Beverly Hills Bancorp Inc. Announces Officer Promotion and Declares Regular Quarterly 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 its bank subsidiary, First Bank of Beverly Hills ("FBBH" or the "Bank"), has promoted Annette J. Vecchio to Executive Vice President, Chief Credit Officer. Ms. Vecchio came to FBBH in 1985 from E.F. Hutton Life Insurance Company, where she was the manager of the commercial real estate loan department. Most of her twenty-one year tenure with the Bank has been in the capacity of Portfolio Manager. Ms. Vecchio will now have overall responsibility for the Bank's credit administration, including commercial loan underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. . The Company also announced the declaration of a 12-1/2 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 July 1, 2006 to stockholders of record as of June 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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