About Premier Business Bank and Premier Bank of Palos Verdes

President's Message

John R. Polen

President and CEO

 

John R Polen - President and CEOI am delighted to share with you our significant accomplishments at Premier Business Bank (“Premier”) during 2012.  We have had a very productive and successful year. First and foremost, Premier has reported positive earnings in all four quarters of 2012, for a record breaking 11 consecutive quarters of profitability.

In June 2012, Premier earned the highest rating (5-Stars) from BAUER FINANCIAL, the nation’s leading independent bank rating and research firm. To earn this TOP 5-Star rating, Premier excelled in the areas of capital, profitability, and asset quality to name just a few.

In July 2012, MSN Money named Premier as one of the 359 safest banks in America, of which only sixteen of those banks were located in California. There are 251 banks chartered in California, and more than 7,300 banks in the United States today.

In September 2012, Premier continued to expand its footprint in the South Bay region of Los Angeles County opening a new full-service retail branch on the Palos Verdes Peninsula located on the premier corner in the business district. The new branch is named Premier Bank of Palos Verdes, a division of Premier Business Bank, and offers a full array of financial services, including deposit, lending and other specialized banking solutions to both the business community and residents. Premier’s client-centric focus now extends to the Palos Verdes Peninsula where we offer customized banking products to meet special requests, make decisions locally and quickly to meet specific time frames, and as always deliver on what we promise. This truly unique banking approach continues to set Premier apart from local competitors and the one-size-fits-all banks. I encourage you to stop by the Palos Verdes branch to meet our professional banking team and experience the upscale and sophisticated service environment that our clients have come to know.

In the 3rd Quarter, Premier also launched its second capital campaign to raise funds for asset growth as excellent loan funding opportunities continue to become available in the market place. This private placement offering to accredited investors has resulted in over $3.0 million in new capital, which will allow Premier to further expand its asset base to generate increased earnings.

All of us at Premier are very proud of our accomplishments in 2012, and honored to be named one of the safest and top performing banks in America. As we move forward in 2013, we remain steadfast in maintaining a strong financial position to ensure our clients’ trust and confidence in Premier.

Sincerely,
John R. Polen
President and CEO