SOURCE: Focus Business Bank

Focus Business Bank

June 24, 2014 17:00 ET

Karl T. Lofthouse Joins Focus Business Bank as Vice President, HOA Specialty Lender

SAN JOSE, CA--(Marketwired - Jun 24, 2014) - Focus Business Bank (OTCQB: FCSB) announced that Karl T. Lofthouse has joined the Bank as vice president, HOA specialty banking lender. This announcement was made by Teresa Powell, executive vice president of Focus Business Bank.

"We are extremely fortunate to have someone of Karl's experience in banking and working knowledge of the HOA industry as part of our growing team," stated Powell. "He brings to the bank over 25 years of banking experience, providing and assisting associations with the necessary financing needed to maintain property values. His talents strengthen our mission to provide clients with bankers who have an extensive understanding of the financial needs and challenges of the HOA industry," concluded Powell.

Prior to joining Focus Business Bank, Mr. Lofthouse was with First Bank as an HOA loan originator and underwriter. He also served in the same capacity with Wells Fargo Bank and Bank of San Francisco, where in addition to his lending responsibilities he managed the Bank of San Francisco's HOA banking department.

Chairman and Chief Executive Officer, Richard Conniff, stated, "The bank is committed to meeting the financial needs of the HOA industry. This commitment is demonstrated with the continued, unprecedented growth the bank is achieving in meeting the needs of our HOA clients. Mr. Lofthouse's lending experience complements our strengths of providing operating, reserve planning and cash management solutions to the HOA industry."

Mr. Lofthouse has over seventeen years associated within the HOA industry as an owner, board member and banker. He currently serves on the boards of Heather Farms HOA and the Educational Community of Homeowners (ECHO). He has served on numerous ECHO resource panels, marketing and succession committees and is a noted speaker at several industry related events, seminars and tradeshows.

Contact Information

  • For Information Contact:
    Teresa Powell
    Executive Vice President
    direct: 408.200.8712
    email: Email Contact