Beverly Hills Bancorp Inc. Announces Resignation of President and CEO of First Bank of Beverly Hills.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 the Company had accepted the resignation of Joseph W. Kiley n. 1. An Australian boomerang, having one side flat and the other convex. Noun 1. kiley - an Australian boomerang; one side flat and the other convex kylie III, President and Chief Executive Officer of the Company's wholly-owned subsidiary, First Bank of Beverly Hills ("FBBH or "Bank"), effective July July: see month. 1, 2006. Larry Lar´ry n. 1. Same as Lorry, or Lorrie. B. Faigin, Chairman of the Board and Chief Executive Officer of the Company, stated that the Bank's Board would meet at the end of June to elect a new president. During the June transition Mr. Faigin, who is also an Executive Vice President of the Bank, will begin to assume many of Mr. Kiley's duties. Mr. Faigin expressed both Boards' deep appreciation for Mr. Kiley's leadership over the past five years, during which time he built a solid management team which returned the Bank to profitability, grew assets from approximately $600 million to $1.4 billion, and has resulted in the Bank being a significantly stronger institution. Beverly Hills Bancorp Inc. is a financial holding company that conducts banking operations through its wholly-owned subsidiary, First Bank of Beverly Hills ("FBBH" or the "Bank"). For further information, please see our website (www.bhbc.com) for our related communications. |
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