SOURCE: First California Financial Group

First California Financial Group

March 21, 2011 07:05 ET

First California Promotes Two Senior Executives

Ron Santarosa Becomes Chief Operating Officer in Addition to His Duties as CFO; Bill Schack Named EVP and Will Retain Responsibilities as Chief Credit Officer

WESTLAKE VILLAGE, CA--(Marketwire - March 21, 2011) - First California Financial Group, Inc. (NASDAQ: FCAL) today announced the promotion of Romolo (Ron) C. Santarosa to senior executive vice president and chief operating officer, a newly created position. Santarosa will retain his responsibilities as chief financial officer.

The bank also promoted its chief credit officer, William (Bill) A. Schack, to executive vice president.

"Both Ron and Bill are talented, proven executives and strong leaders," said C. G. Kum, president and chief executive officer. "Their promotions reflect First California's growth and development and the company's positive outlook over the coming years. Their well-deserved promotions validate the hard work and dedication they have demonstrated in their long tenure with First California."

Santarosa has served as chief financial officer since joining the company in 2002. Schack joined First California in 2005 as senior vice president, credit administration and was promoted in 2009 to senior vice president, chief credit officer.

About First California

First California Financial Group, Inc. (NASDAQ: FCAL) is the holding company of First California Bank. Celebrating 32 years of business in 2011, First California is a regional force of strength and stability in Southern California banking with assets of approximately $1.9 billion and led by an experienced team of bankers. The company specializes in serving the comprehensive financial needs of the commercial market, particularly small- and middle-sized businesses, professional firms and commercial real estate development and construction companies. Committed to providing the best client service available in its markets, First California offers a full line of quality commercial banking products through 19 full-service branch offices in Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Luis Obispo and Ventura counties. The holding company's Web site can be accessed at www.fcalgroup.com. For additional information on First California Bank's products and services, visit www.fcbank.com.

Contact Information

  • For further Information:

    At the Company:
    Ron Santarosa
    805-322-9333

    At PondelWilkinson:
    Robert Jaffe
    310-279-5980

    Corporate Headquarters Address:
    3027 Townsgate Road, Suite 300
    Westlake Village, CA 91361