Category Archives: Banking

LBA Ware CEO to Discuss Loan Originator Compensation Trends in Today’s Market at MBA Independent Mortgage Bankers Conference

MACON, Ga. /ScoopCloud/ -- LBA Ware(TM), provider of the leading automated compensation and sales performance management platform for mortgage lenders, today announced that its Founder and CEO Lori Brewer will be a panelist at the Mortgage Bankers Association's (MBA) 2019 Independent Mortgage Bankers (IMB) Conference, which will be held January 28-31 at the Hyatt Regency San Francisco. In the panel, Brewer will reveal definitive data that answers the question on everyone's mind, "Are lenders cutting loan originator (LO) comp?"

The session, "Managing LO Comp to the Bottom Line," will take place Tuesday, January 29, from 2:15 - 3:15 p.m. PT in the Bayview Room. Loretta Salzano, president of law firm Franzen and Salzano, and Lauren Patel, Human Resources Director at loanDepot.com, will co-panel the session with Brewer.

As part of the conference's Business Operations & Compliance track, the session will cover current business and legal challenges faced by many mortgage businesses - including declining margins, LO compensation trends and evolving roles requiring new skillsets and regulations complicating the compensation of LOs - and discuss possible regulatory relief on the horizon.

"2019 will be a challenging year for many independent mortgage bankers. Decreasing volume, increasing rates and unrelenting operational demands require lenders to be very diligent and strategic about their recruiting and compensation decisions," Brewer said. "I look forward to sharing insights on how lenders are adjusting LO comp plans to reflect market changes, and what lenders can do to incentivize more production while also streamlining efficiencies within lending organizations."

Also that day, Brewer will provide a demonstration of LBA Ware's flagship platform CompenSafe(TM) in the general session, "TechLive - Technology Solutions for the Mortgage Lifecycle," taking place from 3:30 - 5:30 p.m. PT in the Grand Ballroom. The session, led by MBA Chief Economist and Vice President of Research and Industry Technology, Michael Fratantoni, Ph.D., will provide a platform for the executives of six leading mortgage technology firms to show how their products are solving business problems for mortgage lenders. In this interactive session, attendees are invited to ask questions and participate in live polling.

About LBA Ware:

Founded in 2008, LBA Ware's mission is to inspire opportunity by delivering solutions that are essential to the way mortgage companies operate. We are a trusted partner and play a key role in our clients' success by enabling them to motivate, incentivize and better leverage the human potential within their organizations. Our applications automate traditionally manual business processes for which an existing software solution does not exist, empowering lenders to create an integrated software environment that maximizes their productivity and operational efficiency.

For more information about LBA Ware and our software solutions, visit https://lbaware.com.

Twitter: @LBAWare @MBAMortgage #MBAIMB19 #mortgagebanking

LBA Ware(TM), provider of the leading automated compensation and sales performance management platform for mortgage lenders, today announced that its Founder and CEO Lori Brewer will be a panelist at the Mortgage Bankers Association's (MBA) 2019 Independent Mortgage Bankers (IMB) Conference, which will be held January 28-31 at the Hyatt Regency San Francisco.

Related link: https://lbaware.com/

Bank of Southern California, N.A. Names Bill Lamison Vice President, Underwriter

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, has announced the appointment of Bill Lamison as Vice President, Underwriter. He will join the company's established business banking team and will be responsible for structuring, analyzing and underwriting commercial credit for new clients as well as managing an existing portfolio of customers.

Mr. Lamison brings nearly 40 years of industry experience covering all aspects of commercial, consumer and real estate lending. Most recently, he served as Senior Vice President, Senior Credit Analyst for the Commercial Real Estate Group at Silvergate Bank. Active in the community, he is a member of the La Jolla Rotary Club and supports fundraising efforts for La Jolla YMCA and United Way. Bill holds a bachelor's degree from Eisenhower College in New York.

"We are excited to welcome Bill to our business banking team," said Tony DiVita, Executive Vice President and Chief Banking Officer. "Bill's depth of underwriting knowledge and industry experience will be instrumental as we continue to expand our reach and provide financing for even more small to mid-sized businesses throughout Southern California," concluded DiVita.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients.

The Bank currently operates ten branches in San Diego County, Los Angeles County, and the Coachella Valley in Riverside County, as well as production offices in Orange County and West Los Angeles.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

Tickers: OTC Pink:BCAL / OTC:BCAL / OTCMKTS: BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, has announced the appointment of Bill Lamison as Vice President, Underwriter. He will join the company's established business banking team and will be responsible for structuring, analyzing and underwriting commercial credit for new clients as well as managing an existing portfolio of customers.

Related link: https://www.banksocal.com/

MCT’s Danyel Shipley Honored as one of Mortgage Banking’s Most Powerful Women for 2018 by NMP Magazine

SAN DIEGO, Calif. /ScoopCloud/ -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that long-time employee Danyel Shipley was name to National Mortgage Professional Magazine's (NMP) 2018 list of Mortgage Banking's Most Powerful Women.

NMP says that the honorees were selected based on their accomplishments where they were instrumental to a major industry innovation, overcoming some seemingly insurmountable obstacle in their career to rise to the top, blaze new trails, the extent of their background and experience in the industry, and how connected they are. In addition, officials at the magazine stated that when compiling the inaugural list, they took three key words into consideration: "Pioneer, Leader and Innovator."

"I am honored to be recognized by NMP magazine for this prestigious award and flattered by all of the support from my peers," said Shipley. "My career in the mortgage industry has been dynamic, fun and challenging. But more than anything, my time spent in helping MCT grow its business and launching new, innovative products and services for the secondary market to leverage has been the most rewarding to date, and I look forward to my future with the firm."

Danyel Shipley has extensive experience in mortgage lending with an emphasis in capital markets. In her current role at MCT, she has demonstrated exceptional expertise in capital markets consulting. She has been in the mortgage industry since the very beginning of her career, possessing nearly 14 years of experience. Throughout her career, Danyel has worked her way up the ladder as a Loan Officer, Team Lead & Trainer, Branch Manager, Secondary Marketing Trading Analyst, Sales Executive, and is currently MCT's Regional Sales Director for the West.

At MCT, she has been a key contributor in expanding the company's West Coast territory by bringing on new lender clients. Other highlights of Danyel's contributions include providing hedging strategies training, working internally to promote process improvement in the client onboarding process, supporting the development of strategic industry alliances, and effectively communicating

MCT's extensive offering of integrated hedging advisory services, secondary marketing software, business intelligence, MSR services, and more to clients and vendor partners. She plays an instrumental role in coordinating the annual MCT Exchange conference, which is highly regarded for its caliber of prominent attendees and renowned industry keynote speakers. She is known for her high-energy persona, passion, dedication, and willingness to mentor and help her peers be as successful as possible.

"We are excited than Danyel has earned a spot on NMP's list of Mortgage Banking's Most Powerful Women for 2018," stated Tom Farmer, Managing Director and SVP of National Sales at MCT. "Danyel has worked diligently over the years to provide second-to-none support for MCT's clients and partners, and has played an important role in introducing multiple service offerings, business solutions and software applications to the marketplace. She is a huge asset to the sales and marketing team here at MCT and an industry-leading professional in capital markets."

Danyel is very active in her local community, while additionally serving on the Board of Directors for Cortez Racing Association where she coordinates 12 regattas annually and Co-Chairs a 10 week regatta series. She consistently attends Mortgage Bankers Association conferences (MBA) and events, as well as state-based MBA shows and regional events. She holds a Bachelor of Arts in Management from the University of Redlands.

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) has grown from a boutique mortgage pipeline hedging firm into the industry's leading provider of fully-integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations,business intelligence analytics, mark to market services, rate sheet generation services, and an award-winning comprehensive capital markets software platform called MCTlive! MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes.

Headquartered in San Diego, California, MCT also has offices in Philadelphia, Santa Rosa, Los Angeles and Dallas. MCT is well known for its team of decorated capital markets experts and senior traders who continue to provide the boutique-style hands-on engagements clients love. For more information, visit https://mct-trading.com/ or call (619) 543-5111.

About NMP:

National Mortgage Professional Magazine (NMP) has become "The Source for Top Originators" - that connects the mortgage professional community under various media formats. Our exceptional team of industry-seasoned monthly contributors combined with our knowledgeable editorial staff, all with meaningful expertise in their respectful disciplines, provide the most up-to-date news, insight and advice for today's mortgage professional. We are committed to ensuring that today's industry is equipped with the most comprehensive understanding of mortgage news available through our many resources, including, but not limited to, articles in the print edition of National Mortgage Professional Magazine and 38 state-specific e-editions, the NMP Daily and NMP Ticker email newsletters, the exclusive daily news stories and postings on our website https://nationalmortgageprofessional.com, and our regular series.

The publication also owns and operates the Mortgage News Network (MNN), a video news source that provides mortgage firms with a resource for news and information as well as a platform for telling their story and sharing their views directly, and in person. https://mortgagenewsnetwork.com/.

Twitter: @mcttrading @NatlMortgagePro

Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that long-time employee Danyel Shipley was name to National Mortgage Professional Magazine's (NMP) 2018 list of Mortgage Banking's Most Powerful Women.

Related link: https://mct-trading.com/

Bank of Southern California, N.A. Names Lori Boucher Vice President Branch Manager in La Quinta

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has named Lori Boucher Vice President, Branch Manager. She will be responsible for sales and service of both consumer and business relationships at Bank of Southern California's La Quinta branch in Coachella Valley.

Mrs. Boucher is a results-oriented leader with a strong track record of performance, bringing 38 years of banking experience, including fifteen years as a Branch Manager. Prior to joining Bank of Southern California, she served as the Branch Manager of One West Bank's Indian Wells Branch.

"Lori is an outstanding addition to our dynamic Coachella Valley banking team," said Pam Isaacson, Executive Vice President and Chief Administrative Officer. "Her strong sales and results-driven experience, along with her extensive industry knowledge and commitment to delivering superior service, will play a key role in growing Bank of Southern California's regional presence," concluded Isaacson.

About Bank of Southern California

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals and small-to-medium sized businesses.

The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates ten branches in San Diego County, Los Angeles County, the Coachella Valley in Riverside County, as well as production offices in Orange County and West Los Angeles.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

*PHOTO link for media: Send2Press.com/300dpi/19-0102s2p-boucher-300dpi.jpg
*Photo Caption: Bank of Southern California names Lori Boucher Vice President, Branch Manager.

Tickers: OTC Pink:BCAL / OTC:BCAL / OTCMKTS: BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has named Lori Boucher Vice President, Branch Manager. She will be responsible for sales and service of both consumer and business relationships at Bank of Southern California's La Quinta branch in Coachella Valley.

Related link: https://www.banksocal.com/

United Community Bank Picks LBA Ware’s CompenSafe for Efficient, Flexible Automation of Loan Originator and Processor Commissions

MACON, Ga. /ScoopCloud/ -- LBA Ware(TM), provider of the leading automated incentive compensation and sales performance management platform for mortgage lenders, announced today that Georgia-based United Community Banks, Inc. (NASDAQ: UCBI) ("United") has deployed CompenSafe(TM) to automate loan originator (LO) and processor commissions.

The FDIC-insured community bank has been using CompenSafe to efficiently and compliantly automate commissions for its 80 LOs and supporting loan processors since August. CompenSafe's built-in integrations with the bank's payroll provider and Ellie Mae(R) Encompass(R) loan origination system (LOS) helped make the bank's transition away from spreadsheets a smooth one.

