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Business, Finance, Occupation & Industry

California United Bank Announces Relocation of Irvine/Newport Beach Branch

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By Business Wirevia The Motley Fool

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California United Bank Announces Relocation of Irvine/Newport Beach Branch

ENCINO, Calif.–(BUSINESS WIRE)– California United Bank, the wholly owned subsidiary of CU Bancorp (Nasdaq: CUNB), today announced plans to relocate its Irvine/Newport Beach branch to The Atrium office center located at 19200 Von Karman Avenue. The Bank will consolidate its existing branch and loan production offices in Irvine into the larger facility when the new branch opens this Summer.

The new full-service branch will be a 4,300 square foot facility located on the ground floor of The Atrium, a ten-story, twin tower office center featuring a dramatic glass-enclosed atrium. Adjacent to Orange County Airport, The Atrium is located in the heart of the Orange County business community.

“Our new, larger Irvine/Newport Beach branch will provide greater visibility for our franchise in Orange County,” said David I. Rainer, Chairman, President and Chief Executive Officer of California United Bank and CU Bancorp. “We believe the new location will enhance our ability to serve our current customers and provide us with an exceptional facility that will support our continued growth.”

About CU Bancorp and California United Bank

CU Bancorp is the parent of California United Bank. Founded in 2005, California United Bank provides a full range of financial services, including credit and deposit products, cash management, and internet banking to businesses, non-profits, entrepreneurs, professionals and investors throughout Southern California from offices in the San Fernando Valley, the Santa Clarita Valley, the Conejo Valley, Simi Valley, Los Angeles, South Bay, and Orange County. To view CU Bancorp’s most recent financial information, please visit the Investor Relations section of the Company’s Web site. Information on products and services may be obtained by calling (818) 257-7700 or visiting the Bank’s Web site at www.cunb.com.

Forward-Looking Statements

This news release contains forward-looking statements about CU Bancorp (the “Company”) and its subsidiary California United Bank , for which the Company claims the protection of the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995, including forward-looking statements relating to the Company’s current business plan and expectations regarding future operating results. Forward-looking statements are based on management’s knowledge and belief as of today and include information concerning the Company’s possible or assumed future financial condition, and its results of operations, business and earnings outlook. These forward-looking statements are subject to risks and uncertainties. A …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

California United Bank CEO Forums Continue to Assist Southern California Businesses

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By Business Wirevia The Motley Fool

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California United Bank CEO Forums Continue to Assist Southern California Businesses

Latest installment discusses how companies can prepare for Health Care Reform

TORRANCE, Calif.–(BUSINESS WIRE)– California United Bank (CUB), a subsidiary of CU Bancorp (NAS: CUNB) , continued its CEO Forum series on Thursday, February 28th, by presenting “Health Care Reform – it’s the Law” to business owners and executives at the Miyako Hotel in Torrance.

“We are entering uncharted waters in terms of Health Care Reform‘s impact on businesses,” noted CUB Senior Vice President, Kim Defenderfer. “We want to make sure our clients, as well as the broader business community, are prepared and have all the resources that they need to reduce risks and costs.”

The event consisted of presentations by Lisa M. Santora, MD, MPH, Chief Medical Officer at Beach Cities Health District, and Jacqueline S. Roth, Health Care Specialist at Bolton & Company, as well as breakout sessions where the CEOs had the opportunity to share best practices.

“It was an enlightening forum,” commented Bill Frank, CFO of Dion & Sons. “Hearing from the experts, as well as being able to share ideas with businesspeople in similar situations, was invaluable.”

About CU Bancorp and California United Bank

CU Bancorp is the parent of California United Bank, which was founded in 2005 and is the largest independent bank headquartered in the San Fernando Valley. California United Bank provides a full range of financial services, including credit and deposit products, cash management, and internet banking to businesses, non-profits, entrepreneurs, professionals and investors throughout Southern California from offices in the San Fernando Valley, the Santa Clarita Valley, the Conejo Valley, Simi Valley, Los Angeles, South Bay, and Orange County. To view CU Bancorp’s most recent financial information, please visit the Investor Relations section of the Company’s Web site. Information on products and services may be obtained by calling 818-257-7700 or visiting the Bank’s Web site at www.cunb.com.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

William C. Phillips Joins California United Bank as SVP, Senior Relationship Manager

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By Business Wirevia The Motley Fool

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William C. Phillips Joins California United Bank as SVP, Senior Relationship Manager

ENCINO, Calif.–(BUSINESS WIRE)– CU Bancorp (Nasdaq: CUNB), the parent company of wholly owned California United Bank, today announced that William C. Phillips has joined the bank as SVP, Senior Relationship Manager focusing on the Greater Los Angeles area. Mr. Phillips will be based out of California United Bank‘s South Bay office and focus on serving small- and middle-market businesses and business owners. Mr. Phillips has 20 years of banking experience and joins California United Bank from East West Bank, where he led a banking team focused on structured finance and C&I lending for middle-market companies in Southern California.

