RIVERSIDE, Calif.--(BUSINESS WIRE)--Security Bank of California, the wholly owned subsidiary of Security California Bancorp (OTCBB: SCAF), today announced that it has expanded its business development team with the addition of two experienced commercial bankers. Robert Barbeau has joined Security Bank as Senior Vice President and head of the Asset-Based Lending (ABL) Group, and Kimberly Ward has been added as a Vice President and Relationship Manager in the Commercial Lending Group.
“As we grow our franchise, our ability to attract talented bankers to Security Bank continues to improve,” said James A. Robinson, Chairman and CEO of Security Bank of California. “Robert is one of the leading ABL bankers in Southern California and Kimberly has more than 30 years of commercial banking experience in the Inland Empire. The addition of these two proven bankers will increase our penetration of our current markets and also improve our ability to offer flexible ABL financing solutions to emerging growth companies.”
Robert Barbeau has more than 30 years of banking experience, primarily focused on asset-based lending. Prior to joining Security Bank, Mr. Barbeau spent nearly 15 years at Community Bank, serving as First Vice President and ABL Group Manager. In this role, Mr. Barbeau was responsible for collateral monitoring on ABL loans, audit reviews on collateral loans conducted by internal and sub-contracted auditors, and working with relationship managers on business development for new ABL clients. During his banking career, Mr. Barbeau also served in the ABL departments of East West Bank and City National Bank. Mr. Barbeau is acknowledged as a leading authority on ABL, having published numerous articles and served as a lecturer on the topic.
Kimberly Ward has more than 30 years of commercial banking experience. Ms. Ward joins Security Bank from Citizens Business Bank, where she was a Vice President and Relationship Manager responsible for the development of commercial banking relationships. Earlier in her career, Ms. Ward served as the manager of the Ontario branch for Mission Oaks National Bank and was a banking officer in the Fontana Business Center for Community Bank.
About Security California Bancorp and Security Bank of California
Security California Bancorp is the parent of Security Bank of California and is traded on the Over the Counter Bulletin Board (“OTCBB”) under the symbol SCAF.OB. Through its full service offices in Riverside, San Bernardino, Redlands, Orange and Palm Desert, Security Bank of California is a full service community bank, focusing on providing banking services for businesses, their owners and families, and successful individuals. The bank also has a Loan Production Office (“LPO”) in Irwindale. To learn more about the bank’s products and services, call 951-368-2265 or visit the company’s Web site at www.securitybankca.com.
Forward Looking Statements
This release may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, and competition within the business areas in which the Bank is conducting its operations, including the real estate market in California and other factors beyond the Bank’s control. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. Readers should not place undue reliance on the forward-looking statements, which reflect management’s view only as of the date hereof. The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.