"Before CompenSafe, our commissions process was arduous and ate up a lot of man-hours," said Mike Davies, president of United Community Bank Mortgage Services, the mortgage lending division of United. "Our outdated process required several steps with manual input that we knew would not be sustainable as our company continues to grow."

"We wanted a more efficient process - something that would stand up to audits and that could be monitored, managed and scaled for growth," Davies continued. "CompenSafe was a brilliant choice for us because of its out-of-the-box integrations with our payroll and origination systems. It's greatly simplified the commissions process and given our HR, accounting and audit departments a high degree of confidence that everything is done with exactness and thoroughly documented."

CompenSafe gives United much-needed flexibility to control its own compensation schedules, including the ability to specify multiple KPIs and payout tiers. For example, while the bank's LOs earn commissions based on the number and volume of loans closed, its processors are bonused based on performance metrics like speed and quality. Commission projections are updated automatically in CompenSafe as loans close and are available to LOs and processors on-demand to help motivate performance.

"We're proud to offer United Community Bank a flexible solution for automating not just LO commissions, but also performance-based bonus payouts for loan processors, whose quality and speed of work is essential to delivering an exceptional borrower experience," said LBA Founder and CEO Lori Brewer. "CompenSafe helps producers stay motivated and lets banks say goodbye to manual, spreadsheet-driven processes without missing a beat when it comes to maintaining a compliant audit trail."

About United Community Banks, Inc.:

United Community Banks, Inc. (NASDAQ: UCBI) is a bank holding company headquartered in Blairsville, Georgia with $12.4 billion in assets. The company's banking subsidiary, United Community Bank, is one of the southeast region's largest full-service banks, operating 150 offices in Georgia, North Carolina, South Carolina and Tennessee at the end of the most recent quarter. The bank specializes in personalized community banking services for individuals, small businesses and corporations. Services include a full range of consumer and commercial banking products including mortgage, advisory, and treasury management. Respected national research firms consistently recognize United Community Bank for outstanding customer service.

For the last five years, J.D. Power has ranked United Community Bank first in customer satisfaction in the Southeast. In 2018, for the fifth consecutive year, Forbes magazine included United on its list of the 100 Best Banks in America. Additional information about the company and the bank's full range of products and services can be found at https://www.ucbi.com/.

About LBA Ware:

Founded in 2008, LBA Ware's mission is to inspire opportunity by delivering solutions that are essential to the way mortgage companies operate. We are a trusted partner and play a key role in our clients' success by enabling them to motivate, incentivize and better leverage the human potential within their organization. Our applications automate traditionally manual business processes for which an existing software solution does not exist, empowering lenders to create an integrated software environment that maximizes their productivity and operational efficiency. For more information about LBA Ware and our software solutions, visit https://lbaware.com.

Twitter: @LBAWare @ucbi #CompenSafe

LBA Ware, provider of the leading automated incentive compensation and sales performance management platform for mortgage lenders, announced today that Georgia-based United Community Banks, Inc. (NASDAQ: UCBI) ("United") has deployed CompenSafe to automate loan originator (LO) and processor commissions.

Related link: https://lbaware.com/

Bank of Southern California, N.A. Names Joshua Mello Managing Director in San Diego

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Joshua Mello as Managing Director. He will be responsible for developing and managing a portfolio of commercial clients in the greater San Diego region.

Mr. Mello brings more than 11 years of banking experience, covering business lending, small business client acquisition and branch management. Most recently, he served as Vice President, Relationship Manager of Commercial Banking for Banc of California in La Jolla.

Active in the community, Mr. Mello volunteers as a Board Member for Junior Achievement's Young Executive Society. He holds a bachelor's degree from Johnson & Wales University.

"Joshua is a deeply rooted and experienced banker with a reputation for excellence," said Tony DiVita, Executive Vice President and Chief Banking Officer. "The addition of Joshua to our business banking team is an important step for strengthening and growing Bank of Southern California's presence in San Diego," concluded DiVita.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients.

The Bank currently operates eleven branches in San Diego County, Los Angeles County, the Coachella Valley in Riverside County, as well as production offices in West Los Angeles and Orange County.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

Tickers: OTC Pink:BCAL / OTC:BCAL / OTCMKTS: BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Joshua Mello as Managing Director. He will be responsible for developing and managing a portfolio of commercial clients in the greater San Diego region.

Related link: https://www.banksocal.com/

Bank of Southern California NA Hires Pamela Marble as Managing Director in Orange County

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Pamela Marble as Managing Director in Orange County. In this role, she will be responsible for business development and client relationship management. Bank of Southern California plans to transition its local production office into a full-service Regional office in the first quarter next year.

Mrs. Marble joins Bank of Southern California with more than 35 years of industry experience in management, sales, and operations, with a primary focus on providing depository solutions to small to mid-sized businesses and Homeowner Associations.

She most recently served as Vice President Deposit Relationship Manager, Deposit Services for HomeStreet Bank in Orange County. Actively involved in the community, she is a member of the Community Association Institute and past member of Manhattan Beach, Torrance and Harbor Gateway Chambers.

"Pamela is an outstanding addition to our business banking group and will further enhance Bank of Southern California's presence in the Orange County and surrounding markets," said Tony DiVita, Executive Vice President and Chief Banking Officer.

"She brings a wealth of industry and market experience, with a strong reputation building profitable and lasting client relationships," concluded DiVita.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients.

The Bank currently operates eleven branches in San Diego County, Los Angeles County, the Coachella Valley in Riverside County, as well as production offices in West Los Angeles and Orange County.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

###

Tickers: OTC Pink:BCAL / OTC:BCAL / OTCMKTS: BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Pamela Marble as Managing Director in Orange County. In this role, she will be responsible for business development and client relationship management.

Related link: https://www.banksocal.com/

Bank of Southern California, N.A. Opens West Los Angeles Office

LOS ANGELES, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, Calif., is pleased to announce its continued expansion in Los Angeles with the opening of a new production office in West Los Angeles.

The office, located at 11150 Santa Monica Blvd., Suite 890, will be Bank of Southern California's fifth location in the County, further demonstrating its commitment to the vibrant Los Angeles business community.

"The opening of this production office further expands our network and presence in the region, providing us with the opportunity to meet the growing demand of businesses throughout Los Angeles County," said Nathan Rogge, President and CEO of Bank of Southern California.

"The West Los Angeles market is attractive, not only because of its proximity to the Bank's existing footprint, but also because of the number of thriving and prosperous businesses in the region left unserved by larger banks," Rogge added.

The West Los Angeles office will be staffed with Soly Cangarlu, Branch Manager, Jackline Saidian, Branch Service Manager, and Ann Torrico, Managing Director. They each bring deep, local roots and extensive industry and market expertise.

"The company's strategic vision is to become a leading community business bank serving the Southern California region, and grow into the Bank's name as it implies," said Rogge. "Bank of Southern California has grown significantly in recent years through a combination of organic growth and acquisition, and we are continuing to pursue new market growth opportunities in 2019."

"Our clients recognize the value of our relationship-based, solutions-driven approach, which combines the sophisticated financial expertise and tools of a large bank with the genuine, personalized service and local engagement of a community bank. We are pleased that we can now better serve Orange County businesses," concluded Rogge.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients.

The Bank currently operates ten branches in San Diego County, Los Angeles County, the Coachella Valley in Riverside County, as well as production offices in Orange County and West Los Angeles.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

Bank locations: https://www.banksocal.com/about-us/locations/

Tickers: OTC Pink:BCAL / OTC:BCAL / OTCMKTS:BCAL / OP: BCAL

Bank of Southern California, N.A. ( OTC Pink: BCAL / OTCMKTS:BCAL ), a community business bank headquartered in San Diego, Calif., is pleased to announce its continued expansion in Los Angeles with the opening of a new production office in West Los Angeles.

Related link: https://www.banksocal.com/

Bank of Southern California NA Hires Juliana Rowland as Managing Director in Orange County

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Juliana Rowland as Managing Director in Orange County. She will be responsible for cultivating new client relationships for the Bank with a focus on Orange County's business community.

Bank of Southern California first entered the market in January 2018 with the opening of a production office in the city of Orange and plans to open a full-service branch early next year.

Mrs. Rowland brings nearly 14 years of banking experience, most recently serving as Business Banking Sales Manager, First Vice President for CommerceWest Bank in Irvine. She holds a bachelor's degree from the University of Texas.

"Juliana will be a great asset to our experienced business banking group. Her expertise, leadership, and commitment to the business community will be a valuable resource to both our team and clients," said Tony DiVita, Executive Vice President and Chief Banking Officer.

"We look forward to Juliana's contributions as Bank of Southern California continues to build upon its success and realize additional growth opportunities in Orange County," concluded DiVita.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, CA, is locally owned and managed, and offers a range of financial products to individuals, professionals and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients.

The Bank currently operates eleven branches in San Diego County, Los Angeles County, the Coachella Valley in Riverside County, as well as a production office in Orange County.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

Tickers: OTC Pink:BCAL / OTC:BCAL / OTCMKTS: BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Juliana Rowland as Managing Director in Orange County. She will be responsible for cultivating new client relationships for the Bank with a focus on Orange County's business community.

Related link: https://www.banksocal.com/

Bank of Southern California, NA Announces Third Quarter 2018 Financial Results (OTC:BCAL)

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL) announced quarterly net income of $874,988 for the third quarter of 2018, compared to $1,088,043 for the third quarter of 2017. For the nine months ended September 30, 2018, net income was $3,253,441, compared to $2,830,295 for the nine months ended September 30, 2017. Results for the quarter and nine months ended September 30, 2018, include approximately $1.2 million and $1.6 million, respectively, in expenses related to the acquisition of Americas United Bank (OTC Pink: AUNB), which was completed on July 31, 2018.

Commenting on the recently completed acquisition of Americas United Bank, Nathan Rogge, President and CEO of Bank of Southern California said, "We are pleased to welcome Americas United Bank customers, employees, and shareholders to Bank of Southern California. We look forward to capitalizing on our newly expanded footprint and realizing greater efficiencies for the benefit of our shareholders, customers and the communities we serve."

"In addition to leveraging Americas United Bank's talented employees, we also hired several tenured and experienced commercial bankers to further expand on the small business opportunities in the market. We are well positioned to meet the needs of the Southern California business community and look forward to continued growth and success," concluded Rogge.

Total assets at September 30, 2018, were $735 million, up 57% from $468 million at September 30, 2017. Total loans increased to $607 million at September 30, 2018, compared to $387 million at September 30, 2017, an increase of $219 million, while total deposits were $633 million at September 30, 2018, compared to $418 million at September 30, 2017, an increase of $215 million. The increase in total assets, loans and deposits is largely attributable to the acquisition of AUNB, which added approximately $190 million in loans and $203 million in deposits on July 31, 2018.

