Community Bank Announces the Appointment of David P. Malone as Chairman of the Board

PASADENA, Calif.--(BUSINESS WIRE)--The Board of Directors of Community Bank, an independent business bank with 17 business centers in Los Angeles, San Bernardino, Riverside, Ventura and Orange counties, announced today that David Malone, its President and Chief Executive Officer, has also been named the Bank’s Chairman of the Board.

Mr. Malone has been with the Bank for over 15 years, the last four of which he has served as President and Chief Executive Officer. During Mr. Malone's tenure the Bank has grown to over $3 billion in assets with 17 branches and is one of the leading financial institutions in Southern California.

Mr. Malone commented that he is pleased with the Board's recognition and looks forward to continuing to grow the Bank in a prudent and profitable manner.

Community Bank, with assets of $3.1 billion, was founded in 1945 and is headquartered in Pasadena. The Bank is a regional Southern California Bank with offices in Anaheim, Burbank, Commerce, Corona, Fontana, Glendale, Huntington Beach, Irvine, Ontario, Pasadena, Redlands, Santa Clarita, Santa Fe Springs, South Bay, Ventura, West Los Angeles, and Woodland Hills. For more information, visit the Community Bank Website at www.cbank.com.

This press release contains certain forward-looking statements, including certain plans, expectations, goals and projections, which are subject to numerous assumptions, risks and uncertainties. Actual results could differ materially from those contained in or implied by such statements for a variety of factors including: changes in economic conditions; movements in interest rates; competitive pressures on product pricing and services; success and timing of business strategies; the nature and extent of governmental actions and reforms; and rapidly changing technology and evolving banking industry standards.