RIVERSIDE, Calif.-( Business Wire )-
Security Bank of California, the wholly-owned subsidiary of Security California Bancorp (OTCBB:SCAF), announced the completion of its acquisition of Universal Bank’s Orange Office, effective February 3, 2012. The Branch will open as the newest office of Security Bank of California on Monday, February 6, 2012.
“We are very proud to open our first location in Orange County, and under the leadership of Senior Vice President Peter Meyers, we are excited about the opportunities that this new location will bring to our clients,” said James A. Robinson, Chairman and CEO of the Bank and the Bank Holding Company.
Joining Peter will be the entire staff of the former Universal Bank Orange Office.
“I am very pleased to be returning to the Orange market and am committed to bringing our strong community focused approach to banking,” commented Peter Meyers, who will serve as the Bank’s Regional manager.
The Orange office is located at 1249 E. Katella Ave, Orange, Ca.
Security California Bancorp, which is traded on the Over the Counter Bulletin Board under the symbol SCAF.OB, started June 20, 2005. It offers personalized banking services and products to businesses and individuals through full-service offices in Riverside, San Bernardino, and Redlands and now in Orange. The bank also has a loan production office in Irwindale. As of December 31, 2011 the Bank reported Total Assets of $413 million.
Visit us at www.securitybankca.com.
Security Bank of California
Forward Looking Statement Disclaimer –
General Form 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 California BancorpThomas M. Ferrer, Executive Vice President & CFO951firstname.lastname@example.org