SOURCE: Beach Business Bank

Beach Business Bank

March 09, 2011 09:00 ET

Beach Business Bank Welcomes Experienced Bay Cities Commercial Banking Team

MANHATTAN BEACH, CA--(Marketwire - March 9, 2011) - Beach Business Bank (OTCBB: BBBC) (the "Bank"), has announced the appointment of Mark S. Smith as Executive Vice President & South Bay Market Executive. In addition to Mr. Smith, the Bank has hired Nicole Swain as Vice President & Senior Commercial Relationship Manager. Together, they will work as a business banking team from the Bank's Loan Production Office in Torrance, CA. Prior to joining the Bank, Mark and Nicole were long-time employees of Bay Cities National Bank (recently acquired by Opus Bank). Mr. Smith has been banking businesses and high-net-worth individuals in the South Bay Cities for more than 25 years.

"Mark and Nicole are extremely well-regarded in the South Bay and are well-known for providing outstanding client service. I respected them as able competitors and we are thrilled to have them now as our team members," said Robert Franko, president & chief executive officer of Beach Business Bank. "We know that this team has a very loyal following of clients, whom they have served over the past decades, and we hope that many of those clients will follow them to Beach Business Bank. Our complete suite of sophisticated business banking products will allow their future clients to be even more competitive."

"We have been anxious to build deposits and generate commercial & industrial loans in our local markets," said Mark Smith. "Beach Business Bank products like image deposit, the Beach Cities Saving Account, and revolving lines of credit will allow our new clients to grow and succeed as this business recovery takes hold in California."

Nicole Swain said, "I can't wait to be able to offer all of these new and innovative banking products to our clients. We watched Beach Business Bank grow from afar, and now we are thrilled to be part of their successful business banking team. I have already started to hear from my many friends and clients. They are all thrilled to hear that I have joined one of the fastest growing and most successful banks in Southern California."

Beach Business Bank is headquartered at 1230 Rosecrans Avenue, Lobby Level, in Manhattan Beach, and has a full-service office at 180 East Ocean Boulevard, Lobby Level, in Long Beach, and in Costa Mesa at 650 Town Center Drive, Suite 150. The Bank's Loan Production Office in Torrance should be open at the beginning of April. 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), 504 and Express lending programs. For more information on the Bank, please visit www.beachbusinessbank.com or call toll-free (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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