SOURCE: Plaza Bank

Plaza Bank

March 01, 2017 10:00 ET

Plaza Bank Hires Heather Hinrichs as Senior Vice President and Director of Asset-Based Lending

IRVINE, CA--(Marketwired - Mar 1, 2017) - Plaza Bank (OTC PINK: PLZZ) (the "Bank") is pleased to announce it has hired Heather Hinrichs as Senior Vice President and Director of Asset-Based Lending (ABL). In this role, she is responsible for expanding Plaza Bank's ABL business, a specialized method of lending and key growth area for the Bank.

Ms. Hinrichs is based in El Segundo and serves clients throughout Southern California with an expanding full-service solutions support team. An expert in asset based, she applies her creative banking practices to help small- and medium-sized businesses to address their various business and financial needs with loans up to $25 million.

Prior to joining Plaza Bank in January, 2017, Ms. Hinrichs was the Founding Partner for Coco Capital, a boutique investment bank in Los Angeles and New York brokering asset-based and cash flow loans to commercial finance companies, banks, and alternative lenders. Before that, Ms. Hinrichs held various positions with Wells Fargo Bank, Summit Investment (Fortress JV), and FGI, where she completed transactions in asset-based lending, distressed debt, and international lending.

"We are excited to expand our asset-based lending business and believe Heather is exactly the person our clients have been waiting for," said Rick Sowers, President of Plaza Bank. "Her background working with lenders and capital providers over the last 15 years gives her a broad and deep network unmatched in this space."

"I'm grateful to work with such a talented group of banking professionals dedicated to our clients' success," said Ms. Hinrichs. "Our ABL team is focused on serving a market that has been largely underserved, providing Plaza Bank clients with the capital needed to grow their businesses and reach their full potential."

Ms. Hinrichs, who holds Series 79 and 63 licenses, earned a B.A. in Economics from the University of Colorado Boulder and an M.B.A. from Regis University. Outside of work, she enjoys spending time with her twin girls, cooking, skiing, and practicing yoga.

About Plaza Bank
Plaza Bank is a full service community bank serving the business and professional communities in Southern California and Las Vegas, Nevada. The Bank is committed to meeting the financial needs of small to middle market businesses and professional firms with loans for working capital, equipment and owner-occupied commercial real estate financing and a full array of cash management services. Our bankers are experienced, professional and knowledgeable. For more information, visit www.plazabank.com. FDIC. Equal Housing Lender.

Forward-Looking Statements
Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbors created by that Act. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements are based on currently available information, expectations, assumptions, projections, and management's judgment about the Bank, the banking industry and general economic conditions. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.

Forward-looking statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this press release. Factors that might cause such differences include, but are not limited to: the Bank's ability to successfully execute its business plans and achieve its objectives; changes in general economic, real estate and financial market conditions, either nationally or locally in areas in which the Bank conducts its operations; changes in interest rates; new litigation or claims or changes in existing litigation or claims; future credit loss experience; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Bank's operations or business; loss of key personnel; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; and the ability to satisfy requirements related to the Sarbanes-Oxley Act and other regulation on internal control.

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