David I. Rainer, Chairman, President and Chief Executive Officer of California United Bank and CU Bancorp, said, “We are very excited to add another highly experienced and accomplished banking executive to our relationship management team. I have known Bill for more than 15 years, and his knowledge of the Los Angeles market and thoughtful approach to developing highly customized financing and treasury solutions have helped him build an outstanding track record of finding, keeping and growing comprehensive banking relationships. He will be a great addition to our team and will play an integral part in the continued growth of the California United Bank franchise.”

Prior to serving as a Senior Vice President at East West Bank, Mr. Phillips was a Senior Vice President at Comerica Bank, where he worked for more than a decade, developing a significant loan and deposit portfolio in his office leadership role. Prior to Comerica, Mr. Phillips was a Vice President at California United Bank prior to its sale to Pacific Century Financial Corporation, the parent of Bank of Hawaii.

Mr. Phillips holds a bachelor’s degree in business administration from Chapman University. He currently serves as a board member of the Boys and Girls Club of Long Beach.

About CU Bancorp and California United Bank

CU Bancorp is the parent of California United Bank. Founded in 2005, California United Bank provides a full range of financial services, including credit and deposit products, cash management, and internet banking to businesses, non-profits, entrepreneurs, professionals and high net worth individuals throughout Southern California from offices in the San Fernando Valley, the Santa Clarita Valley, the Conejo Valley, Simi Valley, Los Angeles, South Bay, and Orange County. To view CU Bancorp’s most recent financial information, please visit the Investor Relations section of the Company’s Web site. Information on …read more
Source: FULL ARTICLE at DailyFinance

Articles of Interest

Gavin Smith Car Found, Case Now Being Investigated As A Homicide

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By The Huffington Post News Editors

The case of missing Fox executive Gavin Smith is now being investigated as a homicide after a discovery in a Simi Valley, Calif. storage facility, reports the Los Angeles Times.

Los Angeles County sheriff’s investigators found Smith’s car, a Mercedes Benz , in a storage facility linked to convicted drug dealer John Creech, sheriff’s spokesman Steve Whitmore told the Los Angeles Times. However, no body has been recovered.

Story is developing…

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Source: FULL ARTICLE at Huffington Post

News, Politics, Government

Missing movie executive's car found at storage facility, homicide suspected

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Southern California authorities say they’ve found the car of a 20th Century Fox executive who vanished nearly a year ago and they now believe he is dead.

The Los Angeles County Sheriff’s Department says a Mercedes-Benz registered to Gavin Smith was found Thursday at a Simi Valley storage facility.

Authorities say that the storage facility was linked to a man who’s jailed on an unrelated drug conviction.

A sheriff’s statement says detectives are now investigating the case as a homicide, although Gavin’s body hasn’t been recovered.

The 57-year-old Smith was last seen in May in Ventura County after leaving a friend’s home.

Smith was with Fox’s movie distribution department for nearly 18 years and was a branch manager for several theaters.

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Source: FULL ARTICLE at Fox US News

Business, Finance, Occupation & Industry

California United Bank Executive Honored for Contributions to Small Businesses

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By Business Wirevia The Motley Fool

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California United Bank Executive Honored for Contributions to Small Businesses

Anne Williams, CUB’s Chief Operating Officer, recognized by San Fernando Valley Financial Development Corporation

ENCINO, Calif.–(BUSINESS WIRE)– Anne Williams, Executive Vice President, Chief Operating Officer and Chief Credit Officer of California United Bank (CUB), a subsidiary of CU Bancorp (NAS: CUNB) , was recently honored at the San Fernando Valley Financial Development Corporation’s (SFV-FDC) bankers reception. The SFV-FDC recognized Ms. Williams for her continuous support to their organization and for her commitment to small businesses in Southern California.

“Anne is truly one-of-a-kind,” commented Roberto Barragan, SFV-FDC President. “We are so fortunate that someone with so much talent, wisdom and generosity works right here in the Valley. She has truly made a difference to our local economy with her unending devotion to assisting small businesses.”

The annual awards reception took place Thursday, February 21st at the Panzanella Ristorante in Sherman Oaks, with special guest Congressman Brad Sherman honoring the bankers who positively impact the San Fernando Valley economy.

ABOUT SFV-FDC

SFV-FDC is a tax-exempt non-profit 501(c)(3) corporation formed by VEDC. With 35 years of experience, VEDC‘s goal is to create and sustain jobs and businesses in low to moderate income communities by providing high-quality economic development services. The SFV-FDC primarily serves as the regional vehicle for the SBA 504 program and for loan guarantees to commercial banks through the California Small Business Loan Guarantee Program, currently operating out of the State’s Business, Transportation and Housing Agency.

About CU Bancorp and California United Bank

CU Bancorp is the parent of California United Bank which was founded in 2005 and is the largest independent bank headquartered in the San Fernando Valley. California United Bank provides a full range of financial services, including credit and deposit products, cash management, and internet banking to businesses, non-profits, entrepreneurs, professionals and investors throughout Southern California from offices in the San Fernando Valley, the Santa Clarita Valley, the Conejo Valley, Simi Valley, Los Angeles, South Bay, and Orange County. To view CU Bancorp’s most recent financial information, please visit the Investor Relations section of the Company’s Web site. Information on products and services may be obtained by calling (818) 257-7700 or …read more
Source: FULL ARTICLE at DailyFinance