News

James B. Jones Appointed Chairman of the Board at Professional Business Bank

PASADENA, CALIF., June 15, 2011 –The board of directors of Professional Business Bank, a Pasadena, Calif.-based bank that serves business customers in the San Gabriel Valley, has named James B. Jones as board chairman. Jones has been a member of the board of directors for the past two years and is executive vice president of Carpenter & Company, the Irvine, Calif.-based bank advisory and private equity firm.

David T. Blankenhorn, previous board chairman of Professional Business Bank and California General Bank prior to the December 2010 merger of the two Pasadena-based banks, will remain a director of Professional Business Bank.

"Jim Jones brings a tremendous amount of banking experience to the leadership and oversight of Professional Business Bank," said Mary Lynn Lenz, chief executive officer of Professional Business Bank.

Jones assumes the chairmanship at Professional Business Bank as the bank undergoes a new rebranding campaign marking the bank's continued commitment to serving business customers throughout the San Gabriel Valley and Tri-Cities area. The bank has also recently made several key senior management hires including John Nerland as president and chief banking officer and Michael Tyminski as chief credit officer.

Professional Business Bank specializes in serving small to mid-sized businesses, including medical professionals, professional service providers such as attorneys and CPAs, manufacturing firms and various other regional businesses. The bank prides itself on the high level of personal attention and accessibility it provides to its business banking customers.

"We continue to offer a one-to-one, personal approach with our customers that we feel is unmatched by the larger banks," said Lenz.

About Professional Business Bank
Professional Business Bank is a full-service financial institution that serves the personal and business banking needs of Southern California businesses with an emphasis on companies located throughout the San Gabriel Valley and the Tri-Cities area. Professional Business Bank operates four branches located in both central and east Pasadena, Montebello and Glendale.

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 describe future plans, strategies and expectations. Forward-looking statements are based on currently available information, expectations, assumptions, projections, and management's judgment about Professional Business Bank ("PBB"), 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: PBB'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 PBB conducts its operations; changes in interest rates; new litigation or changes in existing litigation; future credit loss experience; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect PBB'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.