First Choice Bancorp Announces Promotion of Lorraine Lee to Executive Vice President/Chief Strategy Officer & Head of Commerc...
18 Juin 2020 - 3:00PM
First Choice Bancorp (NASDAQ: FCBP) (“First Choice” or the
“Company”), today announced the promotion of Lorraine Lee to
Executive Vice President, Chief Strategy Officer & Head of
Commercial Banking, reporting to President & CEO Robert Franko.
Ms. Lee previously served as Senior Vice President, Chief Strategy
Officer, a position she held at the Company since January 2018. Ms.
Lee began her career at First Choice Bank in 2014 as First Vice
President/Relationship Manager in the Commercial Lending Division.
Mr. Franko said, "Lorraine has consistently
demonstrated her ability to effectively handle increased
responsibility as our franchise has grown. She has played a
valuable role in executing key initiatives such as our acquisition
and integration of Pacific Commerce Bancorp, our listing on the
NASDAQ stock market, and the upgrade and enhancement of our
technology platform. Her background in commercial lending and
experience working with all areas of our operations as Chief
Strategy Officer makes her well suited to be Head of Commercial
Banking and lead the continued growth of our commercial banking
presence in Southern California.”
Peter Hui, Chairman of the Board of First Choice
Bancorp, added, "Ms. Lee consistently demonstrates the qualities
that define the corporate culture we have built at First Choice
Bank with an unwavering commitment to supporting our clients, our
employees and our shareholders. We are very pleased to recognize
the significant contributions she has made to the growth of our
franchise.”
Ms. Lee stated, "I am honored to take on a
larger role at First Choice Bank. We have built an outstanding team
and I look forward to continuing to build First Choice into a
premier community bank in Southern California.”
Ms. Lee has 16 years of experience in the
financial services industry. Prior to joining First Choice Bank,
Ms. Lee served as Vice President of Commercial Banking &
Portfolio Manager with increasing responsibilities at Beach
Business Bank and then Banc of California following the merger of
the two companies. Ms. Lee holds an MBA with concentrations in
Marketing and International Business from Santa Clara University
and is an Economics and Computer Science graduate of University of
California at Berkeley.
About First Choice Bancorp
First Choice Bancorp, headquartered in Cerritos,
California, is the sole shareholder of and the registered bank
holding company for, First Choice Bank. As of March 31, 2020,
First Choice Bancorp had total consolidated assets of $1.78
billion. First Choice Bank, also headquartered in Cerritos,
California, is a community-based financial institution that serves
primarily commercial and consumer clients in diverse communities
and specializes in loans to small- to medium-sized businesses and
private banking clients, commercial and industrial loans, and
commercial real estate loans with a specialization in providing
financial solutions for the hospitality industry. First Choice Bank
is a Preferred Small Business Administration (SBA) Lender. First
Choice Bank conducts business through 9 full-service branches and 2
loan production offices 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, personalized services and financial solutions 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
The statements contained herein that are not
historical facts are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995 and are
based on management’s current expectations and beliefs concerning
future developments and their potential effects on the Company
including, without limitation, plans, strategies and goals, and
statements about management’s expectations regarding revenue and
asset growth, financial performance and profitability, loan and
deposit growth, yields and returns, loan diversification and credit
management, shareholder value creation and tax rates. There can be
no assurance that future developments affecting the Company will be
the same as those anticipated by management. Actual results may
differ materially from those set forth in the forward-looking
statements due to a variety of factors, including the risk factors
described in documents filed by the Company with the Securities and
Exchange Commission.
The Company does not undertake, and specifically
disclaims any obligation, to update any forward-looking statements
to reflect occurrences or unanticipated events or circumstances
after the date of such statements except as required by law. Any
statements about future operating results, such as those concerning
accretion and dilution to the Company's earnings or shareholders,
are for illustrative purposes only, are not forecasts, and actual
results may differ.
###
Contact: First Choice Khoi D.
Dang, Esq., 562.263.8336 Executive Vice President and General
Counsel
First Choice Bancorp (NASDAQ:FCBP)
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