1st Century Bank Chief Financial Officer, Bradley Satenberg, Named a Finalist in the Los Angeles Business Journal CFO of the Year Awards for 2013

Fri Sep 6, 2013 7:11pm EDT

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LOS ANGELES, Sept. 6, 2013 (GLOBE NEWSWIRE) -- 1st Century Bancshares, Inc. (Nasdaq:FCTY), the holding company for 1st Century Bank, N.A. (the Bank), is honored to announce that Bradley Satenberg, the Bank's Chief Financial Officer, is a finalist in the Los Angeles Business Journal's "CFO of the Year Awards" for 2013. 

The award honors financial professionals in the Los Angeles area for outstanding performance in the role as financial steward of their company. This is the second time Mr. Satenberg has been honored as a finalist. 

"We are very proud of Mr. Satenberg and his accomplishments at 1st Century Bank," said President, Jason DiNapoli. "He joined 1st Century Bank, N.A. in late 2009 and serves as Executive Vice President and Chief Financial Officer of the Bank and the Bank's holding company, 1st Century Bancshares, Inc. Brad has a wealth of experience and has effectively and successfully helped the Bank achieve record levels of growth. In addition, he manages a finance team that has been instrumental in successfully navigating the Bank through an interesting and challenging financial period."

About 1st Century Bancshares, Inc.

1st Century Bancshares, Inc. is a publicly owned company traded on the NASDAQ Capital Market under the symbol "FCTY." The Company's wholly-owned subsidiary, 1st Century Bank, N.A., is headquartered in the Century City area of Los Angeles, with a full service business bank in Century City, CA, and a relationship office in Santa Monica, CA. The Bank's primary focus is serving the specific banking needs of entrepreneurs, professionals and small businesses with the personal service of a traditional community bank, while offering the technologies of a big money center bank. The Company maintains a website at www.1cbank.com. By including the foregoing website address link, the Company does not intend to and shall not be deemed to incorporate by reference any material contained therein.

CONTACT: Alan I. Rothenberg Chairman/Chief Executive Officer
         Phone: (310) 270-9501
         
         Jason P. DiNapoli
         President/Chief Operating Officer
         Phone: (310) 270-9505