Business, Free News Articles, Real Estate

Legacy Global Development Celebrates Surge of Vacation Home Sales at Its Beautiful Orchid Bay, Belize Property

SAN DIEGO, Calif. -- Legacy Global Development today announced that they are experiencing a significant sales boost at its Orchid Bay, Belize property. Crediting the successful launch of its new Paradise Payment Program and Discovery Stay Tours, the property has over-sold its latest home offering, Bungalows; and has sold four out of six Phase 2 Beachfront Condominiums. All in just the last 6 weeks!

Additionally, two of Orchid Bay's Beach Villas are currently under construction, and it's Discovery Stay Tour, which is an epic 4-day, 3-night vacation to view the property and experience the Orchid Bay community firsthand, is booked through the end of the year.

"Our community has seen a dramatic jolt of momentum in 2019 with more people visiting our property for vacation and a surge of new families buying homes in our development," said Chris Williams, CEO of Legacy Global Development. "We credit our success to the incredible community of people who live here and our team that's dedicated to bringing the vision for Orchid Bay to life. At the start of 2019, we implemented changes based on the feedback from our residents that have had a major impact on our real estate sales, such as creating our new Village Bungalows and offering an attractive payment plan for buyers. We look forward to sharing more success with our community as the year goes on!"

Orchid Bay's newest home offering, Bungalows, were launched in March 2019. Initially, six Bungalows were released for sale, but remarkably, eight have already been sold. These Bungalows make owning a home in Belize attainable to a wider pool of potential buyers, as they're offered at a more affordable price point than Orchid Bay's other homes.

The Bungalows are located in the heart of the Orchid Bay community and are only steps away from the glistening blue waters of the Caribbean Sea. These homes are offered in 1-bedroom/1-bath and 2-bedroom/1-bath open floor plans which efficiently maximize the use of its square footage. Each bungalow has approximately 500 square feet of covered patio for relaxing in the shade while enjoying cooling breezes, modern interior finishes, and access to all of Orchid Bay's on-site amenities.

Tower-C, the third Beachfront Condo building to be constructed at Orchid Bay, Belize, was re-launched this spring, and four of out of the six 2-bedroom/2-bath units have already sold. To meet the growing demands of Belize vacation homeowners and North Americans who are choosing to retire in Belize, the Tower-C Condos will feature updated enhancements which include high-end finishes, exceptional design and layout, an elevator, and a prime beachfront location, while being only steps away from the Caribbean Sea.

Each 1,570-square foot Tower-C Beachfront Condo features a spacious layout with an open concept gourmet kitchen with center island, which overlooks the living room and dining area. Each Condo has two private outdoor terraces, at least one which provides unobstructed views of the shimmering blue Caribbean Sea.

Potential home buyers are encouraged to book a Discovery Stay at Orchid Bay. While there's been a considerable spike in bookings, there's still space available, and all travel arrangements are handled by a Legacy travel agent, including flights. Pricing per couple is $1,999 and inclusive of all food, drinks, excursions, and in-country travel.

Legacy recently launched its optional financing plan called the Paradise Payment Program. Terms include an affordable down payment and monthly payments as low as $999**. This program makes owning a home in Belize highly accessible and practical and has contributed to the influx of sales.

For those buyers who are looking to offset the cost of owning a home at Orchid Bay, Legacy also offers a robust optional Rental Program which manages the entire process of marketing the home, providing first-class hospitality for guests, and ensuring the house is well-maintained while owners are not present. This program comes with a 3-Year Rental Guarantee, which makes buying a home at Orchid Bay a smart real estate investment.

Located in northern Belize, Orchid Bay is a gated, master-planned community situated on a 114-acre site in the Bay of Chetumal. It combines North American comforts with a spectacular Caribbean setting. The development was influenced by innovations in community design that reveal small-town accessibility, connectivity, and convenience - all with respect to the natural environment. The master plan calls for a series of canals and basins for easy navigation around the community, first world infrastructure, and 10 percent green space set aside.

The community is comprised of Beachfront Condominiums, Casitas, Waterway Villas, Bungalows, and home sites and lots where Orchid Bay home buyers can build their own custom home. On-site amenities include the Tradewinds Beach Club and Restaurant, as well as a future grocery store and medical clinic, both of which will be opening in the near future. Orchid Bay offers many activities and tours for its residents, all with easy access to the best of Belize.

To learn more about Orchid Bay, Belize or to book a Discovery Stay, visit https://orchidbaybelize.com/, call (877) 959-9646 or email hello@legacyglobaldevelopment.com.

