SOURCE: Beach Business Bank

Beach Business Bank

May 31, 2011 12:00 ET

Beach Business Bank Announces $6 MM Relationship With FDS Manufacturing Co.

LONG BEACH, CA--(Marketwire - May 31, 2011) - Beach Business Bank (OTCBB: BBBC), a full-service commercial and industrial business bank with offices in Manhattan Beach, Torrance, Long Beach, and Orange County, CA announced today that it recently closed a $6 million multi-loan credit facility with FDS Manufacturing Co.

Established in 1950, FDS Manufacturing Co. is a plastic and paper converter for industrial and agricultural products. Because of the diversification of FDS products and markets, their bank has to really understand their seasonal cash flow needs. FDS has been a major supplier of fruit and berry packaging to the western United States. Coming into 2011, FDS was expanding and so they needed a strong banking partner with the banking services to help FDS achieve their growth objectives.

Robert Stevenson, President of FDS, praised Beach Business Bank, saying, "Beach Business Bank stepped in when our existing bank could not understand how to help us move forward. Robert Franko, President of Beach Business Bank and Tom LaCroix, their Chief Lending Officer came up with a plan to combine SBA financing with conventional operating credit lines, so that we could get the credit facilities in place that we needed to be able to grow our business following the recession."

To run its business, FDS consumes significant amounts of electricity. Beach Business Bank took the time to understand this requirement, and helped FDS to finance a state of the art electrical co-generation system.

Kevin Stevenson, Vice President of Engineering at FDS, said, "We will be able to generate 540 kilowatts of clean electricity 24 hours a day, every day, right here on our site for our own usage. Because we collect and reuse all of the waste heat from the turbines in our material processing, we have a very small carbon footprint and lower cost per kilowatt-hour compared to other companies in our industry. This makes our manufacturing plant one of the most efficient in the country, and gives us a competitive advantage in the marketplace."

Beach Business Bank spent the time to understand the issues facing FDS and then responded with the banking solutions that FDS needed. "Our previous bank had told us to figure financing out for ourselves," says Robert Stevenson of FDS. "Beach Business Bank worked with us, recommended financing solutions, and then helped us put those credit facilities in place. Thanks to Beach Business Bank, we are calling employees back to work and looking forward to one of the most successful years in FDS' 60-year history. Beach Business Bank really is a value-added banking partner, and we appreciate the value they have added to our business."

"We are pleased that FDS has chosen Beach Business Bank for their credit and deposit services. They have an extraordinary business model, which is a tribute to the plant and equipment that Bob & Kevin have assembled. Their plant is efficient and environmentally friendly," said Robert Franko, President & CEO of Beach Business Bank.

Tom LaCroix, the Bank's Chief Lending Officer, commented, "FDS represents the perfect client for our Bank. They are successful, they are careful in their business practices, and they are committed to their employees and their customers. At Beach Business Bank, we know our business customers and we strive to ensure their success."

Beach Business Bank is headquartered in Manhattan Beach, and has offices in Long Beach, Torrance, and Costa Mesa, CA. The Bank is first and foremost a community business bank serving Southern California 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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