About Premier Business Bank and Premier Bank of Palos Verdes

Press Releases

Premier Business Bank Reports 2012 3rd Quarter Results and Opens a New Branch in Palos Verdes

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Premier Business Bank (“Bank”) is pleased to report continued profitability for nine months ended September 30, 2012. Net income for the nine-month period ended September 30, 2012 was $285,000 as compared to $381,000 for the same period ended September 30, 2011. The decrease in net income for the nine-month period ended September 30, 2012, as compared to the same nine month period in 2011 was due to the reversal of $100,000 from the Allowance for Loan and Lease Losses in 2011. “The Bank has earned a profit for ten consecutive quarters, which has contributed $1.3 million to the Bank’s capital,” stated Mr. John Polen, President and Chief Executive Officer.

Premier Business Bank Reports 1st Quarter 2012 Earnings

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Premier Business Bank (“Bank”) is pleased to report two consecutive years of profitability. Net income for the three-month period ended March 31, 2012 was $133,000 or $0.07 per share as compared to $122,000 or $0.06 per share for the same period ended March 31, 2011. “We are encouraged by the fact that the Bank has earned a profit in for eight consecutive quarters we are very optimistic for the future,” stated Mr. John Polen, President and CEO.

John Turner Joins Premier Business Bank

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John Polen, President and CEO of Premier Business Bank is pleased to announce that John W. Turner has joined the bank as Senior Vice President, to manage and develop its South Bay corporate banking relationships. Mr. Turner has over thirty years experience and knowledge in business and real estate financing, most recently he served as Vice President, Business Banking Manager at Malaga Bank for over 13 years. “We are very excited to have Mr. Turner join our team as he will be a great addition to our experienced corporate banking department.” commented Mr. Polen. “I look forward to a new challenge and the ability to contribute to the planned growth of Premier Business Bank,” stated Mr. Turner.

Premier Business Bank’s unaudited financial results as of December 31, 2011

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Dear Shareholders,

I’m pleased to present you with our most recent press release on Premier Business Bank’s unaudited financial results as of December 31, 2011 reflecting two consecutive years of positive earnings. Additionally, the Bank reported positive earnings for the three-month period ended December 31, 2011, for a record-breaking seven consecutive quarters of profitability.

Debbie Richardson Joins Premier Business Bank

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John Polen, President and CEO of Premier Business Bank is pleased to announce that Debbie Richardson has joined the bank as Senior Vice President Corporate Development. Premier Business Bank is a six year old community bank headquartered in downtown Los Angeles, and recently launched its second office opening in Torrance to serve the South Bay region. Ms. Richardson has over thirty years experience in managing retail banking operations, marketing and community relations in the South Bay. Most recently, she was Chief Operating Officer of The Bank of Palos Verdes (I.O.). Prior to that, Ms. Richardson served as Executive Vice President, Director of Retail Banking of Malaga Bank for 21 years where she was instrumental in opening branches and expanding their presence in the communities it serves. "She is a long-time resident of the South Bay and is very active in many local community and non-profit organizations. We are very excited to have Ms. Richardson on our executive management team to expand the bank's presence in the South Bay area," commented Mr. Polen.

Premier Business Bank Reports Six Consecutive Quarters of Positive Earnings

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Premier Business Bank ("Bank") is pleased to announce a record breaking six consecutive quarters of positive earnings. The Bank reported net income of $170,000 or $0.08 per share and $188,000 or $0.09 per share for the three-month periods ended September 30, 2011, and September 30, 2010, respectively. Net income for the nine-month period ended September 30, 2011 was $381,000 or $0.19 per share as compared to $486,000 or $0.24 for the same period ended September 30, 2010.

Premier Business Bank Reports Five Consecutive Quarters of Positive Earnings

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Premier Business Bank ("Bank") is pleased to announce five consecutive quarters of profitability. The Bank reported net income of $90,000 or $0.04 per share and $369,000 or $0.018 per share for the three-month period ended June 30, 2011, and June 30, 2010, respectively. Net income for the six-month period ended June 30, 2011 was $212,000 or $0.10 per share as compared to $298,000 or $0.15 for the same period ended June 30, 2010.

Premier Business Bank Appoints New President/CEO and Reports Two Consecutive Quarters of Positive Earnings

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Premier Business Bank ("Bank") announced the appointment of John R. Polen as President and Chief Executive Officer. Mr. Polen joined the Bank as a consultant in April 2010 and was officially appointed President and Chief Executive Officer in May 2010. "The Board of Directors is pleased to announce Mr. Polen is on board. With his extensive experience in bank management, lending, and finance, he has made many positive changes in the operations, which include efficiencies and bringing the Bank to profitability," said David Lake, Chairman of the Board. Mr. Polen was previously President and Chief Executive Officer of Malaga Bank in Palos Verdes, California. During his tenure, he increased total assets from $300 million to $700 million in five years generating profits without loan losses to support the growth of the Bank. Mr. Polen is also a certified public accountant.