SOURCE: Plaza Bank

Plaza Bank

July 27, 2015 22:00 ET

Plaza Bank Promotes Al De Grassi to Senior Vice President-Group Manager

IRVINE, CA--(Marketwired - Jul 27, 2015) - Plaza Bank (OTCBB: PLZB) is pleased to announce it has promoted Al De Grassi to Senior Vice President-Group Manager, effective immediately. In his new role, Mr. De Grassi will be responsible for the growth and maintenance of Plaza Bank's portfolio quality across the Orange County and Las Vegas markets.

Mr. De Grassi has worked for Plaza Bank since 2009, most recently as Senior Vice President in the Bank's Irvine office, where he generated and provided banking services to small, predominantly family-owned businesses in Southern California. During that time, he helped develop key client relationships and build a large portfolio of deposits and credit commitments.

"Al has been instrumental in helping Plaza Bank grow our business throughout Southern California, and we look forward to him helping to further strengthen our position in our additional key markets," said Gene Galloway, President and CEO of the Bank. "Al epitomizes the strong leadership and performance that has kept Plaza Bank at the forefront of community banking in our region."

"I look forward to working with our relationship management teams in Orange County and Las Vegas to sustain and build on the momentum Plaza Bank has created in these markets," Mr. De Grassi said. "Our team approach to executing a focused, niche strategy; will enable us to continue providing the best solutions to small businesses, further driving the growth and success for the Bank and our clients."

Mr. De Grassi has been involved in community banking since 1983. He earned his B.A. and M.S degrees from the University of California, Irvine, and remains active in various business and community organizations. He and his wife, Susan, live in Laguna Hills and have four sons.

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.

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

    Erich Bollinger
    Executive Vice President and Chief Banking Officer
    (949) 225-3704
    Email Contact