SOURCE: First California Financial Group

First California Financial Group

June 20, 2011 20:30 ET

First California Receives Approval to Participate in SBLF

WESTLAKE VILLAGE, CA--(Marketwire - Jun 20, 2011) - First California Financial Group, Inc. (NASDAQ: FCAL), the holding company of First California Bank, said it has received approval from the U.S. Department of the Treasury for participation in the Small Business Lending Fund (SBLF), subject to the Treasury's customary due diligence and closing conditions. The SBLF is Treasury's effort to bring Main Street banks and small businesses together to help create jobs and promote economic growth in local communities. First California will use the SBLF proceeds for the repayment of the $25 million of outstanding preferred shares issued under the Treasury's Capital Purchase Program (CPP) and anticipates that the transaction will close within 30 days.

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 $1.8 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

  • At the Company:
    Ron Santarosa
    805-322-9333

    At PondelWilkinson:
    Robert Jaffe
    310-279-5969

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