1st Pacific Bank of California Launches BusinessPro Deposit Link.Innovative product allows businesses to make deposits online without having to go into the bank SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- 1st Pacific Bank of California The Bank of California was founded in San Francisco, California on July 5, 1864 by William Chapman Ralston. It was the first commercial bank in the Western United States, the second-richest bank in the nation, and considered instrumental in developing the American Old West. (1st Pacific Bank) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FPBN) today announces the introduction of BusinessPro Deposit Link. Presented as an additional feature onto the bank's already powerful BusinessPro online banking program for businesses, Deposit Link will allow customers to make deposits into their checking accounts from the convenience of their office. Deposit Link customers will access 1st Pacific Bank's BusinessPro online banking service, then scan checks directly into their computer. Once the checks are scanned, they can be transmitted and deposited directly into their business checking account. All deposits will be credited daily, providing faster access to funds. Customers will save on courier and/or time expense by not having to visit the bank. This is particularly valuable to those customers who make multiple weekly or even daily deposits. As an additional enhancement, the customer's scanned check files may be used to automatically update their accounts receivables accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying records. "Very few other community banks offer this program," said Maria Almeida, vice president and cash management manager at 1st Pacific Bank. "It represents leading edge technology and the ultimate in convenience to our customers. Deposit Link exemplifies 1st Pacific Bank's relentless emphasis on providing products and services which deliver the best experience and significant results for our customers." To learn more about BusinessPro Deposit Link, you may contact Maria Almeida directly at (858) 875-2037, or visit any of 1st Pacific Bank's five San Diego County offices. About 1(st) Pacific Bank of California 1st Pacific Bank is a San Diego-based, locally owned and operated financial institution. The bank offers a full complement of business, personal and online banking products and services. Offices are located on Regents Road in the UTC (Coordinated Universal Time, Temps Universel Coordonné) The international time standard (formerly Greenwich Mean Time, or GMT). Zero hours UTC is midnight in Greenwich, England, which is located at 0 degrees longitude. area of La Jolla La Jolla (lə hoi`yə), on the Pacific Ocean, S Calif., an uninc. district within the confines of San Diego; founded 1869. The beautiful ocean beaches, in particular La Jolla shores and Black's Beach, and sea-washed caves attract visitors and , on College Boulevard in the Tri-Cities area of Oceanside, on Rio San Diego Drive in Mission Valley, on Evening Creek Drive North in Inland North County, and on East Main Street in El Cajon El Cajon (ĕl kähōn`), city (1990 pop. 88,693), San Diego co., S Calif.; inc. 1912. Electronic equipment, aircraft parts, irrigation equipment, furniture, and men's suits are among its manufactures. . The bank opened Nov. 17, 2000, after raising $11.5 million in an initial public offering. 1st Pacific Bank has steadily grown its assets to more than $300 million. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Certain statements in this press release, including statements regarding the anticipated development and expansion of the Company's business, and the intent, belief or current expectations of the Company, its directors or its officers, are "forward-looking" statements (as such term is defined in 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). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. |
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