Other Financial Highlights
* Net interest income for the quarter ended September 30, 2018, increased 27.5% to $6.7 million from $5.3 million in the prior quarter, primarily from the 26% increase in average earning assets. Net interest margin of 4.23% includes 6 basis points of fair valuation accretion, which is similar to prior quarters. Net interest income will increase, along with average earning assets, in the fourth quarter as we realize a full period post-merger and the relative impact of fair value accretion is also expected to increase in the fourth quarter.
* Additional cost savings related to synergies from the acquisition of AUB, such as post-conversion data processing expenses, will continue to be realized in the fourth quarter.
* Nonperforming assets were 0.51% of total assets at September 30, 2018, compared to 0.53% in the prior quarter. The allowance for loan losses (ALLL) was 0.65% of total loans at September 30, 2018, compared to 0.83% in the prior quarter; however, when including over $2.8 million in loan fair value credit marks (LFVCM), the ALLL and LFVCM represent 1.11% of total loans.
* The Bank continues to be "well-capitalized". After raising $26 million in capital earlier in 2018 and completing the merger July 31, 2018, the Bank reported total risk-based capital of 14.3% as of September 30, 2018, up from 13.5% at December 31, 2017.

[Quarterly Financial Highlights Table Follows]

For more details about our quarterly results, please visit the "About Us" / "Financials" page of our website - https://www.banksocal.com/about-us/financials/ - and follow the link labeled: Quarterly Results and Trends

About Bank of Southern California:
A growing community bank established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, CA, is locally owned and managed, and offers a range of financial products and services to individuals, professionals, and small-to-mid sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates eleven branches in San Diego County, Los Angeles County, and the Coachella Valley in Riverside County, and a production office in Orange County.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

Forward-Looking Statements
This news release may contain comments or information that constitute forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) and Bank of Southern California intends for such forward-looking statements to be covered by the safe harbor provisions of that Act.

Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Future events are difficult to predict. Forward-looking statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this news release. Factors that might cause such differences include, but are not limited to: the ability of the Bank to successfully execute its business plan; changes in interest rates and interest rate relationships; changes in demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking legislation or regulation; changes in tax laws; changes in prices, levies and assessments; the impact of technological advances; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; and changes in the national and local economy.

Bank of Southern California undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise.

Contact: Tony DiVita
Bank of Southern California
(858) 847-4783
tdivita@banksocal.com

Bank of Southern California Quarterly Financial Highlights (Unaudited)
		Quarterly					9 Months YTD
($$ in thousands except per share data)		2018	2018	2018	2017	2017
		3rd Qtr	2nd Qtr	1st Qtr	4th Qtr	3rd Qtr	2018	2017
EARNINGS
Net interest income	$	6,736	5,282	4,851	4,711	4,802	16,869	13,041
Provision for loan losses	$	450	400	300	0	0	1,150	271
NonInterest income	$	577	602	1,098	799	380	2,277	1,410
NonInterest expense	$	5,587	3,652	4,053	3,245	3,389	13,292	9,477
Income tax expense	$	401	526	524	1,132	705	1,451	1,872
Net income	$	875	1,306	1,072	1,134	1,088	3,253	2,830

Basic earnings per share	$	0.11	0.19	0.20	0.22	0.21	0.49	0.55
Average shares outstanding		7,689,827	6,991,327	5,281,297	5,221,606	5,219,095	6,654,150	5,179,196
Ending shares outstanding		8,398,092	6,998,750	6,953,720	5,223,627	5,221,197	8,398,092	5,221,197

PERFORMANCE RATIOS
Return on average assets		0.52%	1.00%	0.90%	0.95%	0.96%	0.77%	0.87%
Return on average common equity		3.77%	6.85%	8.53%	9.08%	8.93%	5.93%	8.10%
Yield on loans		5.30%	5.38%	5.13%	4.94%	5.39%	5.26%	5.08%
Yield on earning assets		4.87%	4.78%	4.78%	4.62%	4.85%	4.78%	4.58%
Cost of deposits		0.72%	0.62%	0.53%	0.47%	0.41%	0.63%	0.36%
Net interest margin		4.23%	4.22%	4.27%	4.17%	4.46%	4.21%	4.24%
Efficiency ratio		76.40%	62.06%	68.13%	58.87%	65.40%	69.42%	65.58%

CAPITAL
Tangible equity to tangible assets		11.14%	14.54%	14.14%	10.10%	10.12%	11.14%	10.12%
Book value (BV) per common share	$	11.77	11.00	10.79	9.51	9.31	11.77	9.31
Tangible BV per common share	$	9.49	10.81	10.59	9.25	9.04	9.49	9.04

ASSET QUALITY
Net loan charge-offs (recoveries)	$	(29)	341	(9)	210	(106)	304	(95)
Allowance for loan losses (ALLL)	$	3,922	3,443	3,385	3,076	3,286	3,922	3,286
ALLL to total loans		0.65%	0.83%	0.83%	0.77%	0.85%	0.65%	0.85%
Loan fair value credit marks (LFVCM)	$	2,834	681	759	779	847	2,834	847
ALLL and LFVCM to total loans		1.11%	0.99%	1.01%	0.97%	1.07%	1.11%	1.07%
Nonperforming loans	$	3,733	2,747	1,272	1,362	1,086	3,733	1,086
Other real estate owned	$	0	0	0	0	0	0	0
Nonperforming assets to total assets		0.51%	0.53%	0.24%	0.28%	0.23%	0.51%	0.23%

END OF PERIOD BALANCES
Total loans	$	606,753	414,925	409,196	399,402	387,790	606,753	387,790
Total assets	$	734,923	521,437	522,118	479,512	467,976	734,923	467,976
Deposits	$	632,803	442,046	444,300	407,485	417,519	632,803	417,519
Loans to deposits		95.88%	93.86%	92.10%	98.02%	92.88%	95.88%	92.88%
Shareholders' equity	$	98,865	77,006	75,016	49,698	48,619	98,865	48,619
Full-time equivalent employees		94	65	73	76	63	94	63

AVERAGE BALANCES (QTRLY) \| \| (YTD)
Total loans	$	540,165	407,779	403,693	394,864	359,961	452,590	349,090
Earning assets	$	632,508	501,776	460,636	447,834	426,992	535,650	411,325
Total assets (net of AFS valuation)	$	670,942	525,934	484,628	471,271	450,737	565,060	435,160
Deposits	$	569,424	446,815	425,641	419,101	401,147	482,113	386,972
Shareholders' equity	$	92,091	76,440	50,983	49,548	48,325	73,322	46,704

Tickers: OTC Pink:BCAL / OTC:BCAL / OTCMKTS: BCAL / OP: BCAL / OTCMKTS:AUNB / OTC:AUNB

Bank of Southern California, N.A. (OTC Pink: BCAL) announced quarterly net income of $874,988 for the third quarter of 2018, compared to $1,088,043 for the third quarter of 2017. For the nine months ended September 30, 2018, net income was $3,253,441, compared to $2,830,295 for the nine months ended September 30, 2017. Results for the quarter and nine months ended Sept. 30, 2018, include approximately $1.2 million and $1.6 million, respectively, in expenses related to the acquisition of Americas United Bank (OTC Pink: AUNB), which was completed on July 31, 2018.

Related link: https://www.banksocal.com/

Bank of Southern California NA Announces Senior Vice President Promotions

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, Calif., announced the promotions of Margaret Rheinwald to Senior Vice President, Controller and Sharokin Badal to Senior Vice President, Treasury Services. The promotions reflect their years of service with the bank and their meaningful contributions to support the company's ongoing growth and expansion.

Margaret Rheinwald - Senior Vice President, Controller -

Ms. Rheinwald joined Bank of Southern California in 2014 as Vice President, Controller with nearly fifteen years of accounting and finance experience in the banking industry. She has been successful in leading and managing an efficient Finance and Accounting Department and has played a significant role in supporting the bank's strategic M&A goals.

Sharokin Badal - Senior Vice President, Treasury Services -

Mr. Badal joined the company in 2008 as Vice President, Cash Management Officer with more than eleven years of industry experience. He has been instrumental in developing a suite of competitive treasury products to meet the needs of businesses. He also has assembled a team of key personnel to support the digital banking and treasury needs of Bank of Southern California clients.

"I am pleased to recognize these individuals and the contributions they have made to support the company's continuous growth and expansion," said Nathan Rogge, President and CEO of Bank of Southern California. "They have both demonstrated strong leadership and management of their respective departments and I am confident they will continue to drive high performing results for Bank of Southern California," Rogge added.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients.

The Bank currently operates eleven branches in San Diego County, Los Angeles County, the Coachella Valley in Riverside County, as well as a production office in Orange County.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

Tickers: OTC Pink:BCAL / OTC:BCAL / OTCMKTS: BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, Calif., announced the promotions of Margaret Rheinwald to Senior Vice President, Controller and Sharokin Badal to Senior Vice President, Treasury Services. The promotions reflect their years of service with the bank and their meaningful contributions to support the company's ongoing growth and expansion.

Related link: https://www.banksocal.com/

Bank of Southern California, N.A. Names Helen Johnson Senior VP, Loan Administration Manager

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, is pleased to announce that Helen Johnson has joined the company as Senior Vice President, Loan Administration Manager.

She will be responsible for all functions related to loan processing, documentation, compliance and loan servicing.

Mrs. Johnson is an accomplished banking professional with a wealth of experience covering SBA lending, loan processing, business development, and portfolio management in the San Diego market. Prior to joining Bank of Southern California, she served as Vice President, Business Development Officer for CapitalSource, a division of Pacific Western Bank. With a commitment to the community, she served as the emeritus President and Board Member of the Escondido East Rotary Club.

"Helen's thirty-eight-year banking career, including twenty-five years in SBA lending, will be an asset as we look to further develop and expand our loan administration group," said Robert Marshall, Executive Vice President, Chief Credit Officer. "Her in-depth knowledge of commercial lending will be invaluable to our continued growth in the Southern California region," concluded Marshall.

About Bank of Southern California

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals and small-to-medium sized businesses.

The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates eleven branches in San Diego County, Los Angeles County, the Coachella Valley in Riverside County, as well as a production office in Orange County.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

Tickers: OTC Pink:BCAL / OTC:BCAL / OTCMKTS: BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, is pleased to announce that Helen Johnson has joined the company as Senior Vice President, Loan Administration Manager.

Related link: https://www.banksocal.com/

Bank of Southern California, N.A. Appoints Ann Torrico as Managing Director

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Ann Torrico as Managing Director in Los Angeles. She will be responsible for expanding Bank of Southern California's market presence by actively seeking new business opportunities in the Greater Los Angeles region with a focus in West Los Angeles and South Bay.

Bank of Southern California first entered the Los Angeles market on August 1, 2018 through its successful acquisition of Americas United Bank.

Mrs. Torrico brings nearly 17 years of industry experience with a focus on private client and commercial banking relationships, providing guidance and superior service to help her clients achieve their financial objectives. Most recently, she served as Private Banking Director, Senior Relationship Manager for a well-known regional bank in Manhattan Beach. She holds a bachelor's degree from the University of Maryland and a Master of Arts from National University in Los Angeles.

"Ann is an accomplished banking professional with strong market knowledge, deep roots, and a long history of delivering custom financial solutions to entrepreneurs, professionals, and small to mid-sized businesses throughout Los Angeles County," said Tony DiVita, Executive Vice President and Chief Banking Officer. "Ann will be a strong addition to our newly expanded Los Angeles banking team," concluded DiVita.

About Bank of Southern California

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates eleven branches in San Diego County, Los Angeles County, the Coachella Valley in Riverside County, as well as a production office in Orange County.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

Tickers: OTC Pink:BCAL / OTC:BCAL / OTCMKTS: BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the appointment of Ann Torrico as Managing Director in Los Angeles. She will be responsible for expanding Bank of Southern California's market presence by actively seeking new business opportunities in the Greater Los Angeles region with a focus in West Los Angeles and South Bay.

