterprise Bank (the Bank) (OTCBB: FENB) today announced Marshall V. Laitsch has joined the bank as a Senior Advisor. In this capacity, Mr. Laitsch will assist executive and line management with market penetration, strategic planning and consultation, and staff development. Prior to joining the bank, Mr. Laitsch served as President of the Southern California Division of Placer Sierra Bank which was recently sold to Wells Fargo Bank. Mr. Laitsch has over 35 years of commercial banking experience that has included positions as President and CEO of Sunwest Bank and President and CEO of Pacific Century Bank. He has also held senior management positions with Union Bank of California, Citibank, and Crocker Bank. He began his banking career in Chicago at Continental Illinois National Bank & Trust Company.

"We are very pleased to have been able to attract Marshall Laitsch to our bank. His 26 years of commercial banking experience in southern California combined with his executive management experience and connections to the communities we serve will provide us with an extraordinary opportunity to expand our presence in Orange and Los Angeles county," said Brian Horton, President of 1st Enterprise Bank.

John Black, Chief Executive Officer, added, "The bank looks forward to benefiting from the many years of experience that Marshall has in growing three successive local community business banks that served the same markets that we serve."

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:
    Brian Horton

    John Black