Business Bancorp Announces Groundbreaking for New Business Bank of California Office in Ontario.Business Editors SAN RAFAEL San Rafael (săn rəfĕl`), residential city (1990 pop. 48,404), seat of Marin co., W Calif., a suburb of San Francisco on the northern shore of San Francisco Bay; inc. 1913. , Calif.--(BUSINESS WIRE)--Feb. 15, 2002 Business Bancorp (Nasdaq:BZBC), the parent company of Business 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. (www.businessbank.com), has broken ground for construction of a permanent branch office in the city of Ontario. The new office will be located at 3998 Inland Empire In·land Empire A region of the northwest United States between the Cascade Range and the Rocky Mountains, comprising eastern Washington, eastern Oregon, northern Idaho, and western Montana. Farming, lumbering, and mining are important to the area. Blvd., adjacent to Extended Stay America The first Extended Stay America hotels opened in 1995 by a number of founders including management from Blockbuster Video and AutoNation. In 1996, Extended Stay America acquired StudioPLUS, further continuing its growth. and the 10 Freeway. The branch is scheduled to open in the Fall of 2002. Alan J. Lane, President of Business Bank of California and Stan Cruse, Regional Vice President and Manager of the bank's existing office in Ontario, greeted City officials, dignitaries and guests, for the formal ceremony. Participants included the Honorable Gary C. Ovitt, Mayor, Gerald A. DuBois, Mayor Pro-Tem, Alan D. Wapner, Council Member, Paul S. Leon, Council Member, Gregory C. Devereaux, City Manager, Mary Jane Olhasso, Economic Development Director, Lynda Vanhoof, Field Representative for County Supervisor Fred Aguair, Robert L. Traister, President/CEO Ontario Chamber of Commerce, Donald A. Driftmeir, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. with Vavrinek, Trine, Day & Co. as well as Board members and Senior Executives from Business Bank of California. Lane commented that: "Both Stan Cruse and I are extremely pleased to have such a show of support from the City of Ontario. It's extremely gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that in the two years we have been operating from our temporary office in the Empire Towers II building, we have been able to establish such an excellent rapport with the City and those who represent it!" Cruse, Manager of the bank's temporary office located at 4141 Inland Empire Blvd., Suite 280, has been actively involved in the City of Ontario for more than eight years. He is the Past President of the Ontario Chamber of Commerce and supports numerous community causes both financially and with a commitment of his personal time and effort. Business Bank of California's temporary facilities opened for business on Aug. 18, 1999 and has total assets of more than $11 million. Business Bank of California has recently completed a merger of equals with Metro Commerce Bank and now has 15 full service offices serving clients statewide. "The merger has expanded our franchise into Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern ," stated Lane, "and we look forward to the new opportunities presented by that market as well as welcome the additional branch office in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , located in the City of Upland and managed by Russ Scranton, Senior Vice President/Manager." Business Bank of California has served California businesses since 1984. The bank operates 16 branches in the Southern Calfornia cities of Corona, Hemet, Hesperia, Ontario, Phelan, Riverside, Redlands, Upland and San Bernardino, and in the Northern California cities of San Rafael, Petaluma, San Francisco, South San Francisco South San Francisco, city (1990 pop. 54,312), San Mateo co., W Calif.; inc. 1908. South San Francisco has several industrial parks; its manufactures include medical supplies and equipment, foods, paint, paper products, consumer goods, and clothing. , and Hayward. They are strongly focused on providing high quality, personalized services to small businesses, professionals and consumers. Information regarding Business Bancorp stock can be obtained on NASDAQ utilizing the symbol (BZBC) or by accessing their Web site at www.businessbank.com. |
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