MANHATTAN BEACH, CA — (Marketwire) — 01/24/12 — Beach Business Bank (OTCBB: BBBC) (the
“Bank”), is pleased to announce that Andrea Parker, AVP & Operations Risk
Officer, has successfully completed a rigorous training program and earned
the Certified Anti-Money Laundering Specialist, or CAMS, designation.
Recognized worldwide by employers in both private industry and government
and acknowledged by regulators and examiners, the CAMS credential denotes
proven knowledge in the detection and prevention of money laundering. Ms.
Parker joined the Bank in June 2010, and has proven to be a valuable asset
in monitoring and controlling operational risks within the institution.
“Andrea has been a key player in our efforts to manage risk within our
organization,” said Melissa Rickabaugh, EVP and Senior Operations Officer
of Beach Business Bank. “Fraud prevention is an important role within all
financial institutions, and the prevention and detection of money
laundering and other financial crimes is a key consideration in a bank-s
regulatory exams. Ms. Parker has proven herself to be very capable in
maintaining these programs within our Bank. We are very proud of her
accomplishment, and expect great things from her in the future.”
“Andrea has done a great job in maintaining the risk prevention programs
within the Bank,” said Robert Franko, President & Chief Executive Officer
of Beach Business Bank. “Bank examiners consider a bank-s Anti-Money
Laundering programs as a high priority. Ms. Parker-s certification as an
AML Specialist is a great achievement for her personally, and her enhanced
knowledge will help us stay compliant with regulatory expectations. We all
congratulate Andrea on this success.”
Andrea Parker said, “I am thrilled to have passed this exam, and to have
earned this CAMS designation. I am thankful to have had the support of
Senior Management throughout this process and look forward to putting this
new knowledge to work within the Bank.”
Beach Business Bank is headquartered at 1230 Rosecrans Avenue, Lobby Level,
in Manhattan Beach, and has two other full-service offices at 180 E. Ocean
Blvd. in Long Beach, CA and at 650 Town Center Drive in Costa Mesa, CA. The
Bank is first and foremost a community business bank serving Los Angeles,
Long Beach, the South Bay and Orange County residents and businesses. The
Bank also has a division named The Doctors Bank®, which serves physicians
and dentists nationwide. In addition, Beach Business Bank provides loans to
small businesses, focused around the SBA 7(a) and Express lending programs.
For more information on the Bank, please visit or
call toll-free to (866) 862-3878.
“Safe Harbor” statement under the Private Securities Litigation Reform Act
of 1995:
The financial information in this press release is based on our unaudited
financial results. Certain statements in this press release, including
statements regarding the anticipated development and expansion of the
Bank-s business, and the intent, belief, and current expectations of the
Bank, its directors, or its officers, are “forward-looking” statements (as
such term is defined in the Private Securities Litigation Reform Act of
1995). Such forward-looking statements are subject to risks and
uncertainties and therefore the Bank-s actual results may differ materially
from those expressed or implied by such forward-looking statements. The
risks and uncertainties that the Bank is subject to include, but are not
limited to, risks related to the local and national economy, including
fluctuations in interest rates and costs and changes in economic policy;
the ability of the Bank to perform in accordance with its plans;
competition; regulatory matters; and other risks detailed in its filings
with the State of California Department of Financial Institutions and the
Federal Deposit Insurance Corporation. The Bank cautions readers not to
place undue reliance on any forward-looking statements. The Bank does not
undertake, and specifically disclaims any obligation, to revise any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.
Contact:
Beach Business Bank
Melissa Rickabaugh
310-802-2922
or
Robert Franko
310-802-2910