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

SAN DIEGO, Calif. -- 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

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Bank of Southern California NA Announces Senior Vice President Promotions

SAN DIEGO, Calif. -- 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

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

SAN DIEGO, Calif. -- 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

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

SAN DIEGO, Calif. -- 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

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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 -- 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

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

SAN DIEGO, Calif. -- 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

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

SAN DIEGO, Calif. -- 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

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Bank of Southern California NA Completes Acquisition of Americas United Bank

SAN DIEGO, Calif. -- 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

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

SAN DIEGO, Calif. -- 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

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Tips for Selecting the Best Commercial Bank for Your Small Business

SAN DIEGO, Calif. -- 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

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