IRVINE, CA--(Marketwired - Dec 4, 2013) - Plaza Bank (
"We're offering support that is so often unavailable to small and midsize businesses," said Gene Galloway, President and CEO of Irvine-based Plaza Bank. "We believe this will help businesses in our community, and it will strengthen our economy. Exports create U.S. jobs. They bring dollars in from other countries. Small businesses have a role to play in trade and we can help."
Galloway said larger banks may not be interested in dealing with small and midsize businesses for loans of this type. And there are less than five California and Nevada-based community banks with the expertise to handle export-related loans.
"We've made the investment to have the talented, export-savvy people our clients will need," Galloway said. "And export businesses will find they'll get the same responsive, personalized service all our clients get from Plaza Bank."
The export loan program will be led by Vice President Eric Fenmore, who has more than 20 years of experience lending to exporters. Fenmore will work with his network, the business community and clients to provide a knowledge base in the market for these programs. He added that businesses that are direct exporters or that are contractors to other exporters will be eligible for the new financing and loans.
"Plaza Bank is an accomplished and acclaimed leader in SBA lending," Fenmore said. "This is a similar type of program and we have the high level people involved to offer support that is normally not available to small and midsize businesses. We see this as another key way we're helping out small businesses and our community."
About Plaza Bank
Plaza Bank (PLZB.OB) is a full service community bank serving the business and professional communities in Southern California and Las Vegas, Nevada. The Bank is committed to meeting the financial needs of small to middle market businesses and professional firms with loans for working capital, equipment and owner-occupied commercial real estate financing and a full array of cash management services. Our bankers are experienced, professional and knowledgeable. For more information, visit www.plazabank.net or call President and CEO Gene Galloway at (949) 502-4309.
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 are based on currently available information, expectations, assumptions, projections, and management's judgment about the Bank, 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: the Bank'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 the Bank 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 the Bank'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.