Related link: https://www.banksocal.com/

Bank of Southern California, N.A. Names Soly Cangarlu Vice President, Branch Manager in West L.A.

17-1117-bank-of-so-calif-696x522.jpg /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has named Soly Cangarlu Vice President, Branch Manager. She will be responsible for developing client relationships and expanding the bank's presence in West Los Angeles.

Currently, the bank is in the process of identifying a de-novo branch location which will become the bank's West Los Angeles branch. This will be Bank of Southern California's fifth location in Los Angeles County, further demonstrating the company's commitment to serving this vibrant and important Southern California market.

Mrs. Cangarlu is an accomplished and seasoned banking professional with more than 30 years' experience in the banking industry and deep roots in the Los Angeles market. Prior to joining Bank of Southern California, she served as the Vice President, Branch Manager for a regional bank in Santa Monica where she was responsible for opening a de-novo office and transforming it into a top-producing branch. She holds a bachelor's degree from California State University, Los Angeles.

"Soly brings extensive experience in developing and leading banking teams throughout Los Angeles County and will play a key role in supporting our continued growth as we further our expansion in the Los Angeles region," said Nathan Rogge, President and Chief Executive Officer.

"Soly's expertise and proven leadership is a great addition to Bank of Southern California's newly expanded branch banking team," concluded Rogge.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates eleven branches in San Diego County, Los Angeles County, the Coachella Valley in Riverside County, as well as a production office in Orange County.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

*LOGO Link for Media: Send2Press.com/300dpi/18-0118s2p-bank-so-cal-300dpi.jpg

Tickers: OTC Pink:BCAL / OTC:BCAL / OTCMKTS: BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has named Soly Cangarlu Vice President, Branch Manager. She will be responsible for developing client relationships and expanding the bank's presence in West Los Angeles.

Related link: https://www.banksocal.com/

Bank of Southern California N.A. Names Laura H. Araluce Vice President, Branch Manager

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, is pleased to announce that Laura H. Araluce has joined the company as Vice President, Branch Manager. She will be responsible for growing Bank of Southern California's presence in Orange County.

The company first announced plans to enter the market in January 2018, through the opening of a loan production office in the city of Orange. The bank is currently in the process of identifying a permanent branch location which will also serve as its regional banking center in the market.

Mrs. Araluce has a demonstrated track record of helping local businesses grow and succeed. She brings more than 30 years of banking and branch management experience to her role. Most recently, she served in a similar role for a well-known regional bank managing two Orange County offices.

"Laura is a highly-regarded Branch Manager offering extensive in-market expertise, a proven record of success, a strong commitment to the community and a dedication to providing best in class customer service," said Nathan Rogge, President and Chief Executive Officer.

"The addition of Laura to our branch banking team is an important step in growing Bank of Southern California's footprint and expanding our Orange County presence," concluded Rogge.

About Bank of Southern California

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates eleven branches in San Diego County, Los Angeles County, the Coachella Valley in Riverside County, as well as a production office in Orange County.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

Tickers: OTC Pink:BCAL / OTC:BCAL / OTCMKTS: BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, is pleased to announce that Laura H. Araluce has joined the company as Vice President, Branch Manager. She will be responsible for growing Bank of Southern California's presence in Orange County.

Related link: https://www.banksocal.com/

Bank of Southern California, N.A. Expands Los Angeles Banking Team with the Addition of Three Branch Managers

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, Calif., announced the addition of three tenured Branch Managers to support the company's recent expansion into Los Angeles County.

Sergio Gomez - Vice President, Branch Manager, Santa Fe Springs and Commerce:
Mr. Gomez has joined Bank of Southern California as Vice President, Branch Manager and will focus on deposit acquisition, sales and relationship development for the Santa Fe Springs and Commerce offices. He brings 23 years of local banking experience, specializing in business banking, internal branch operations and branch management. Mr. Gomez was formerly Vice President, Branch Manager for a regional bank's Montebello and Downey offices.

Carlos Huiza - Vice President, Branch Manager, Lancaster:
Mr. Huiza has joined the company as Vice President, Branch Manager and will oversee deposit growth, sales and profitability for the Lancaster branch. He has more than 18 years of experience working for business banks in the Los Angeles market. Mr. Huiza was previously Vice President, Branch Manager for a California-based bank in Woodland Hills and Calabasas. He holds a bachelor's degree from University of Phoenix.

Stuart Cano - Vice President, Branch Manager, Glendale:
Mr. Cano has joined the Bank as Vice President, Branch Manager and will be responsible for the customer service, performance and profitability of the Glendale branch, as well as staff development. With 25 years of banking experience, he is a well-known and respected banking professional with a commitment to delivering superior service. Prior to joining the Bank, he held a similar role at a California-based business bank. Active in the community, Mr. Cano is involved in numerous philanthropic organizations and serves as Board Chair for New Horizons Charter Academy. He holds a bachelor's degree from Instituto Latino Americano in Honduras.

"The Bank's recent expansion into Los Angeles through our acquisition of Americas United Bank, makes this is a natural time to grow and strengthen our branch banking team," said Nathan Rogge, President and Chief Executive Officer. "The addition of these three experienced and proven leaders will allow us to further develop the Los Angeles market and reinforce our commitment to the Southern California community," noted Rogge.

About Bank of Southern California:
A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates eleven branches in San Diego, Los Angeles, the Coachella Valley in Riverside County, as well as a production office in Orange County.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

Tickers: OTC Pink:BCAL / OTC:BCAL / OTCMKTS: BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, Calif., announced the addition of three tenured Branch Managers to support the company's recent expansion into Los Angeles County.

Related link: https://www.banksocal.com/

Bank of Southern California NA Completes Acquisition of Americas United Bank

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A., San Diego, California (OTC Pink: BCAL / OTCMKTS:BCAL) announced today the completion of its acquisition of Americas United Bank, Glendale, California (OTC Pink: AUNB), effective July 31, 2018. Americas United Bank had total assets of approximately $231 million as of June 30, 2018.

Americas United Bank branches will begin operating as Bank of Southern California branches on August 1, 2018, with systems conversion scheduled in October 2018.

The acquisition of Americas United Bank provides Bank of Southern California with an entry into the vibrant Los Angeles market as the Bank continues its strategic expansion in the Southern California region. With the completion of the acquisition, the combined bank will have assets of approximately $720 million, and increases the number of Southern California branch locations to eleven.

"We are pleased to welcome Americas United Bank customers, employees, and shareholders to Bank of Southern California," commented Nathan Rogge, President and Chief Executive Officer of Bank of Southern California.

"This strategic acquisition provides us with a presence in Los Angeles County and a footprint that allows us to now serve four major metropolitan Southern California markets. Our long-term goal is to build a community business bank in Southern California that supports the economic growth of businesses and the communities we serve," concluded Rogge.

Bank of Southern California also announced that its Board of Directors appointed Adriana M. Boeka as a non-executive director. Mrs. Boeka previously served as President and Chief Executive Officer of Americas United Bank.

"Adriana's broad experience leading successful banking organizations in Southern California add a valuable perspective to our Board of Directors," said John Farkash, Chairman of the Board. "We appreciate her willingness to serve as a director and look forward to her contributions and guidance."

Additionally, Bank of Southern California recently hired Gaylin Anderson, as Executive Vice President, Market Executive to lead the Bank's expansion into Los Angeles County. Mr. Anderson most recently served as Managing Director of Community Banking for Banc of California.

MJC Partners, LLC served as financial advisor and Duane Morris LLP served as legal counsel to Bank of Southern California. Keefe, Bruyette & Woods, A Stifel Company, served as financial advisor and King, Holmes, Paterno & Soriano, LLP served as legal counsel to Americas United Bank.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals, and small-to-medium sized businesses.

The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates eleven branches in San Diego County, Los Angeles County, and the Coachella Valley in Riverside County, and a production office in Orange County.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

Tickers: OTC Pink:BCAL / OTC:BCAL / OTCMKTS: BCAL / OP: BCAL / OTCMKTS:AUNB / OTC:AUNB

Bank of Southern California, N.A., San Diego (OTC Pink: BCAL / OTCMKTS:BCAL) announced today the completion of its acquisition of Americas United Bank (OTC Pink: AUNB), effective July 31, 2018. Americas United Bank had total assets of approximately $231 million as of June 30, 2018.

Related link: https://www.banksocal.com/

Bank of Southern California NA Names Catherine Puckett VP, Business Development Manager

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, is pleased to announce that Catherine Puckett has joined the company as Vice President, Business Development Manager. She will be responsible for expanding Bank of Southern California's business banking client base by actively seeking new business opportunities in the San Diego region.

Mrs. Puckett, a highly-regarded banker with a proven history of results-driven success, has more than fourteen years of experience in business development in the San Diego market. Prior to joining Bank of Southern California, she held a similar role at First Foundation Bank. Active in the community, she is a member of University Club and Rady Children's Hospital Auxiliary. Mrs. Puckett holds a bachelor's degree in International Business from San Diego State University, and an International Business degree from ESSEC Business School in France.

"I am pleased to welcome Catherine to Bank of Southern California's business banking team. Her well-established network in the San Diego market paired with her outstanding reputation for providing superior service, make her a great asset," said Tony DiVita, Executive Vice President and Chief Banking Officer.

"The addition to Catherine to our team is important in expanding our local presence as well as supporting the Bank's overall growth in the Southern California market. Her strong commitment to small to mid-sized businesses as well as the community, make her a great fit," concluded DiVita.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals, and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates seven branches in San Diego and the Coachella Valley in Riverside County, and a production office in Orange County.

For more information, please visit https://www.banksocal.com/ or call 858.847.4780.

Ticker: OTC Pink:BCAL / OTC:BCAL / OTCMKTS:BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, is pleased to announce that Catherine Puckett has joined the company as Vice President, Business Development Manager. She will be responsible for expanding Bank of Southern California's business banking client base by actively seeking new business opportunities in the San Diego region.

Related link: https://www.banksocal.com/

Tips for Selecting the Best Commercial Bank for Your Small Business

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), understands that selecting a commercial bank that fits your company's needs can be a grueling task. Tony DiVita, Chief Banking Officer at Bank of Southern California, shares the following valuable tips to help guide small businesses in selecting the right bank.

1. Relationships Matter:

Every business is unique. Finding an experienced banker that understands the challenges impacting your business and industry are crucial to your success. Community banks are focused on building relationships with their clients and take the time to learn your business. They are invested in your success and want to help you grow and succeed.

2. Timely, Local Decision-Making:

Small businesses often require a quick response time when it comes to obtaining business loans. One of the many benefits of selecting a community bank, is their ability to provide quick decision-making and access to executive management.

3. Custom-Tailored Solutions:

No two customers are the same. Finding a bank that recognizes that every client is unique and is able to provide flexible, financing and cash management solutions is key.

4. Community Focus:

As a small business, you understand the importance of supporting neighboring organizations and giving back to the community. Local banks have a community first mindset and donate a portion of their proceeds to create positive changes. Plus, you will often find employees volunteering and serving in leadership roles for civic and nonprofit organizations.

If you are a small business, and are looking for a relationship-focused bank, Bank of Southern California is quite possibly the right choice for you.

For more information about Bank of Southern California and services for small businesses, visit https://www.banksocal.com/.

About Tony DiVita:

Tony DiVita is Executive Vice President, Chief Banking Officer at Bank of Southern California. With over 30 years of community and regional banking experience, he has a proven track record in the industry and a commitment to success. He works from the Bank's corporate headquarters in Del Mar.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals, and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients.

