SOURCE: Focus Business Bank

August 22, 2007 12:00 ET

Focus Business Bank Earns SBA Preferred Lender Status

SAN JOSE, CA--(Marketwire - August 22, 2007) - Focus Business Bank (OTCBB: FCSB) has been approved by the Small Business Administration to receive the Preferred Lenders Program (PLP) status.

Richard L. Conniff, President and Chief Executive Officer, commented, "We are honored to be designated as a member of the SBA's Preferred Lenders Program. SBA lending is a natural extension of the Bank's commitment to meeting the needs of closely held businesses. We feel fortunate to achieve PLP status after starting the SBA Group in March of this year. This is an acknowledgement of the efforts of Brad Lebsack and Larry Buyers."

"We've worked hard to build a business that responds quickly to the needs of our clients while meeting the standards of the SBA," said Senior Vice President Brad Lebsack, SBA Loan Manager. "This means that Focus Business Bank has the authority to approve certain loan requests on behalf of the SBA, which results in a quicker turn around time for loan approvals and funding."

For information about SBA lending, contact Brad Lebsack, Senior Vice President SBA Loan Manager, or Larry Buyers, Vice President, at 408.288.5900.

Focus Business Bank is dedicated to meeting the banking needs of closely held businesses and entrepreneurs in Santa Clara County. The Bank has one office located in downtown San Jose, California and offers a variety of commercial banking products including loans, deposits and cash management services oriented toward closely held businesses and their owners. The Bank specializes in commercial loans, SBA 7a and 504 loans and interim construction loans.

This release may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, including the real estate market in California and other factors beyond the Bank's control. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. Readers should not place undue reliance on the forward-looking statements, which reflect management's view only as of the date hereof. The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

Contact Information

  • Contact:
    Richard L. Conniff
    President and Chief Executive Officer
    408.200.8701
    Email Contact