CERRITOS, Calif.--(BUSINESS WIRE)--First Choice Bank, the “Bank” (OTCQX: FCBK), is proud to announce a record high donation amount from its 6th Annual Charity Golf Tournament. The tournament was held at the Industry Hills Golf Club in The City of Industry on October 27, 2016. The Bank’s total donation amount of $45,600 will be matched by the Much is Given Foundation. Thanks to the Foundation’s generosity, this year’s contribution to the 18-selected organizations will total $91,200.
The Bank presented this year’s Citizen of the Year award to Liferay, Inc. for its ongoing commitment to helping others. Liferay, Inc. offers an Employee Volunteer Program (EVP) that grants each of their employees 40 hours per year to serve with non-profit organizations of their choice. Through their EVP program, over 190 non-profit organizations have been served, and over 13,500 hours have been completed. Their community outreach program inspires all of us to continue working to support our community.
The 18 non-profit organizations receiving a minimum of $2,000 each this year were: ABCUSD Education Foundation, Blind Children’s Learning Center, Caring Connections, The Center for Autism & Neurodevelopmental Disorders, Chinese Christian Herald Crusades – Rowland Heights, Community Family Guidance Center, Harvest Haven Inc., Nandalala Mission – Pasadena, Neighborworks Orange County, Orangewood Children’s Home Auxiliary La Casa, Project Angel Food, Pujols Family Foundation, St. Jude Children’s Research Hospital, Strive Foundation, Union Station Homeless Services of San Gabriel, Vistas for Children, Women Helping Women, and Zoe International.
First Choice Bank would also like to thank the generous sponsors and participants for helping to make the event such a success. Platinum Sponsors included American First National Bank, Big Saver Foods, Hospitality Unlimited Investment, Interstate Hotels & Resorts, Nigro Karlin Segal Feldstein & Bolno, and Paradigm Group of Companies. Gold Sponsors included Abacus Payroll Services; Cal State Steel Corporation; Core Capital; DC Construction and Altamura Real Estate Group; Loren P. Hansen, APC; Pomona Quality Foam; Vavrinek, Trine & Day Co LLP; and Westin Bonaventure Hotel & Suites. Lunch, Beverage Cart, Cocktail, and Dinner Sponsors were Stanford Inn & Suites, FIG Partners Inc., Law Offices of San San Lee, and Tarsadia Foundation, respectively. Longest Drive Sponsors included GBC International Bank and Kamla for Hope. The Closest to the Pin Sponsor was Financial Guaranty Insurance Brokers Inc. Individual Hole Sponsors included A-Ju Realty Inc.; Hovde Group LLC; Thong, Yu, Wong & Lee LLP; and Urban Commons.
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, Private Banking clients, 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. 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.
