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First Choice Bancorp Announces Multiple Promotions

CERRITOS, CALIFORNIA, March 19, 2019 (GLOBE NEWSWIRE) -- (Nasdaq Capital Markets: FCBP) - First Choice Bancorp, the holding company for First Choice Bank (the “Bank” or “FCB”), announced today multiple promotions within the Bank’s Note, Operations, BSA, Credit Administration and Risk departments.

Chairman Peter Hui said, “Each of these promotions is well-deserved and will broaden our leadership team here at the Bank. These individuals have been instrumental to the growth of FCB, and we are proud to recognize their contributions to our firm’s success.”

President & CEO Robert Franko added, “These promotions reflect the Bank’s commitment to excellence and to prioritizing our team members, while strengthening our succession planning. We believe that talent and hard work by our employees should be rewarded, and we are thrilled to promote team members who have gone above and beyond, as these individuals have.”

The professionals who have been promoted are: Kassandra (KC) Castellanos to Private Banking Officer; Melissa Dowler to Vice President/Branch Operations Liaison Officer; Jane Fang to First Vice President/BSA Officer; Tamika Gaines to Senior Loan Processor; Vanessa Gomez to First Vice President/Portfolio Manager; Mary Jane (MJ) Himmelstein to Vice President/Assistant Loan Servicing Manager; Sejal Hira to First Vice President/Risk Modeling Manager; Due Jung to Project Management/Cybersecurity Specialist; Kathryn Leu to First Vice President/Treasury Services Manager; Angel Leung to Assistant Vice President/Client Services Officer; Matt Lorenzi to Vice President/Portfolio Manager; Alicia Madrigal to First Vice President/Loan Processing Manager; Ashley Matyuch to Vice President/Assistant BSA Officer; Kate McCloskey to Vice President/SBA Portfolio Administrator; Amanda Mu to Assistant Vice President/Credit Portfolio Reporting Analyst; Sarah Patton to Operations Officer; Rajeev Rangaraj to Vice President/Portfolio Manager; Adam Richardson to Vice President/Underwriting Team Lead; Francesca Rivera to Assistant Operations Officer; Gloria Rozmajzl to Vice President/SBA Portfolio Manager; Sandra Sheffield to Senior Vice President/Special Assets Portfolio Manager; Jeffrey Su to Senior BSA Analyst; Elisa Vega to Senior Loan Servicing Officer; Grace Yang to Senior BSA Analyst; and Jennifer Yang to Senior Loan Servicing Officer.

About First Choice Bancorp

First Choice Bancorp is a community-based bank holding company headquartered in Cerritos, California, and it is the sole shareholder of First Choice Bank. As of December 31, 2018, First Choice Bancorp had total assets of approximately $1.6 billion. First Choice Bank, headquartered in Cerritos, California is a community-focused financial institution, serving primarily commercial and consumer clients in diverse communities and specializing in loans to small businesses, private banking clients, commercial and industrial loans, and commercial real estate loans with a niche in providing financing for the hospitality industry. First Choice Bank is a Preferred Small Business Administration (SBA) Lender. First Choice Bank conducts business through 11 full service branches, and 1 lending office located in Los Angeles, Orange and San Diego Counties. Founded in 2005, First Choice Bank has quickly become a leading provider of financial services that enable our customers to grow, maintain strength, and achieve their business objectives. We strive to surpass our clients’ expectations through our efficiency and professionalism and are committed to being “First in Speed, Service, and Solutions.” First Choice Bancorp stock is traded on the Nasdaq Capital Market under the ticker symbol “FCBP.”

First Choice Bank’s website is www.FirstChoiceBankCA.com.

FORWARD-LOOKING STATEMENTS

Except for the historical information in this news release, the matters described herein contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties that could cause actual results to differ materially. Such risks and uncertainties include: the credit risks of lending activities, including changes in the level and trend of loan delinquencies and charge-offs, results of examinations by our banking regulators, our ability to maintain adequate levels of capital and liquidity, our ability to manage loan delinquency rates, our ability to price deposits to retain existing customers and achieve low-cost deposit growth, manage expenses and lower the efficiency ratio, expand or maintain the net interest margin, mitigate interest rate risk for changes in the interest rate environment, competitive pressures in the banking industry, access to available sources of credit to manage liquidity, the local and national economic environment, changes in interest rates, legislative/regulatory changes, monetary and fiscal policies of the United Sates government including policies of the United States Treasury and the Board of Governors of the Federal Reserve Bank, the quality and composition of the loan and securities portfolios, demand for loan products, deposit flows, demand for financial services in our market area, implementation of new technologies, our ability to develop and maintain secure and reliable electronic systems, changes in accounting principles, policies and guidelines, and other risks and uncertainties. Accordingly, undue reliance should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this release. First Choice Bank and First Choice Bancorp undertake no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

CONTACT

First Choice
Robert M. Franko, 562.345.9241
President & Chief Executive Officer