FIRST CHOICE BANK SUPPORTS LOCAL CHARITIES FIGHTING HUNGER DURING THE CORONAVIRUS PANDEMIC

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FIRST CHOICE BANK SUPPORTS LOCAL CHARITIES FIGHTING HUNGER DURING THE CORONAVIRUS PANDEMIC

Categories: Blogs, Uncategorized

Source: First Choice Bancorp
March 18, 2020 13:45 ET

First Choice Bank Supports Local Charities Fighting Hunger During The Coronavirus Pandemic

CERRITOS, CALIFORNIA, March 18, 2020 (GLOBE NEWSWIRE) — First Choice Bancorp (Nasdaq Capital Markets: FCBP) the holding company of First Choice Bank (collectively, “First Choice”), announced that First Choice has provided emergency donations totaling $10,000 to several non-profit organizations in Los Angeles, Orange, and San Diego counties helping to fight hunger during the growing Coronavirus (COVID-19) pandemic.

“Right now, more than ever, it is important for us to come together and support local nonprofits that are overwhelmed with the growing number of people in need,” said Robert Franko, President & CEO. “In particular, with school and business closures throughout Southern California and beyond, individuals and families in the most economically distressed neighborhoods have an immediate and growing need for food assistance.”

The five charitable organizations, each receiving a $2,000 donation, include Food Finders (www.foodfinders.org) and Project Angel Food (www.angelfood.org) in Los Angeles county; Second Harvest Food Bank (www.feedoc.org) and Caterina’s Club (https://caterinasclub.org) in Orange County; and Kitchens For Good (https://kitchensforgood.org/) in San Diego County.

“We are so grateful to have First Choice’s continuing support in these very uncertain times,” said Chef Bruno Serato of Caterina’s Club, whose organization was one of those highlighted in First Choice’s 2019 Annual Charity Golf Tournament. “We are making sure that we do all we can so that no child goes to bed hungry.” First Choice Chairman Peter Hui added, “Now is the time for all of us to step up and help the people in our communities. We must do our part to support the groups assisting our neighborhoods’ most vulnerable.”

About First Choice Bancorp: First Choice Bancorp, headquartered in Cerritos, California, is the sole shareholder of, and the registered bank holding company for, First Choice Bank. As of December 31, 2019, First Choice Bancorp had total consolidated assets of $1.69 billion. First Choice Bank, also headquartered in Cerritos, California, is a community-based financial institution that serves primarily commercial and consumer clients in diverse communities and specializes in loans to small- to mediumsized businesses and private banking clients, commercial and industrial loans, and commercial real estate loans with a specialization in providing financial solutions for the hospitality industry. First Choice Bank is a Preferred Small Business Administration (SBA) Lender. First Choice Bank conducts business through 9 full-service branches and 2 loan production offices, located in Los Angeles, Orange, and San Diego Counties. Founded in 2005, First Choice Bank has quickly become a leading provider of financial services that enable our customers to grow, maintain strength, and achieve their business objectives. We strive to surpass our clients’ expectations through our efficiency, personalized services, financial solutions and professionalism and are committed to being “First in Speed, Service, and Solutions.” First Choice Bancorp stock is traded on the Nasdaq Capital Market under the ticker symbol “FCBP.”

First Choice Bank’s website is www.FirstChoiceBankCA.com.

FORWARD-LOOKING STATEMENTS

The statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management’s current expectations and beliefs concerning future developments and their potential effects on the Company including, without limitation, plans, strategies and goals, and statements about the Company’s expectations regarding revenue and asset growth, financial performance and profitability, loan and deposit growth, yields and returns, loan diversification and credit management, shareholder value creation and tax rates. There can be no assurance that future developments affecting the Company will be the same as those anticipated by management. Actual results may differ materially from those set forth in the forward-looking statements due to a variety of factors, including the risk factors described in documents filed by the Company with the Securities and Exchange Commission.

The Company does not undertake, and specifically disclaims any obligation, to update any forward looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements except as required by law. Any statements about future operating results, such as those concerning accretion and dilution to the Company’s earnings or shareholders, are for illustrative purposes only, are not forecasts, and actual results may differ.

CONTACT

First Choice Bank Khoi D. Dang, Esq., 562.263.8336
Executive Vice President and General Counsel