The Bank currently operates seven branches in San Diego and the Coachella Valley in Riverside County, and a production office in Orange County.

For more information, please visit https://www.banksocal.com/ or call 858-847-4780.

Ticker: OTC Pink:BCAL / OTC:BCAL / OTCMKTS:BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink: BCAL), understands that selecting a commercial bank that fits your company's needs can be a grueling task. Tony DiVita, Chief Banking Officer at Bank of Southern California, shares the following valuable tips to help guide small businesses in selecting the right bank.

Related link: https://www.banksocal.com/

United Fidelity Funding West Hires Victoria Dunn as National Wholesale Account Executive

IRVINE, Calif. /ScoopCloud/ -- United Fidelity Funding West (UFFWest), a rapidly growing national mortgage banker, announced that it added Victoria Dunn to its wholesale lending team of account executives.

Ms. Dunn comes to UFF West from AAG Reverse Mortgage, a respected and trusted leader in the reverse mortgage segment. While at AAG, she ensured superior levels of customer satisfaction assisting seniors in attaining the best solution for their specific financial goals. She developed a very successful track record of building strong relationships and consistently securing referral business via happy customers, effectively demonstrating the value and benefits in partnering with AAG.

"We are pleased to have been able to recruit someone with Victoria's proven background of successful execution and solution-oriented sales skill sets," stated John Bell, principal at UFFWest. "UFFWest is expanding operations and adding talent to capitalize on emerging opportunities in the purchase market business. There is no doubt that Victoria will quickly add value and work well with our tight-knit team of mortgage professionals."

Ms. Dunn possesses a demonstrated history in negotiation, business development, account management, direct sales, product marketing, technology, and essentially all facets of mortgage lending.

"I am excited to join the team at UFFWest and look forward to forging new relationships and expanding the business," said Dunn. "One of the things that attracted me to come on board was UFFWest's commitment to providing excellence in customer service to it originator partners, extensive product line, and great pricing. In addition, UFFWest's ethics, integrity and utilization of technology in order to make doing business with originators easy, quick and efficient are highly regarded within the industry."

About United Fidelity Funding West:

Based in Irvine, Calif., United Fidelity Funding West (UFFWest) is comprised of a highly experienced team of mortgage banking professionals who are focused on the wholesale lending channel. UFFWest utilizes the very best in wholesale mortgage technology and is laser-focused on providing brokers and their borrowers with the highest level of service on every single loan, every single time. UFFWest prides itself on creating personalized relationships with its partners.

The company offers partners individualized, hands-on service from the point of submission all the way through funding by having a dedicated team of employees ready to assists at every milestone of the lending process, ensuring a very smooth and easy transaction. The core team at UFFWest has been working closely together for more than 10 years, and has a companywide mantra of "Lending at a Higher Level."

For more information, visit https://uffwest.com/.

United Fidelity Funding West (UFFWest), a rapidly growing national mortgage banker, announced that it added Victoria Dunn to its wholesale lending team of account executives. Ms. Dunn possesses a demonstrated history in negotiation, business development, account management, direct sales, product marketing, technology, and essentially all facets of mortgage lending.

Related link: https://uffwest.com/

Bank of Southern California NA Hires Market Executive to Grow the Bank’s Presence in Los Angeles

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, is pleased to announce Gaylin Anderson has joined the company as Executive Vice President, Market Executive in Southern California. He will be responsible for leading Bank of Southern California's regional presence by actively seeking new business opportunities while expanding upon current relationships.

This marks an important step in the Bank's expansion into the Los Angeles region and further demonstrates its commitment to the Southern California business community.

Mr. Anderson is a high-performing executive that brings extensive market expertise, with more than 30 years' experience in the banking industry. Prior to joining Bank of Southern California, he served as the Executive Vice President, Managing Director of Community Banking at Banc of California and was responsible for growing the Bank's footprint and portfolio.

Mr. Anderson attended the University of Utah. Active in the community, he served in a leadership role with Junior Achievement of San Diego and is involved with several local philanthropic organizations including LATM and Habitat for Humanity.

"I am pleased to welcome Gaylin to Bank of Southern California's executive leadership group. Gaylin is an accomplished and well-respected leader bringing advanced industry expertise to further support our ongoing expansion of the Bank's footprint," said Nathan Rogge, President & CEO. "Gaylin will play a key role in growing our brand and presence in Los Angeles," concluded Rogge.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, CA, is locally owned and managed, and offers a range of financial products to individuals, professionals, and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates seven branches in San Diego and the Coachella Valley in Riverside County, and a production office in Orange County.

For more information, please visit https://www.banksocal.com/ or call 858.847.4780.

Ticker: OTC Pink:BCAL / OTC:BCAL / OTCMKTS:BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink:BCAL / OTCMKTS:BCAL ), a community business bank headquartered in San Diego, is pleased to announce Gaylin Anderson has joined the company as Executive Vice President, Market Executive in Southern California. He will be responsible for leading Bank of Southern California's regional presence by actively seeking new business opportunities while expanding upon current relationships.

Related link: https://www.banksocal.com/

ARMCO Integrates with BankVOD, Enabling Seamless Transfer of Bank Data

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation software solutions, announced an integration with BankVOD, the company that pioneered the electronic risk interface for asset verifications. This integration, which provides a direct, seamless connection between ARMCO's ACES Audit Technology(TM) and BankVOD's Verification Hub(TM), enables ARMCO clients the ability to order Asset Verifications, 4506-T, Employment and Occupancy and Liens & Judgments on a batch or flow basis, and receive the data via a secure electronic transfer directly into their ACES instance.

BankVOD is the exclusive provider of bank statement verifications for 18 of the country's top 50 banks. Prior to this integration, organizations were required to leave their QC software system, then order and receive IRS tax transcripts and bank verifications from BankVOD's secure web-based portal. In addition, they were not able to order IRS transcripts or verifications on a bulk basis.

"This integration doesn't merely make the verification process faster, it also makes it more consistent and secure, which are two big factors in achieving quality," said Phil McCall, president of ARMCO. "At ARMCO, we feel lenders should never have to choose between quality and time or resources. That's why we are constantly pursuing ways, like this integration, to make quality faster, easier and more accessible to achieve for lenders of all sizes."

"Industry leading companies like ARMCO always appreciate our unflinching commitment to providing the most secure way that files are exchanged and data is handled," said Tim Portley, co-founder and managing partner of BankVOD. "We're pleased to partner with ARMCO to offer lenders an even faster and more efficient way to verify bank data, and we're elated to discover new ways to make the user experience the best it can possibly be."

About ARMCO:

ARMCO - ACES Risk Management delivers web-based audit technology solutions, as well as powerful data and analytics, to the nation's top mortgage lenders, servicers, investors and outsourcing professionals. A trusted partner devoted to client relationships, ARMCO offers best-in-class quality control and compliance software that provides U.S. banks, mortgage companies and service providers the technology and data needed to support loan integrity, meet regulatory requirements, reduce risk and drive positive business decisions.

ARMCO's flagship product, ACES Audit Technology(TM), is available at any point in the mortgage loan lifecycle, to any size lender, and is user-definable. ACES standardizes audit requirements, ties pre-funding reviews to post-closing quality control audits, enables seamless trend analysis, identifies credit, compliance and process deficiencies and helps create manageable action plans.

For more information, visit http://www.armco.us/ or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation software solutions, announced an integration with BankVOD, the company that pioneered the electronic risk interface for asset verifications. This integration, which provides a direct, seamless connection between ARMCO's ACES Audit Technology and BankVOD's Verification Hub.

Related link: http://www.armco.us/

Bank of Southern California N.A. Announces First Quarter 2018 Results

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced quarterly earnings of $1,072,303 for the first quarter of 2018, a 51% increase compared to $710,022 for the first quarter of 2017. Results for the quarter ended March 31, 2018, include approximately $320 thousand in expenses related to the pending acquisition of Americas United Bank (OTC Pink: AUNB). As previously announced, the Bank also completed a private placement offering of common stock of approximately $26 million during March 2018.

"Building from the successes of 2017, Bank of Southern California had a strong start to 2018. Our loans and deposits grew 17% and 16%, respectively, compared to the first quarter of 2017, while net interest income grew 24%. In the first quarter, the Bank was also recognized as a top SBA 7(a) lender by the San Diego District Office of the Small Business Loan Administration and was awarded a Super Premier Performing Bank status by The Findley Reports," commented Nathan Rogge, President and CEO of Bank of Southern California.

Total assets at March 31, 2018, were $522 million, up 9% from $480 million at December 31, 2017, and up 21% from $430 million at March 31, 2017. Total loans increased to $409 million at March 31, 2018, compared to $399 million and $349 million at December 31, 2017, and March 31, 2017, respectively, while total deposits were $444 million at March 31, 2018, compared to $407 million at December 31, 2017, and $383 million at March 31, 2017.

"I am delighted that we continued to organically grow our loan and deposit portfolios in San Diego County, the Coachella Valley, and Orange County in the first quarter, when much of our energy was focused on planning for the acquisition of Americas United Bank (AUNB), as well as successfully completing a $26 million capital offering," concluded Rogge.

About Bank of Southern California:

A growing community bank established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products and services to individuals, professionals, and small-to-mid sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates seven branches in San Diego and the Coachella Valley in Riverside County, and a production office in Orange, Calif..

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

Forward-Looking Statements:

This news release may contain comments or information that constitute forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) and Bank of Southern California intends for such forward-looking statements to be covered by the safe harbor provisions of that Act.
Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Future events are difficult to predict. Forward-looking statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this news release. Factors that might cause such differences include, but are not limited to: the ability of the Bank to successfully execute its business plan; changes in interest rates and interest rate relationships; changes in demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking legislation or regulation; changes in tax laws; changes in prices, levies and assessments; the impact of technological advances; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; and changes in the national and local economy.
Bank of Southern California undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise.

Media Contact:
Tony DiVita
Bank of Southern California
(858) 847-4783
tdivita@banksocal.com

Quarterly Financial Highlights Table:
https://www.banksocal.com/wp-content/uploads/18-0502-BCAL-2018-q1-chart-695x869.png

For more details about our quarterly results, please visit the "About Us" / "Financials" page of our website and follow the link labeled: Quarterly Results and Trends - https://www.banksocal.com/about-us/financials/

Ticker: OTC Pink:BCAL / OTC:BCAL / OTCMKTS:BCAL / OP: BCAL / OTCMKTS:AUNB / OTC:AUNB

Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced quarterly earnings of $1,072,303 for the first quarter of 2018, a 51% increase compared to $710,022 for the first quarter of 2017. Results for the quarter ended March 31, 2018, include approximately $320 thousand in expenses related to the pending acquisition of Americas United Bank (OTC Pink: AUNB). As previously announced, the Bank also completed a private placement offering of common stock of approximately $26 million during March 2018.

Related link: https://www.banksocal.com/

Bank of Southern California NA Expands Commercial Banking Team to Serve Orange County and Los Angeles Region

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, is pleased to announce the hiring of two seasoned banking and lending professionals to further support the Bank's expansion in Southern California.

Sam Tuyen - Vice President, Commercial Real Estate and SBA Lending:

Mr. Tuyen has joined Bank of Southern California as Vice President, Commercial Real Estate and SBA Lending and will be responsible for providing SBA and commercial lending solutions to businesses in Southern California. Mr. Tuyen brings twenty years of experience most recently as a Senior Commercial Lender at CDC Small Business Finance in Orange County. He holds degrees in economics and business management from the University of California, Irvine.

