CERRITOS, Calif.--(BUSINESS WIRE)--First Choice Bank, the “Bank” (OTCQX: FCBK), is proud to announce a record high donation amount from its 7th Annual Charity Golf Tournament. The tournament was held at the Industry Hills Golf Club in The City of Industry on October 26, 2017. The Bank’s total donation amount of $51,400 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 $102,800.
The Bank presented this year’s Citizen of the Year award to Richard Simonian. Mr. Simonian, CEO of Santiago Communities and a veteran of the U.S. Army Special Forces Green Berets, created the non-profit organization American Veterans Assistance Group (AVAG) to assist veterans with affordable housing, holiday meals, informational workshops about veteran benefits and other outreach programs.
The 18 non-profit organizations this year were: ABCUSD Education Foundation, American Veterans Assistance Group, Aviva Family and Children’s Services, Caring Connections, Chinese Christian Herald Crusades- Rowland Heights, Community HousingWorks, Food Finders Inc., Harvest Haven Inc., Junior Achievement of Southern California Inc., Kidsingers, Neighborworks Orange County, Orange County Rescue Mission Inc., Orangewood Children’s Home Auxiliary La Casa, Ron Finley Project, San Diego Habitat for Humanity, The Midnight Mission, Union Station Homeless Services of San Gabriel, 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, Camar Aircraft Parts Co., Continuum Analytics, Hospitality Unlimited Investments, Interstate Hotels & Resorts, Liferay Foundation, Paradigm Strategic Insurance Services, PINN Investments, S3 Hotel Group, Stanford Inn & Suites, T2 Hospitality, and Tarsadia Foundation. Gold Sponsors included Abacus Payroll Services, CoreCapital, and Vavrinek, Trine, Day & Co LLP. The Longest Drive Sponsor was Kamla for Hope. Closest to the Pin Sponsor included Financial Guaranty Insurance Brokers Inc. and Hospitality One Construction. The Cocktail Sponsor was FIG Partners.
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 achieve their business objectives. 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.
