Security Bank of California Opens New Branch in Downtown Redlands

Mon Jul 6, 2009 8:22pm EDT
 
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RIVERSIDE, Calif.--(Business Wire)--
Security Bank of California recently announced the July 8, 2009 opening of its
new branch in downtown Redlands. Located at 201 E State Street, the branch will
be a full service banking office, offering a wide array of financial products
and services. 

In keeping with the bank`s commitment to local, personalized service for its
clients, the branch will be led by two Redlands banking professionals. Beth
Sanders, who brings over 35 years of banking experience, all in Redlands, will
be joined by Brent Coats, who has over 28 years of banking experience. 

Ms. Sanders commented, "We are well positioned to pick up the role of a true
community bank - one that meets the needs and reflects the value of our town."
"Security Bank of California has deep ties to Redlands through its board members
and bank organizers who have demonstrated a long standing commitment to our
community," added Sanders. 

James A Robinson, Chairman and Chief Executive Officer, stated that, "The Board
has always looked to Redlands as a strategic part of the bank`s footprint." We
are very excited to become a visible part of this vibrant community." 

Security Bank of California opened for business on June 20, 2005, and is
headquartered in downtown Riverside, with full service banking offices in
Riverside and San Bernardino. The Bank reported Total Assets of $258 million as
of March 31, 2009. The Bank is well capitalized, reporting a total risk based
capital ratio of 17.52%, nearly twice the regulatory standard for a "well
capitalized" institution. Security Bank of California is a wholly owned
subsidiary of Security California Bancorp and is traded on the Over the Counter
Bulletin Board under the symbol, SCAF.OB. 

This release may contain forward-looking statements that are subject to risks
and uncertainties. Such risks and uncertainties may include but are not
necessarily limited to fluctuations in interest rates, inflation, government
regulations and general economic conditions, and competition within the business
areas in which the Bank is conducting its operations, including the real estate
market in California and other factors beyond the Bank`s control. Such risks and
uncertainties could cause results for subsequent interim periods or for the
entire year to differ materially from those indicated. Readers should not place
undue reliance on the forward-looking statements, which reflect management`s
view only as of the date hereof. The Bank undertakes no obligation to publicly
revise these forward-looking statements to reflect subsequent events or
circumstances. 





Security Bank of California
Michael Vanderpool, President & COO, 951-368-2267
Thomas M. Ferrer, EVP & CFO, 951-368-2268




Copyright Business Wire 2009

 

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