Stephen Whang - Vice President, Business Development Manager:

Mr. Whang has joined the company as Vice President, Business Development Manager and will be responsible for serving the financial needs of businesses and entrepreneurs in Orange County and Los Angeles. He brings a wealth of business lending and relationship management expertise, with more than fifteen years of experience assisting Southern California businesses meet their company's financial goals. Prior to joining Bank of Southern California, Mr. Whang held a similar role at Bank of the West. He holds a bachelor's degree from University of California, Los Angeles.

"We are extremely pleased to have these outstanding bankers join Bank of Southern California. They bring a comprehensive understanding of the Los Angeles and Orange County business community, and they both offer a wide range of expertise that will enable us to best serve the financial needs of business owners, entrepreneurs, and professionals in those markets," said Tony DiVita, Executive Vice President and Chief Banking Officer.

"The addition of Sam and Stephen are another great example of the quality of experienced banking professionals we're recruiting as part of the bank's growth and expansion in Southern California," concluded DiVita.

About Bank of Southern California:

A growing community business bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, CA, is locally owned and managed, and offers a range of financial products to individuals, professionals, and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates seven branches in San Diego and the Coachella Valley in Riverside County, and a production office in Orange County.

For more information, please visit https://www.banksocal.com/ or call 858-847-4780.

Bank of Southern California, N.A. Ticker: OTC Pink:BCAL / OTC:BCAL / OTCMKTS:BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink:BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, is pleased to announce the hiring of two seasoned banking and lending professionals to further support the Bank's expansion in Southern California.

Related link: https://www.banksocal.com/

Community Bank Helps Foster Future Leaders with Support of ‘Leader In Me Program’

OSCEOLA, Iowa /ScoopCloud/ -- Clarke County State Bank, through the John T. Vucurevich Foundation, continues to support Clarke Elementary School as an official school in "The Leader in Me" program. Since 2012, CCSB has been a strong contributor to the program providing the base funding for its launch with foundation grants and bank donations.

Collaborating with Randy Bolton, Clarke Elementary's Assistant Principal on the integration and promotion of the program and making sure resources are available for the kids involved was the basis for the success that has been achieved.

"When we first applied for the Leader in Me program grant in 2011, it was our goal to increase our support of Clarke Community Schools through the Covey program," said Dave Selene, Bank President. "Providing the kids in our community access to these leadership skills has shown impressive results - from better grades and success rates to students taking part in leadership roles throughout the community."

Based on the Franklin Covey book "Seven Habits of Highly Successful People," The Leader in Me is a program designed specifically for elementary students. The program teaches students important life skills that they can utilize every day in the hallways and classrooms, boosting their independence and self-confidence.

The Seven Habits teach students to take initiative in life and responsibility for their choices, how to set life goals, how best to prioritize the week's tasks, to strive for a win-win solution in all relationships, to understand and be understood, to combine the strengths of the group for the benefit of all, and that renewing resources, energy and health is essential for success. By starting in Elementary school, this program provides life-long "habits" and processes to stay organized and to be successful in all business and personal relationships.

"This was a huge undertaking for a school our size," said Randy Bolton, Clarke Elementary School's Assistant Principal. "With CCSB's support we were able to build the core processing language these kids need to succeed as they move on through middle school and high school."

At Clarke Elementary, students are given leadership roles and responsibilities in the classroom. This teaches the students to be invested in the classroom and that their choices can truly affect their school experience. Students are afforded the opportunity to feel an ownership in their school and their own education through setting their own academic, social and attendance goals.

Clarke County State Bank, through the John T. Vucurevich Foundation, secured a grant of $33,000 to fund The Leader in Me program at Clarke Elementary. CCSB has been a consistent advocate of developing leaders in Osceola and Clarke County who will use those skills to better their local communities.

The Leader in Me continues to equip students with the self-confidence and life skills necessary to be successful today and well into the future. For more information about The Leader in Me, contact Clarke Elementary Principal Jill Kiger or Assistant Principal Randy Bolton.

For more information, you can go to https://www.clarkebank.com/ or follow Clarke County State Bank on Facebook at https://www.facebook.com/Clarke-County-State-Bank-171725632886859. You can also contact the bank directly at: 641-342-6581 or email: info@clarkebank.com.

Clarke County State Bank (CCSB), through the John T. Vucurevich Foundation, continues to support Clarke Elementary School as an official school in "The Leader in Me" program. Since 2012, CCSB has been a strong contributor to the program providing the base funding for its launch with foundation grants and bank donations.

Related link: https://www.clarkebank.com/

Bank of Southern California NA Successfully Completes $26 Million Capital Offering

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced today the completion of a capital raise of approximately $26 million through the issuance of common stock in a private placement to institutional and accredited individual investors at a price of $14.75 per share.

A portion of the capital raised will be utilized to complete the Bank's recent announcement to acquire Americas United Bank (AUNB), Glendale, Calif. Bank of Southern California entered into a definitive agreement with Americas United Bank on February 21, 2018 with an expected close in the third quarter of 2018, subject to customary closing conditions.

The additional capital raised will further support the Bank's successful strategy of driving both organic growth and increasing its geographic footprint in Southern California.

Nathan Rogge, President and CEO of Bank of Southern California, stated that proceeds from the offering strengthens the Bank's balance sheet and further supports the company's expansion.

"This successful capital offering was completed in a very short time," Rogge added. "The strong interest that we received from individual and institutional investors demonstrates the investment community's endorsement and confidence in Bank of Southern California's performance and future value."

The Bank was represented by MJC Partners, LLC, who served as the sole placement agent for the offering.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professional, and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates seven branches in San Diego and the Coachella Valley in Riverside County, and a production office in Orange County.

For more information, please visit https://www.banksocal.com/ or call 858-847-4780.

About MJC Partners, LLC:

MJC Partners is a leading Los Angeles-based boutique investment banking and advisory firm providing a full range of strategic, transactional, and valuation-related services to clients across multiple industry groups with a focus on financial services.

For more information about MJC Partners, visit: http://mjcpartners.com/.

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Bank of Southern California, N.A. Ticker: OTC Pink:BCAL / OTC:BCAL / OTCMKTS:BCAL / OP: BCAL

Bank of Southern California, N.A. ( OTC Pink: BCAL / OTCMKTS:BCAL ) announced today the completion of a capital raise of approximately $26 million through the issuance of common stock in a private placement to institutional and accredited individual investors at a price of $14.75 per share.

Related link: https://www.banksocal.com/

Deutsche Bank Implements DocMagic’s eVault Technology

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that Deutsche Bank has successfully implemented and is actively utilizing its proprietary eVault technology.

"Deutsche Bank has an international footprint in multiple forms of lending and servicing, and having a company of their size select our eVault to safely and securely store sensitive loan documents speaks volumes about the bank's confidence in our technology," said Dominic Iannitti, president and CEO of DocMagic, Inc. "We are very pleased to partner with Deutsche Bank on a long-term basis to help achieve its servicing goals with our eVault."

Using the DocMagic eVault, Deutsche Bank's document custody group is now empowered to take full possession of electronically originated assets for clients as the loan market continues to transition to a paperless process. DocMagic establishes a legally compliant method to securely move original electronic files from one custodian to another, while preserving unique authoritative digital ownership.

Further, the eVault ensures authentication of original documents passing between owners, irrespective of how many duplicate electronic files there may be of the same record. The repository system within DocMagic's eVault relies upon digital tamper-proof seals and a detailed, well-documented audit trail that ensures compliance and provides detailed reporting.

DocMagic also made available to Deutsche Bank the ability to leverage a unique dual-option solution that accesses its on-premise eVault installation to provide a gateway to seamlessly and securely connect to MERS via any browser, as well as by way of a direct VPN connection.

As a result of partnering with DocMagic, Deutsche Bank is now well-positioned to easily, compliantly and securely service loans housed in the eVault, creating newfound efficiencies and a competitive advantage for the bank. By providing eVault services to Deutsche Bank's clients, they further cement themselves as a leader, innovator and provider of excellence in loan servicing.

Of note is that DocMagic has been at the forefront of developing award-winning technology that facilitates a complete eMortgage solution for the entire supply chain that fully supports an end-to-end, completely paperless digital mortgage process. This includes from the point-of-sale through eClosing, eWarehouse lending, secondary marketing and even servicing.

DocMagic's eVault has been thoroughly vetted and officially approved by Fannie Mae, Freddie Mac, and MERS(r) to compliantly support eVaulting services.

About DocMagic:
DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy.

For more information on DocMagic, visit https://www.docmagic.com/.

DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that Deutsche Bank has successfully implemented and is actively utilizing its proprietary eVault technology.

Related link: https://www.docmagic.com/

Two MQMR Employees Selected as MBA, California MBA Future Leaders

LOS ANGELES, Calif. /ScoopCloud/ -- Mortgage Quality Management and Research, LLC (MQMR), a leader in mortgage risk management and compliance services, today announced that two employees from the MQMR family of companies have been selected to participate in executive leadership development programs sponsored by the national Mortgage Bankers Association (MBA) and the California Mortgage Bankers Association.

Erin Harris, manager of MQMR's vendor management division was selected to participate in the Future Leaders program offered by the MBA. The program is designed to deliver, "a comprehensive curriculum for selected managers who have shown leadership interests and abilities...and enhance [participants] skills through three hands-on sessions geared toward political activism; business analysis and problem solving; and experiential learning through collaboration, networking and peer group interaction."

Jason Alderton, servicing quality control (QC) manager for MQMR sister-firm Subsequent QC, LLC was selected for the California MBA Future Leaders program. Much like the MBA's program, the California MBA Future Leaders is also intended to "develop the next generation of qualified, responsible, and capable market leaders," over the course of two sessions. These sessions focus on identifying the behaviors that drive effective leadership to help participants develop a personal leadership development plan.

"MQMR's greatest asset is its employees, and the firm is deeply committed to their professional development, as well as the advancement of the mortgage industry at large," said Michael Steer, president of MQMR. "Erin and Jason are two of the best MQMR has to offer, and I look forward to observing the growth in their leadership skills as a result of participating the MBA and California MBA Future Leaders programs."

Harris and Alderton are the latest in a series of MQMR employees to be selected for the Future Leaders programs offered by the MBA and California MBA. MQMR Director Dayna Silver is a graduate of the MBA's Future Leaders program, and previous MQMR graduates of the California MBA's program include Steer, Co-Founder Ben Madick, Director of Servicing Oversight Nicholas Corpuz and Account Executive Alan Ridenour.

"As a Future Leaders graduate, I have encouraged my staff to avail themselves of these invaluable programs at every opportunity," Steer added. "Supporting our employees' participation in these programs not only aids their individual growth, but it also helps fuel the success of the mortgage industry at large by developing the next generation of leadership."

About Mortgage Quality Management and Research, LLC (MQMR):

MQMR bridges the gap between risk and compliance through its suite of risk-related services. Since its inception, MQMR has launched multiple products and services to assist lenders in navigating regulatory requirements, providing mortgage compliance consulting throughout the origination process, servicing QC and subservicing oversight to master servicers, and filling the void of meeting vendor management oversight requirements. With 2,000+ operational reviews of mortgage companies, subservicers, document custodians, and vendors annually, MQMR prides itself on being an industry leader in counterparty risk and compliance.

