SC BANCORP ELECTS NEW LEADERSHIP
SC BANCORP ELECTS NEW LEADERSHIP DOWNEY, Calif., June 17 /PRNewswire/ -- The stockholders of
SC Bancorp (AMEX: SCK), the holding company for Southern California Bank, have elected a new board of directors replacing an incumbent slate which had waged an intense battle to maintain its leadership, the bank announced today. The "changing of the guard" took place as a result of voting at yesterday's once-postponed annual stockholders meeting held at SC Bancorp's corporate headquarters in Downey.
By an overwhelming vote, the bank's stockholders elected nine new directors, some of whom have previously been affiliated with the company, the bank said. They are John L. Ball, manager of operations, F&L Enterprises; H.A. Beisswenger, retired former president of Southern California Bank from 1984 to 1990; Le Grande Coates Jr., chairman of Master Body Works Inc.; William C. Greenbeck, managing general partner, Downey Land Ltd. and former secretary of SC Bancorp's board for 11 years; Larry D. Hartwig, the bank's current president and chief executive officer; David S. McLeod, partner in the law firm of Dewey Ballantine; Irving J. Pinsky, president, Marsuda Rodgers International; Peer A. Swan, treasurer, Pacific- Scientific Co.; and Donald E. Woods, president of Community Pontiac and Honda. In addition to Beisswenger and Greenbeck, Coates, Hartwig, Pinsky and Woods have also previously served on the SC Bancorp board. Hartwig said he welcomed the participation of the board in setting new priorities and directions for SC Bancorp. "Over the last few months, we have put in place a dynamic new management team of highly experienced, professional bankers, who have the capability to initiate programs the board has in mind," he said. "At the same time, the bank remains one of California's best independent banks based on any number of criteria including being rated for four consecutive years as a 'Premier Performing Bank' by the prestigious Findley Reports. As with most financial institutions, we are currently operating in an extremely challenging economic environment. But we are convinced that the stability of our markets and customer base, will continue to provide the basis for our future growth and prosperity." Hartwig noted the board will elect its officers tonight. Headquartered in Downey, southeast of downtown Los Angeles, Southern California Bank has 16 offices primarily serving the Southeast Los Angeles County and North Orange County markets. The company is 28 years old. -0- 6/17/92 /CONTACT: Clive Hoffman of Clive Hoffman Associates, 213-965-7171, for SC Bancorp/ (SCK) CO: SC Bancorp; Southern California Bank ST: California IN: FIN SU: PER JL -- LA008 -- 1136 06/17/92 14:12 EDT
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|Date:||Jun 17, 1992|
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