First California Selects New Headquarters Location
21 Diciembre 2007 - 3:00PM
Marketwired
LOS ANGELES, CA announced that its bank subsidiary, First
California Bank, has signed a 10-year lease agreement for 22,000
square feet of office space for its headquarters in the Westlake
Park Place, 3057 Townsgate Road, in Westlake Village, Cal.
Following the March 2007 merger of three banks that created First
California Financial, the company has been looking for an optimal
headquarters facility. The building leased by First California is
scheduled for completion in first quarter 2008.
"The new headquarters will enable us to centralize a number of
operations and activities and be more efficient," said C. G. Kum,
president and CEO. "We have located corporate activities in several
of our buildings until we found the right central facility to suit
our needs. We also believe a headquarters location in the
fast-growing Conejo Valley Technology Corridor will generate
business opportunities and facilitate our company's growth and
access to key communities."
Westlake Park Place is an eight-building complex adjacent to US
Highway 101, a main artery for most of the communities served by
First California's 12 full-service branches. Westlake Village is
close to FCAL's most northern locations in Camarillo, Thousand
Oaks, Ventura and Simi Valley, and closer to its southerly
locations in Encino, Century City and Torrance than the previous
corporate headquarters in Camarillo.
The location offers state-of-the-art technology and
telecommunications to support First California's operations,
convenient free parking, attractive Mediterranean style
architecture and the latest in energy efficient design and
mechanicals. Upon receiving regulatory approval, First California
will move its headquarters to this facility.
About First California
First California Financial Group, Inc. (NASDAQ: FCAL) is an
emerging force in Southern California banking. With assets
exceeding $1 billion, the company operates throughout Southern
California, primarily under the First California Bank brand. The
bank's focus is the commercial market, particularly small and
middle-sized businesses and commercial real estate, development and
construction concerns. With a commitment to provide the best client
service available in its markets, the bank offers a full line of
quality commercial banking products through 12 full-service branch
offices and one loan production office. The holding company's
website can be accessed at www.fcalgroup.com. For additional
information on First California Bank's products and services, visit
www.fcbank.com.
Forward-Looking Information
This press release contains certain forward-looking information
about First California that is intended to be covered by the safe
harbor for "forward-looking statements" provided by the Private
Securities Litigation Reform Act of 1995. All statements other than
statements of historical fact are forward-looking statements, and
include statements related to the hiring of a new executive vice
president and chief credit officer and his incorporation into the
management team of First California, the operation and oversight of
First California's credit administration department and
opportunities to grow First California's loan portfolio. Such
statements involve inherent risks and uncertainties, many of which
are difficult to predict and are generally beyond the control of
First California. First California cautions readers that a number
of important factors could cause actual results to differ
materially from those expressed in, or implied or projected by,
such forward-looking statements. Risks and uncertainties include,
but are not limited to, the impact of the current national and
regional economy on small business loan demand in Southern
California, loan delinquency rates, the ability of First California
and its subsidiaries to retain customers, interest rate
fluctuations and the impact on margins, demographic changes, demand
for the products and services of First California and its
subsidiaries, as well as their ability to attract and retain
qualified people, competition with other banks and financial
institutions, and other factors. If any of these risks or
uncertainties materializes or if any of the assumptions underlying
such forward-looking statements proves to be incorrect, First
California's results could differ materially from those expressed
in, or implied or projected by such forward-looking statements.
First California assumes no obligation to update such
forward-looking statements. For a more complete discussion of risks
and uncertainties, investors and security holders are urged to read
the section titled "Risk Factors" in First California's Annual
Report on Form 10-K and any other reports filed by it with the
Securities and Exchange Commission ("SEC"). The documents filed by
First California with the SEC may be obtained at the SEC's website
at www.sec.gov. These documents may also be obtained free of charge
from First California by directing a request to: First California
Financial Group, Inc., 1880 Century Park East, Suite 800, Los
Angeles, CA 90067. Attention: Investor Relations. Telephone (310)
282-6703.
At the Company: Ron Santarosa 805-322-9333 At The Investor
Relations Company: Tad Gage or Woody Wallace 312-245-2700 Corporate
Headquarters Address: 1880 Century Park East, Suite 800 Los
Angeles, CA 90067
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