To learn more, visit http://www.mqmresearch.com/, http://subsequentqc.com/, and http://hqvendormanagement.com/.

Mortgage Quality Management and Research, LLC (MQMR), a leader in mortgage risk management and compliance services, today announced that two employees from the MQMR family of companies have been selected to participate in executive leadership development programs sponsored by the national Mortgage Bankers Association (MBA) and the California Mortgage Bankers Association.

Related link: http://www.mqmresearch.com/

Bank of Southern California, N.A. Announces Addition of Phillip Mulder and Billy Szeto to Its Commercial Real Estate and SBA Group

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. ( OTC Pink: BCAL / OTCMKTS:BCAL ), a community business bank headquartered in San Diego, Calif., announces the addition of two tenured Business Development Officers to support the company's continued expansion into the Southern California region.

Philip Mulder - Vice President, Business Development Officer:

Mr. Mulder has joined Bank of Southern California as Vice President, Business Development Officer and will be responsible for providing SBA and commercial lending to small- and medium-sized businesses in the Inland Empire and Riverside County. Throughout his career he has demonstrated a strong commitment and proven success in partnering with businesses to help them achieve their financial goals.

He previously served as Vice President, Business Development for a Southern California regional bank, and prior held a similar position with the CDC, Small Business Finance, Riverside for over 20 years. Mulder holds a bachelor's degree from Dordt College in Iowa and serves on the Endowment Committee of Redlands Christian School.

Billy Szeto - Vice President, Business Development Officer:

Mr. Szeto joined the Bank as Vice President, Business Development Officer and will focus on providing small- to medium-sized businesses with financing through SBA and commercial real estate loan programs.

With more than 15 years of commercial lending experience, he has a proven track record of helping small businesses facilitate the acquisition, development, and refinance of commercial real estate properties throughout Los Angeles and Orange County. Prior to joining the Bank, he held a similar role at Union Bank. Mr. Szeto holds a bachelor's degree from University of Southern California.

"As Bank of Southern California continues to expand its market position in Southern California, this is a natural time to grow and strengthen our client acquisition team. The addition of these experienced business development professionals demonstrates the Bank's commitment to helping Southern California businesses grow and succeed," said Tony DiVita, Executive Vice President.

"Philip and Billy are strong additions to the Commercial Real Estate and SBA Group. They will play an integral role in the execution of the Bank's strategic growth as the company enhances its presence in the Southern California market," concluded DiVita.

About Bank of Southern California:
A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals, and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients.

The Bank currently operates seven branches in San Diego and the Coachella Valley in Riverside County, and a production office in Orange County.

For more information, please visit https://www.banksocal.com/ or call 858-847-4780.

Ticker: OTC Pink: BCAL / OTC:BCAL / OTCMKTS:BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, Calif., announces the addition of two tenured Business Development Officers to support the company's continued expansion into the Southern California region.

Related link: https://www.banksocal.com/

Bank of Southern California N.A. Recognized as Top Small Business Lender

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced it was awarded two top small business lending partner awards in the medium sized bank category by the San Diego District Office of the U.S. Small Business Administration based on the largest quantity and dollar volume of SBA 7(a) loans originated. The rankings reflect the SBA's fiscal year-end results as of September 30, 2017. These accolades follow the bank's recognition by the SBA as the top performing small business lending partner for medium sized banks in 2016.

In addition, the bank was recently recognized by the State of California Small Business Loan Guarantee Program as a top lender based on the dollar amount of originations in 2017. These noteworthy rankings are a strong indicator of the bank's consistent commitment in supporting small and mid-sized businesses.

"Today, guarantee-sponsored programs such as SBA and the State of California Small Business Loan Guarantee Program continue to be a significant source of capital for many small businesses that otherwise would have difficulty obtaining conventional financing," commented Tony DiVita, Executive Vice President, Chief Banking Officer.

"While not all conventional lenders are equal, neither are SBA lenders. It is important for borrowers to work with experienced lenders like Bank of Southern California who partner with borrowers to help their businesses succeed and prosper. The bank continues to maintain a SBA Preferred Lender Program (PLP) designation which allows us to streamline the process for SBA-guaranteed loans.

"Our Preferred Lender status combined with ready access to decision makers and our commitment to responsive service makes Bank of Southern California a good option for Southern California businesses that need a bank who understands their business financing needs."

In addition to the recent recognition as a top lender, the bank maintains a Super Premier Performing status awarded by The Findley Reports and received a five-star superior performance rating by Bauer Financial. These are the highest designations given by these bank rating companies.

"Banks have become highly regarded who achieve exceptional performance, and we are honored to be recognized for our efforts which supports that we are meeting the needs of the communities we serve," concluded DiVita.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professional, and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients.

The Bank currently operates seven branches in San Diego and the Coachella Valley in Riverside County, and a production office in Orange County.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

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Ticker: OTC Pink: BCAL / OTC:BCAL / OTCMKTS:BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced it was awarded two top small business lending partner awards in the medium sized bank category by the San Diego District Office of the U.S. Small Business Administration based on the largest quantity and dollar volume of SBA 7(a) loans originated. The rankings reflect the SBA's fiscal year-end results as of September 30, 2017. These accolades follow the bank's recognition by the SBA as the top performing small business lending partner for medium sized banks in 2016.

Related link: https://www.banksocal.com/

Bank of Southern California N.A. Announces Amanda Conover as Vice President, Director of Marketing

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink:BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, Calif., has named Amanda Conover as Vice President, Director of Marketing. She will be responsible for developing and executing a strategic marketing plan that strengthens brand awareness and drives growth, further supporting the Bank's efforts to increase its presence as it continues its expansion in the Southern California region.

Mrs. Conover brings over thirteen years of industry experience working most recently for Western Alliance Bank headquartered in Phoenix, Arizona. She holds a bachelor's degree from The University of Arizona and an MBA from Pepperdine University.

"We are pleased to welcome Amanda to Bank of Southern California. She is an accomplished marketing professional with expertise in executing marketing strategies to small and medium sized businesses," said Tony DiVita, Executive Vice President and Chief Banking Officer.

"Amanda is an important addition to our team as we continue our expansion into new markets in Southern California. The bank recently opened a production office in Orange County in December 2017, and last week announced an agreement to acquire Los Angeles based, Americas United Bank. This is an exciting time for the company, and Amanda's experience will help us increase our brand and market share as we continue to position ourselves as the bank of choice for businesses in Southern California," concluded DiVita.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals, and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients.

The Bank currently operates seven branches in San Diego and the Coachella Valley in Riverside County, and a production office in Orange County.

For more information, please visit https://www.banksocal.com/ or call 858-847-4780.

Ticker: OTC Pink: BCAL / OTC:BCAL / OTCMKTS:BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink:BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, Calif., has named Amanda Conover as Vice President, Director of Marketing. She will be responsible for developing and executing a strategic marketing plan that strengthens brand awareness and drives growth, further supporting the Bank's efforts to increase its presence as it continues its expansion in the Southern California region.

Related link: https://www.banksocal.com/

Bank of Southern California N.A. and Americas United Bank Announce Agreement to Merge

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A., San Diego, Calif. (OTC Pink: BCAL / OTCMKTS:BCAL) and Americas United Bank, Glendale, Calif. (OTC Pink: AUNB), today announced the signing of a definitive agreement and plan of merger (the "Agreement") whereby Americas United Bank will merge with and into Bank of Southern California. The merger is subject to customary closing conditions, including the receipt of all regulatory approvals and the approval of the shareholders of AUB and BCAL, and is expected to close in the third quarter of 2018.

Additionally, directors and executive officers of AUB have entered into agreements committing to vote their shares in favor of the transaction. The transaction is valued at approximately $44.1 million, based on BCAL's stock price per share of $14.75.

Under the terms of the Agreement, AUNB shareholders will receive $7 in cash and 0.4746 shares of BCAL common stock, or $14 per share, for each share of AUNB common stock that they own as of the closing date of the merger. In order to support the operations of the combined Bank following the merger, Bank of Southern California has received binding commitments from investors pursuant to which it will raise $20 million.

The transaction is expected to be immediately accretive to BCAL's earnings per share in 2018 (excluding transaction costs). The pro forma combined Bank will have approximately 8.3 million shares outstanding, representing a prospective market capitalization of approximately $123 million based on a per share valuation of BCAL's stock of $14.75.

The merger combines two profitable Southern California franchises with similar core operating philosophies and cultures. Headquartered in San Diego, Calif., Bank of Southern California currently operates eight locations in San Diego County, the Coachella Valley in Riverside County, and Orange County. Americas United Bank is headquartered in Glendale, CA, with four branches located in the greater Los Angeles area. Americas United Bank offers an attractive footprint and provides the foundation for Bank of Southern California to enter the Los Angeles market as the Bank continues its strategic expansion in the Southern California region. Upon completion of the transaction, the combined organization will have pro forma assets of approximately $750 million.

Commenting on the announcement, Nathan Rogge, President and Chief Executive Officer of Bank of Southern California said, "The combined Bank offers a highly attractive franchise for us in the very desirable Los Angeles market and furthers Bank of Southern California's vision of expanding our market share in Southern California. Americas United Bank is a well-managed community business bank with a strong relationship banking culture, making it a great fit for us.

"Bank of Southern California recently expanded into Orange County in December 2017, so this opportunity allows us to continue to execute the next natural extension of our planned growth. We believe this transaction allows the Bank to better serve the clients of both organizations with increased lending capabilities, technology enhancements, and an increased branch network.

"This transaction provides a great value for our shareholders, creates opportunities for our employees, and expands our franchise to better serve our customers," concluded Rogge.

Adriana M. Boeka, President and Chief Executive Officer of Americas United Bank, echoed, "We are very excited about this opportunity to join forces with Bank of Southern California who has long prided itself on its strong commitment to its customers and employees, a model that we both have in common. With this merger we will supplement Americas United Bank's existing products, services and business development platform with Bank of Southern California's commercial lending expertise and a suite of commercial deposit products. Our customers will benefit from Bank of Southern California's expanded service and lending capacity, and our employees will benefit from their strong employee centered culture.

"This transaction provides liquidity to our shareholders and also allows them to participate in the future upside of the combined Bank. Bank of Southern California's sound financial condition and comprehensive business expertise makes them an excellent choice and natural partner for us," concluded Boeka.

Nathan Rogge will continue as President and CEO, and the existing Bank of Southern California executive management team will continue in their current roles of the combined Bank. Additionally, at the close of the transaction, Adriana M. Boeka, President and CEO of Americas United Bank, will join Bank of Southern California's Board of Directors as a non-executive director.

MJC Partners, LLC served as financial advisor and Duane Morris LLP served as legal counsel to Bank of Southern California. Keefe, Bruyette & Woods, A Stifel Company, served as financial advisor and King Holmes Paterno & Soriano, LLP served as legal counsel to Americas United Bank. MJC Partners is acting as sole placement agent for the offering.

About Bank of Southern California:

A growing community bank established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally-owned and managed and offers a range of financial products to individuals, professionals, and small- to medium-sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates eight offices in San Diego and the Coachella Valley in Riverside County, and Orange County.

For more information, please visit https://www.banksocal.com/ or call 858-847-4780.

About Americas United Bank:

Americas United Bank was founded in 2006 by a diverse group of Los Angeles-based entrepreneurs whose vision included serving the banking needs of small- to medium-sized businesses in metropolitan Los Angeles and its surrounds, providing a full range of financial services for businesses and high net worth individuals. The Bank operates four branch locations in Los Angeles County.

