SOURCE: Beach Business Bank

Beach Business Bank

January 24, 2012 12:00 ET

Beach Business Bank Officer Completes Rigorous Anti-Money Laundering Training

MANHATTAN BEACH, CA--(Marketwire - Jan 24, 2012) - Beach Business Bank (OTCBB: BBBC) (the "Bank"), is pleased to announce that Andrea Parker, AVP & Operations Risk Officer, has successfully completed a rigorous training program and earned the Certified Anti-Money Laundering Specialist, or CAMS, designation. Recognized worldwide by employers in both private industry and government and acknowledged by regulators and examiners, the CAMS credential denotes proven knowledge in the detection and prevention of money laundering. Ms. Parker joined the Bank in June 2010, and has proven to be a valuable asset in monitoring and controlling operational risks within the institution.

"Andrea has been a key player in our efforts to manage risk within our organization," said Melissa Rickabaugh, EVP and Senior Operations Officer of Beach Business Bank. "Fraud prevention is an important role within all financial institutions, and the prevention and detection of money laundering and other financial crimes is a key consideration in a bank's regulatory exams. Ms. Parker has proven herself to be very capable in maintaining these programs within our Bank. We are very proud of her accomplishment, and expect great things from her in the future."

"Andrea has done a great job in maintaining the risk prevention programs within the Bank," said Robert Franko, President & Chief Executive Officer of Beach Business Bank. "Bank examiners consider a bank's Anti-Money Laundering programs as a high priority. Ms. Parker's certification as an AML Specialist is a great achievement for her personally, and her enhanced knowledge will help us stay compliant with regulatory expectations. We all congratulate Andrea on this success."

Andrea Parker said, "I am thrilled to have passed this exam, and to have earned this CAMS designation. I am thankful to have had the support of Senior Management throughout this process and look forward to putting this new knowledge to work within the Bank."

Beach Business Bank is headquartered at 1230 Rosecrans Avenue, Lobby Level, in Manhattan Beach, and has two other full-service offices at 180 E. Ocean Blvd. in Long Beach, CA and at 650 Town Center Drive in Costa Mesa, CA. The Bank is first and foremost a community business bank serving Los Angeles, Long Beach, the South Bay and Orange County 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 7(a) and Express lending programs. For more information on the Bank, please visit or call toll-free to (866) 862-3878.

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

The financial information in this press release is based on our unaudited financial results. Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank's business, and the intent, belief, and current expectations of the Bank, its directors, or its officers, 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 Bank's actual results may differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties that the Bank is subject to include, but are not limited to, risks related to the local and national economy, including fluctuations in interest rates and costs and changes in economic policy; the ability of the Bank to perform in accordance with its plans; competition; regulatory matters; and other risks detailed in its filings with the State of California Department of Financial Institutions and the Federal Deposit Insurance Corporation. 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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