First Choice Bancorp Named Recipient of 2019 Raymond James Community Bankers Cup
11 Maio 2020 - 10:00AM
First Choice Bancorp (NASDAQ: FCBP) (“First Choice” or the
“Company”) today announced that it was named a recipient of the
2019 Raymond James Community Bankers Cup, according to a report
published by Raymond James & Associates on May 6, 2020.
The Raymond James Community Bankers Cup awards
recognize the top 10% of community banks based on various
profitability, operational efficiency, and balance sheet metrics.
The pool of community banks considered for recognition includes all
exchange-traded domestic banks, excluding mutual holding companies
and potential acquisition targets, with assets between $500 million
and $10 billion as of December 31, 2019. More than 250 community
banks across the United States were analyzed for the awards.
“We are very pleased to be recognized by Raymond
James as one of the top performing community banks in the country
and for our success in building long-term shareholder value,” said
Peter Hui, Chairman of the Board.
Robert M. Franko, President and CEO of the
Company, added, “I would like to thank our entire team for the hard
work that has made First Choice one of the best community banks in
the United States. The foundation of our franchise is the trust
that we have developed with our clients who know that they can rely
on First Choice to help them grow their businesses in good times
and provide them with the support they need to manage through
difficult times. We believe that our commitment to maintaining a
strong balance sheet, superior customer service, and a highly
productive and efficient organization will help us navigate through
the challenges presented by the COVID-19 pandemic and enable us to
continue enhancing the value of our franchise in the years
ahead.”
About First Choice Bancorp
First Choice Bancorp, headquartered in Cerritos,
California, is the sole shareholder of and the registered bank
holding company for, First Choice Bank. As of March 31, 2020, First
Choice Bancorp had total consolidated assets of $1.78 billion.
First Choice Bank, also headquartered in Cerritos, California, is a
community-based financial institution that serves primarily
commercial and consumer clients in diverse communities and
specializes in loans to small- to medium-sized businesses and
private banking clients, commercial and industrial loans, and
commercial real estate loans with a specialization in providing
financial solutions for the hospitality industry. First Choice Bank
is a Preferred Small Business Administration (SBA) Lender. First
Choice Bank conducts business through 9 full-service branches and 2
loan production offices located in Los Angeles, Orange and San
Diego Counties. 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, personalized services and financial solutions and
professionalism and are committed to being “First in Speed,
Service, and Solutions.” First Choice Bancorp stock is traded on
the Nasdaq Capital Market under the ticker symbol “FCBP.”
First Choice Bank’s website
is www.FirstChoiceBankCA.com.
Forward-Looking Statements
In addition to historical information, certain
matters set forth herein constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including forward-looking statements relating to
management’s beliefs, projections and assumptions concerning future
results and events. Forward-looking statements, include
descriptions of management’s plans or objectives for future
operations, products or services, and forecasts of the Company’s
revenues, earnings or other measures of economic performance. As
well, forward-looking statements may relate to future outlook and
anticipated events, such as the Company’s plans and protocols with
regard to managing potential impacts related to the COVID-19 virus,
the Company’s strategy to help keep its workforce and local
communities safe, the Company’s business continuity protocols and
the potential impact on operations related to COVID-19, and the
Company’s ability to successfully advance its development and
expansion projects and achieve its growth objectives. These
forward-looking statements involve risks and uncertainties and are
based on the beliefs and assumptions of management and on the
information available to management at the time that this
presentation was prepared and can be identified by the fact that
they do not relate strictly to historical or current facts. They
often include the words or phrases such as “aim,” “can,” “may,”
“could,” “predict,” “should,” “will,” “would,” “believe,”
“anticipate,” “estimate,” “expect,” “hope,” “intend,” “plan,”
“potential,” ‘project,” “will likely result,” “continue,” “seek,”
“shall,” “possible,” “projection,” “optimistic,” and “outlook,” and
variations of these words and similar expressions or the negative
version of those words or phrases.
Forward looking statements involve substantial
risks and uncertainties, many of which are difficult to predict and
are generally beyond our control. There are many factors that could
cause actual results to differ materially from those contemplated
by these forward-looking statements. The Company does not
undertake, and specifically disclaims any obligation, to update any
forward-looking statements to reflect occurrences or unanticipated
events or circumstances after the date of such statements except as
required by law. Any statements about future operating results,
such as those concerning accretion and dilution to the Company’s
earnings or shareholders, are for illustrative purposes only, are
not forecasts, and actual results may differ. Risks and
uncertainties that could cause our financial performance to differ
materially from our goals, plans, expectations and projections
expressed in forward-looking statements include those set forth in
our filings with the SEC, including under Item 1A of our Annual
Report on Form 10-K for the fiscal year ended December 31, 2019 as
may be supplemental and/or amended by our Quarterly Reports on Form
10-Q as filed subsequent thereto.
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Contact:First ChoiceKhoi D. Dang, Esq.,
562.263.8336Executive Vice President and General Counsel
First Choice Bancorp (NASDAQ:FCBP)
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