For more information, please visit https://www.aubank.com/ or call 818-637-7000.

Forward-Looking Statements:

This news release may contain comments or information that constitute forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995), and Bank of Southern California and intends for such forward-looking statements to be covered by the safe harbor provisions of that Act.

Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate, "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs, such as "will," "would," "should," "could," or "may." Forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Future events are difficult to predict. Forward-looking statements involve significant risks and uncertainties, and actual results may differ materially from those presented, either expressed or implied, in this news release. Factors that might cause such differences include but are not limited to: the ability of the Bank to successfully execute its business plan; changes in interest rates and interest rate relationships; changes in demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking legislation or regulation; changes in tax laws; changes in prices, levies, and assessments; the impact of technological advances; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; and changes in the national and local economy. Bank of Southern California undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events, or otherwise.

Additional Information About the Merger:

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote for approval of the merger. In connection with the proposed merger a joint proxy statement/offering circular will be provided to the shareholders of both institutions which will provide detailed information about the merger and the two banks. Shareholders will be encouraged to read the joint proxy statement/offering circular carefully before voting on the merger.

The directors, executive officers, and certain other members of management and employees of Bank of Southern California may be deemed to be participants in the solicitation of votes to approve the merger. Additional information regarding the interests of those participants and other persons who may be deemed participants in the merger may be obtained by reading the joint proxy statement/offering circular when it becomes available.

Bank of Southern California, N.A. (OTC Pink:BCAL / OTCMKTS:BCAL) and Americas United Bank (OTC Pink:AUNB), today announced the signing of a definitive agreement and plan of merger (the "Agreement") whereby Americas United Bank will merge with and into Bank of Southern California. The merger is subject to customary closing conditions, including the receipt of all regulatory approvals and the approval of the shareholders of AUB and BCAL, and is expected to close in Q3 2018.

Related link: https://www.banksocal.com/

Global DMS Launches EVO-Commercial, a Next-Generation Valuation Management Software Platform for Commercial Lending

SAN DIEGO, Calif. /ScoopCloud/ -- Global DMS, a leading provider of cloud-based valuation management software, announced that it launched EVO-Commercial(TM) (EVO-C) at the MBA's CREF/Multifamily Housing Convention & Expo being held in San Diego from February 11 - 14. The new platform is 100 percent configurable, fully customizable, quick and easy to implement, eliminates numerous steps in the workflow process, lowers system maintenance costs and empowers end-users as well as management teams, among many other efficiency gains.

"EVO-C solves a number of major pain points and challenges that have been ailing the commercial lending space for years," says said Vladimir Bien-Aime, president and CEO at Global DMS. "Commercial lenders have grown accustomed to dealing with manual processes or limitations of outdated, inflexible technology that prevents them from optimizing their valuation processes. The feedback we have received from commercial lenders thus far is that EVO-C eclipses and outperforms the current solutions which they are continually burdened with."

The EVO-C platform delivers immediate ROI to lender clients by reducing the cost to acquire, manage and review collateral valuations reports. The solution creates a competitive bidding environment where vendors are encouraged to focus on quality, communication, cost and turnaround time. Managers are easily able to monitor their pipelines in real-time for overall performance to drive down costs, remove road-blocks and create a positive experience for their customers.

Key EVO-C Benefits:
* Implementations can be completed in just days or weeks - not months
* EVO-C is so intuitive and easy to understand that minimal training is required
* Completely workflow-driven powered by a highly configurable business rules engine that does not require development or IT resources to update
* Detailed custom reports can easily be created by business users and dynamically output on an ad hoc basis for management
* Drag and drop capability allows for multiple large files to swiftly be transferred and auto-populated, saving immeasurable amounts of time.

"We spent a great deal of time working closely with lenders to perfect a breakthrough platform that is loaded with features and functionality, which commercial lenders have never seen before," said Michael Quaranto, chief information security officer and vice president of technology at Global DMS. "EVO-C was engineered to be hands down the most flexible, configurable and extensible commercial lending valuation management platform available on the market. We are extremely excited to demonstrate the jaw-dropping power EVO-C offers."

Global DMS is an established enterprise-class software provider that also offers a widely-used, award-winning residential lending valuation management platform, eTrac, which seamlessly automates all aspects of the process. eTrac supports lender compliance with changing state-based rules, federal laws, the Consumer Financial Protection Bureau (CFPB) and the Dodd-Frank Act.

About Global DMS:

Founded in 1999 and headquartered in Lansdale, Pennsylvania, Global DMS is a leading provider of cloud-based commercial and residential real estate valuation solutions catering to lenders, servicers, AMCs, appraisers and other real estate entities. The company's solution set is cost effectively delivered on a software-as-a-service (SaaS) transactional basis that ensures compliance adherence, reduces costs, increases efficiencies and expedites the entire real estate appraisal process. The company's solutions include its new EVO-Commercial (EVO-C) for commercial lending, eTrac valuation management platform for residential lending, eTrac WebForms, Global Kinex, AVMs, the MISMO Appraisal Review System (MARS), AMC State Regulations, ATOM (Appraisal Tracking on Mobile), and AMCmatch.com.

For more information, visit the company's web site http://www.globaldms.com/ or call (877) 866-2747.

Global DMS, a leading provider of cloud-based valuation management software, announced that it launched EVO-Commercial (EVO-C) at the MBA's CREF/Multifamily Housing Convention and Expo being held in San Diego February 11 - 14, 2018. The new platform is 100 percent configurable, fully customizable, quick and easy to implement, eliminates numerous steps in the workflow process, lowers system maintenance costs and empowers end-users as well as management teams, among many other efficiency gains.

Related link: http://www.globaldms.com/

Bank of Southern California, N.A. Announces Fourth Quarter and Year-end 2017 Results

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced quarterly earnings of $1,134,397 for the fourth quarter of 2017, compared to $1,088,043 for the third quarter of 2017 and $902,476 for the fourth quarter of 2016. For the year, net earnings were $3,964,692 in 2017, a 32% increase compared to $3,009,251 for 2016. Results for the fourth quarter and year ended December 2017 include a $200,000 increase in income tax expense due to recent Tax Reform legislation.

"We are very pleased to report our fourth quarter and year-end results. In 2017, we continued to experience strong organic growth in our existing San Diego and Coachella Valley markets, and we expect to see similar results in our recent expansion into Orange County," commented Nathan Rogge, President and CEO of Bank of Southern California.

Total assets ended the year of 2017 at $480 million, up from $468 million at September 30, 2017, and up from $424 million at December 31, 2016. Total loans increased to $399 million at December 31, 2017, compared to $388 million and $333 million at September 30, 2017, and December 31, 2016, respectively, while total deposits were $407 million at December 31, 2017, compared to $418 million at September 30, 2017, and $377 million at December 31, 2016.

In addition to the company's solid financial performance, in 2017 the bank continued to build on its momentum to continue to create an organization that is the bank and employer of choice for Southern California business owners and our employees, with the company executing on two strategic initiatives focused on the customer experience and employee engagement. "We are very grateful for our loyal clients, and our experienced team of business banking professionals, who are the reason for our success in 2017," concluded Rogge.

For more details about our quarterly results, please visit the "About Us" / "Financials" page of our website and follow the link labeled Quarterly Results and Trends: https://www.banksocal.com/about-us/financials/

About Bank of Southern California:

A growing community bank established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, CA, is locally owned and managed, and offers a range of financial products and services to individuals, professionals, and small-to-mid sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates seven branches in San Diego and the Coachella Valley in Riverside County, and a production office in Orange, CA.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

Forward-Looking Statements:

This news release may contain comments or information that constitute forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) and Bank of Southern California intends for such forward-looking statements to be covered by the safe harbor provisions of that Act.

Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Future events are difficult to predict. Forward-looking statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this news release. Factors that might cause such differences include, but are not limited to: the ability of the Bank to successfully execute its business plan; changes in interest rates and interest rate relationships; changes in demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking legislation or regulation; changes in tax laws; changes in prices, levies and assessments; the impact of technological advances; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; and changes in the national and local economy.

Bank of Southern California undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise.

Media Contact:
Tony DiVita
Bank of Southern California
(858) 847-4783
tdivita@banksocal.com
https://www.banksocal.com/

* Quarterly Financial Highlights Table Follows (PDF):
https://www.banksocal.com/wp-content/uploads/December-2017-QTR-End-Results-Web.pdf

Ticker: OTC Pink: BCAL / OTC:BCAL / OTCMKTS:BCAL / OP: BCAL

Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced quarterly earnings of $1,134,397 for the fourth quarter of 2017, compared to $1,088,043 for the third quarter of 2017 and $902,476 for the fourth quarter of 2016. For the year, net earnings were $3,964,692 in 2017, a 32 percent increase compared to $3,009,251 for 2016. Results for the fourth quarter and year ended December 2017 include a $200,000 increase in income tax expense due to recent Tax Reform legislation.

Related link: https://www.banksocal.com/

Bank of Southern California N.A. announces new SBA and Commercial Real Estate Lending Group Led by Steve Pollett

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), announced that Steve Pollett has joined the company as SVP, SBA and Commercial Real Estate Lending Group Manager. With more than 30 years' experience in SBA and Commercial Real Estate lending, Pollett will be responsible for leading a team to provide financing to small and medium-sized businesses throughout the Southern California region. Prior to joining Bank of Southern California, Pollett was Senior Vice President and Group Manager of Commercial Lending with Plaza Bank.

Mr. Pollett brings with him a team of six SBA and Commercial Real Estate lending professionals. Additionally, the bank also increased its underwriting and credit processing staff to support the new team and increased loan production.

"Steve and his team have a proven track record of providing creative and customized financing programs that reflect the individual needs of each business, with a concentrated focus on SBA programs," commented Tony DiVita, EVP and Chief Banking Officer.

"The formation of this new Group allows the bank to continue expanding its reach in Southern California, illustrating the Banks commitment to assisting small and medium-sized businesses that are typically underserved by larger regional and national banks," concluded DiVita.

The Bank's new SBA and Commercial Lending Group will specialize in providing qualifying businesses with as much as 90% financing for the acquisition or refinancing of owner-occupied commercial real estate for up to 30 years. Additionally, they can offer longer and more flexible terms for business acquisition and multi-purpose (non-real estate) loans that can be used for the purchase of equipment, inventory, debt refinancing, and working capital.

Bank of Southern California is ranked as a top small business lender and top originator of SBA loans. The Bank also maintains a Preferred Lender Status granted by the Small Business Loan Administration, which allows the bank to make credit decisions on behalf of the SBA, resulting in quicker processing and funding of SBA guaranteed loans.

About Bank of Southern California:
A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals, and small-to-medium sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates seven branches in San Diego and the Coachella Valley in Riverside County, and a production office in Orange County.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

*PHOTO for Media: Send2Press.com/300dpi/18-0124s2p-sbalending-300dpi.jpg
*Photo Caption: New SBA and Commercial Real Estate Lending Group Led by Steve Pollett.

Pink:BCAL / OTC:BCAL / OTCMKTS:BCAL

Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), announced that Steve Pollett has joined the company as SVP, SBA and Commercial Real Estate Lending Group Manager. With more than 30 years' experience in SBA and Commercial Real Estate lending, Pollett will be responsible for leading a team to provide financing to small and medium-sized businesses throughout the Southern California region.

Related link: https://www.banksocal.com/