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CU BANCORP ANNOUNCES ELECTION OF NEW CHAIRMAN OF THE BOARD

 CU BANCORP ANNOUNCES ELECTION OF NEW CHAIRMAN OF THE BOARD
 ENCINO, Calif., Feb. 27 /PRNewswire/ -- CU Bancorp (NASDAQ: CUBN), the holding company for California United Bank, N.A., today announced the resignation of Steven C. Good, 49, as director and chairman of the board, and the election of Melvin Gagerman as the new chairman of the board.
 John J. Keating, president and chief executive officer of CU Bancorp, lauded the contributions of Good during his ten year tenure as chairman of the board. "Steven Good has been instrumental in the success of the company from its organization. We regret that the demands of his personal business have required him to resign his positions as chairman of the board and as director of the company and the bank."
 Keating noted that Melvin Gagerman, 50, was also a founder of the company and has been a director of the company and the bank since their respective formations. "Gagerman has been a dedicated champion of the company and will serve with distinction as chairman of the board," stated Keating. Gagerman has served as chairman of the company's audit committee and as a member of the bank's loan committee. Gagerman is a CPA and a principal in the accounting firm of Good, Gagerman and Berns in Los Angeles.
 It was also announced that Jon P. Goodman, Ph.D., 50, was recently appointed to serve as vice chairman of the company. Goodman, the director of the Entrepreneur Program of the University of Southern California, and a professor in the School of Business Administration, joined the board in 1989. She previously served as the director of the Gulf Coast Small Business Development Center in Texas, and served as official liaison between the National Association of Small Business Development Centers and the United States General Accounting Office in federal audit and reviews.
 CU Bancorp and its subsidiary, California United Bank, N.A., were formerly known as Lincoln Bancorp and Lincoln National Bank, respectively. With branches in Encino and Beverly Hills, and a loan production office in Costa Mesa, the company offers a full range of commercial banking services primarily to middle market businesses and entertainment business managers based in Southern California.
 -0- 2/27/92
 /CONTACT: John J. Keating of CU Bancorp, 818-907-9122/
 (CUBN) CO: CU Bancorp ST: California IN: FIN SU: PER


SM-KW -- NY051 -- 3283 02/27/92 12:49 EST
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Publication:PR Newswire
Date:Feb 27, 1992
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