SOURCE: Beach Business Bank

June 12, 2007 14:03 ET

Beach Business Bank Welcomes New Chief Lending Officer

MANHATTAN BEACH, CA--(Marketwire - June 12, 2007) - Beach Business Bank (OTCBB: BBBC) (the "Bank") has announced the appointment of Thomas LaCroix as Senior Vice President and Chief Lending Officer. Mr. LaCroix was most recently with Security Pacific Bank in Seal Beach. A prominent member of the South Bay and Long Beach community, Mr. LaCroix has been banking businesses in the area for more than 30 years.

"Tom has been instrumental in the loan and deposit growth of the banks where he has worked and we expect him to hit the ground running with us," said Robert Franko, president & chief executive officer of Beach Business Bank. "We are pleased to be able to recruit such an experienced and proven leader in our market area. We know that Tom has a very loyal following of clients whom he has served over past decades. Tom will continue to expand the core banking business we have started to develop in the South Bay and Long Beach markets."

"We have been anxious to build deposits and generate commercial & industrial loans in our local markets. Tom brings us a wealth of experience and results that dovetail perfectly with the business model we have created here over the past three years," said Phil Bond, executive vice president & chief credit officer of Beach Business Bank. "I have known Tom for years and I really respect his credit judgment and business development skills. With Tom as a member of our senior management team, I believe we can really move Beach Business Bank to the next level."

"I can't tell you how delighted I am to be working with Tom," said Jim Gray, the chairman of the Bank. "I have seen Tom's work when he was a competitor for many years, and I am thrilled that we are now working together. I feel certain that Tom will expand our core deposit base and really develop the Bank's commercial & industrial loan portfolios, areas where Tom has particularly excelled in the past."

"I have already started to hear from my many friends and clients. And, they are all thrilled to hear that I have joined one of the fastest growing and most successful banks in Southern California," said Mr. LaCroix. "Beach Business Bank has a terrific reputation in both the industry and the community. The Board and management team are outstanding and I feel certain that together we will make a tremendous impact together."

Beach Business Bank is headquartered at 1230 Rosecrans Avenue, Lobby Level, in Manhattan Beach, and has a second full-service office at 180 East Ocean Boulevard, Lobby Level, in Long Beach. The Bank is first and foremost a community business bank serving Los Angeles, Long Beach, and South Bay area 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), 504 and Express lending programs. For more information on the Bank, please visit 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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