First Choice Bank Appoints Nicole Swain as Chief Banking Officer

CERRITOS, Calif.--()--First Choice Bank (the “Bank”) (OTCQX: FBCK) today announced the appointment of Nicole Swain as Chief Banking Officer, reporting to CEO Robert Franko.

Mrs. Swain, a 25 year banking veteran, has served as Senior Vice President of Business Development since joining First Choice Bank in 2013. She will oversee the bank's Private and Commercial Banking Sales Groups. Swain's expanded responsibilities are due to the rapid growth of the Bank's unique business model. Swain has been instrumental in expanding the Bank’s deposit and credit offerings, and attracting new clients to the Bank, executing upon the Bank’s commitment to be First in Speed, Service and Solutions. Swain will be charged with increasing the Bank’s core deposits and lending activities, both through her own efforts and those of the professionals who will report to her.

"Nicole's leadership and banking expertise, along with her attention to the overall client experience, have had a tremendous impact on the success of our business," said the Bank’s founding Chairman, Peter Hui. Robert Franko, the Bank’s President & CEO, added, “Nicole’s promotion acknowledges her many contributions to First Choice Bank, but also reflects the Bank’s ongoing commitment to deliver extraordinary service to all of our clients."

Swain was honored to receive the promotion and stated, “For my entire career, I believe my success has come from making every one of my clients feel like he or she is my only client. Now I hope to help my colleagues share that same feeling with all of our First Choice Bank clients. I am looking forward to many wonderful years ahead.”

ABOUT FIRST CHOICE BANK

First Choice Bank, headquartered in Cerritos, California, is a community focused financial institution, serving diverse consumers and commercial clients and specializing in loans to small businesses, Commercial and Industrial (C&I) loans, and commercial real estate loans with a niche in providing finance for the hospitality industry. The Bank is a Preferred Small Business Administration (SBA) Lender. The Bank recently started a private banking operation. Founded in 2005, First Choice Bank has quickly become a leading provider of financial services that enable our customers to grow, maintain strength, and reach unprecedented levels of success. We strive to surpass our clients' expectations through our efficiency and professionalism and are committed to being "First in Speed, Service, and Solutions." First Choice Bank stock is traded on the Over the Counter (OTCQX); our Ticker Symbol is FCBK.

The Bank's web site is www.FirstChoiceBankCA.com.

Forward Looking Statements

Except for the historical information in this news release, the matters described herein contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties that could cause actual results to differ materially. Such risks and uncertainties include: the credit risks of lending activities, including changes in the level and trend of loan delinquencies and charge-offs, results of examinations by our banking regulators, our ability to maintain adequate levels of capital and liquidity, our ability to manage loan delinquency rates, our ability to price deposits to retain existing customers and achieve low-cost deposit growth, manage expenses and lower the efficiency ratio, expand or maintain the net interest margin, mitigate interest rate risk for changes in the interest rate environment, competitive pressures in the banking industry, access to available sources of credit to manage liquidity, the local and national economic environment, and other risks and uncertainties. Accordingly, undue reliance should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this release. First Choice Bank undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events. Investors are encouraged to read the First Choice Bank annual reports which are available on our website.

Contacts

First Choice Bank
Robert M. Franko, 562.345-9241
President & Chief Executive Officer
or
Yvonne L. Chen, 562- 345-9244
Chief Financial Officer

Contacts

First Choice Bank
Robert M. Franko, 562.345-9241
President & Chief Executive Officer
or
Yvonne L. Chen, 562- 345-9244
Chief Financial Officer