Beverly Hills Bancorp Inc. Announces New Chief Lending Officer and Declares Quarterly Cash Dividend.CALABASAS, Calif. -- Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. Bancorp Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BHBC) announced today that Craig Kolasinski, Executive Vice President, has been appointed to the newly created position of Executive Vice President, Business Development of its bank subsidiary, First Bank of Beverly Hills ("FBBH" or the "Bank"). In addition to servicing current real estate clients of the Bank, Mr. Kolasinski will be handling special loan opportunities, and in particular, will be developing an aggressive program of loan participations and co-venturing with other lending institutions Noun 1. lending institution - a financial institution that makes loans financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in . The Bank is also pleased to announce that Eric Rosa, formerly Chief Lending Officer of ChinaTrust Bank (U.S.A.), has joined the Bank as Executive Vice President, Chief Lending Officer. Mr. Faigin said, "Mr. Rosa, who has numerous years of banking experience, will lead the Bank's real estate lending department to enlarge TO ENLARGE. To extend; as, to enlarge a rule to plead, is to extend the time during which a defendant may plead. To enlarge, means also to set at liberty; as, the prisoner was enlarged on giving bail. its lending portfolio, products and services, and to develop new opportunities." In addition, the Company announced the declaration of a 12' cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. cash dividend on the Company's common stock. The dividend is payable January 2, 2007 to stockholders of record as of December 15, 2006. Beverly Hills Bancorp Inc. is a financial holding company that conducts banking operations through its wholly-owned subsidiary, First Bank of Beverly Hills. The Bank is a state chartered commercial bank and is regulated by the California Department of Financial Institutions and the Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. . For further information, please see our website (www.bhbc.com) for our 10-Q Report and related communications. |
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