SOURCE: Beach Business Bank

Beach Business Bank

April 15, 2009 14:49 ET

Maggie Hender Joins Beach Business Bank

MANHATTAN BEACH, CA--(Marketwire - April 15, 2009) - Beach Business Bank (OTCBB: BBBC) (the "Bank") is pleased to announce the appointment of Maggie Hender as Vice President and Relationship Manager in the Corporate Banking Group.

Maggie has concentrated on the needs of middle market business clients in Long Beach and Orange County for the past twenty years, developing and managing relationships with corporate clients, including equipment manufacturers, distributors, law firms, and medical professionals. She joins the Corporate Banking Group in our Long Beach office after spending the past nine years at First Bank in Long Beach. Maggie will report to Tom LaCroix, Beach Business Bank Executive Vice President and Chief Lending Officer. Maggie has previously worked closely with Tom, and also with Fred Jensen, a distinguished Long Beach Banker and currently a Director of the Bank as well as Chairman of its Audit Committee.

Robert Franko, CEO and President of the Bank, said, "We are thrilled to be able to recruit an experienced banker like Maggie for our team. She brings the experience and the dedication to her clients that those clients value so much in these uncertain times."

Employed in the banking industry since 1975, Maggie has not only been involved in corporate banking, but has managed loan servicing departments and numerous credit administrative functions. "Maggie will be a valuable addition to the Corporate Banking staff located in the Long Beach office and we are extremely pleased to welcome her to the Bank," said Jim Gray, Chairman of the Bank.

Beach Business Bank is headquartered at 1230 Rosecrans Avenue, Lobby Level, in Manhattan Beach, and has a second full-service office at 180 E. Ocean Blvd. in Long Beach, CA. The Bank is first and foremost a community business bank serving Los Angeles, Long Beach, and the 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. The Bank makes a special effort to serve minority-owned businesses. For more information on the Bank, please visit or call 866-862-3878 or 310-536-2260; in Long Beach, call 562-435-8600.

"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.

Contact Information