1st Century Bank, N.A. Announces Key Management Appointments.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- 1st Century Bank, N.A. ("1st Century") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FCNA FCNA Fiqh Council of North America FCNA Football Club de Nantes Atlantique FCNA Force Command Northern Area (Pakistan) ) announced today that the Bank has appointed Donn Jakosky Executive Vice President and Chief Credit Officer and Muna Issa Senior Vice President and Operations Manager See datacenter manager. . Mr. Jakosky brings over 29 years of banking experience, most recently as the Senior Credit Administrator with Mellon 1st Business Bank. Ms. Issa brings over 24 years of experience in Operations Administration, most recently with National Mercantile Bancorp. Both senior officers shall be based in 1st Century's headquarters office in Century City. "We are excited to welcome Donn and Muna to our team," said Alan I. Rothenberg, Chairman. "The experience and knowledge they each bring to the Bank will be important as we continue to grow and reach new levels of success." 1st Century is a full service bank headquartered in the Century City area of Los Angeles, California. 1st Century's primary focus is relationship banking to family owned and closely held A phrase used to describe the ownership, management, and operation of a corporation by a small group of people. In a closely held corporation, the same people often act as shareholders, directors, and officers, and no outside investors exist. middle market businesses, professional service firms and high net worth individuals, real estate investors and entrepreneurs. Additional information is available at www.1stcenturybank.com. FORWARD LOOKING STATEMENTS Certain matters discussed in this letter constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward looking statements relate to 1st Century's current expectations regarding deposit and loan growth, operating results and the strength of the local economy. These forward looking statements are subject to certain risks and uncertainties that could cause the actual results, performance or achievements to differ materially from those expressed, suggested or implied by the forward looking statements. These risks and uncertainties include, but are not limited to: (1) the impact of changes in interest rates, a decline in economic conditions and increased competition among financial service providers on 1st Century's operating results, ability to attract deposit and loan customers and the quality of 1st Century's earning assets Earning Assets Any income-earning asset owned by a company. Notes: These assets are generally interest-bearing accounts, bonds, and securities available for sale. See also: Asset, Asset Valuation, Earnings, Net Interest Margin ; (2) government regulation; and (3) the other risks set forth in 1st Century's reports filed with the Office of the Comptroller of the Currency The Office of the Comptroller of the Currency (or OCC) was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and the federal branches and agencies of foreign banks in the United States. , including its Annual Report on Form 10-KSB for the year ended December 31, 2005. 1st Century 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. |
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