SOURCE: Plaza Bank

Plaza Bank

August 16, 2016 14:56 ET

Plaza Bank Hires Phil Mulder as Vice President and Business Development Officer, SBA and Commercial Lending

IRVINE, CA--(Marketwired - Aug 16, 2016) - Plaza Bank (OTCBB: PLZZ) (the "Bank") is pleased to announce it has hired Phil Mulder as Vice President and Business Development Officer, SBA and Commercial Lending. In this new role, Mr. Mulder will focus on growing Plaza Bank's portfolio by developing its new commercial loan business.

Mr. Mulder joined Plaza Bank on July 18, 2016, and is based in the Inland Empire. He brings a wealth of SBA lending expertise to the Bank, with more than 20 years of experience specifically in SBA Certified Development Company (CDC)/504 lending.

Prior to joining Plaza Bank, Mr. Mulder was Senior Commercial Loan Officer for CDC Small Business Finance, the number one SBA CDC/504 lender in the U.S. While there, Mr. Mulder served the financing needs of small business primarily throughout Southern California with fixed-rate, low down payment, commercial real estate loans for the purchase of office and industrial buildings. Before that, he spent three years as Business Banking Officer at Wells Fargo Bank.

"We are thrilled to have Phil join the Plaza Bank family," said Gene Galloway, President and CEO of Plaza Bank. "His hiring further underscores our focus on adding specific talent and expertise to serve the needs of our clients. We see significant growth potential with SBA CDC/504 lending, and we look forward to Phil's leadership and execution in helping to grow this business at Plaza Bank."

"Plaza Bank has a strong foundation in SBA and commercial lending, with competitive rates and the ability to structure deals for clients' unique requirements," Mr. Mulder said. "I'm excited to work with Plaza Bank's talented team in providing financing that helps clients grow their companies, particularly the many small businesses who can benefit from SBA CDC/504 lending."

Mr. Mulder earned his B.A. degree in Business Administration from Dordt College in Iowa, and currently serves on the Endowment Committee of Redlands Christian School.

About Plaza Bank
Plaza Bank is 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.

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.

Contact Information

  • Media Contacts:
    Gene Galloway
    President and Chief Executive Officer
    (702) 277-2221 or (949) 502-4309
    Email Contact