**Terms and conditions apply and not all applicants will qualify.

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Business, Free News Articles

Bank of Southern California NA Announces First Quarter 2019 Results and Reports Growth Amidst Expansion

SAN DIEGO, Calif. -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) today reported results for the first quarter ended March 31, 2019. Total assets grew to $769 million for the first quarter of 2019, a 47% increase compared to the first quarter of 2018. Quarterly net income increased 72% to $1.85 million compared to $1.07 million in Q1 of 2018. Total loans ended the quarter at $629 million and total deposits were $636 million.

First Quarter 2019 Financial Highlights
* Total Assets end at $769 million vs. $768 million at December 31, 2018 and $522 million at March 31, 2018, an increase of 47% over the prior year
* Quarterly Net Income of $1.85 million compares to $2.00 million in Q4 2018 and is up 72% compared to $1.07 million in Q1 2018
* Comparisons are affected by the acquisition of Americas United Bank ("AUB") on July 31, 2018

Nathan Rogge, President and CEO of Bank of Southern California said, "Our first quarter results highlight operating improvements in several key financial areas while we also successfully integrated people, processes, and culture as a result of our recent expansion in the Greater Los Angeles and Orange County regions. As we move forward through 2019, we will remain focused on driving profitable growth as we continue to optimize how we deliver banking services to our customers with an emphasis on speed to market."

"To further support the Bank's growth goals, we have completed an internal restructuring leading to the promotions of Tony DiVita to Chief Operating Officer and Gaylin Anderson to Chief Banking Officer. Additionally, we hired two seasoned Group Managing Directors to lead our growing Business Banking and Branch Banking business units. We are optimistic about the opportunities that are ahead of us as we continue to build Bank of Southern California as a leading community business bank in Southern California," added Rogge.

John Farkash, Chairman of the Board said, "We are pleased with the Bank's year over year results which are attributed to the growth and the efficiencies realized from the acquisition as well as our continued solid organic growth. Overall, we remain confident that our strategic priorities will deliver greater value to our shareholders as we progress through the year and beyond."

Additional Financial Highlights
* Total Deposits - the Bank has been focused on repositioning its deposit portfolio mix to lower cost, non-time deposits while reducing reliance of non-core deposits. While total deposits increased approximately $8 million since December 31, 2018, non-time deposits grew by $25 million as time deposits decreased by $17 million, including $11 million of CDARs time deposits. The Bank expects to continue to reposition its deposit portfolio focused on organic non-time deposit growth. This will have a temporary effect on asset growth, but a longer-term positive impact on net interest margin.
* Total Loans declined $6 million during the quarter to $628 million at quarter end. While new loan production slowed modestly during the quarter, total loans paid off were over $30 million during Q1 2019, primarily from longer term real estate loans, as competition increased with refi-rates moving lower during the quarter.
* Net interest income for Q1 2019 decreased $333 thousand, or 4.1%, to $7.7 million, from $8.0 million in the prior quarter, despite a 2.0% increase in average earning assets. The accretion of fair value discount on the loan portfolio, which added 16 basis points to net interest margin in Q1 2019, declined $118 thousand compared to the prior quarter. Net interest margin declined to 4.41% in Q1 2019 from 4.59% in Q4 of 2018, partially due to cost of deposits, which increased from 0.84% in Q4 2018 to 0.96% in Q1 2019.
* Nonperforming assets were 0.43% of total assets at March 31, 2019, compared to 0.60% in the prior quarter. The allowance for loan losses (ALLL) was 0.74% of total loans at March 31, 2019, up from 0.69% in the prior quarter. When including $2.5 million in loan fair value credit marks (LFVCM), the ALLL and LFVCM represent 1.14% of total loans, up from 1.10% at December 31, 2018.
* The Bank continues to be "well-capitalized", reporting total risk-based capital of 14.6% as of March 31, 2019.

[Quarterly Financial Highlights Table Follows]

More details about our most recent quarterly results and trends are available on our website, by clicking here: https://www.banksocal.com/wp-content/uploads/BSC-Quarterly-Trends-1Q19.pdf

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 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.

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:
Amanda Conover
Bank of Southern California
aconover@banksocal.com
858.847.4762

* 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 NA

Bank of Southern California

Quarterly Financial Highlights
(Unaudited)
Quarterly1st Qtr Prior Years
($$ in thousands except per share data)2019 2018 2018 2018 2018
1st Qtr4th Qtr3rd Qtr2nd Qtr1st Qtr2017 2016
EARNINGS
   Net interest income$7,6988,0316,7365,2824,8513,9193,526
   Provision for loan losses$300450450400300169138
   NonInterest income$4205265776021,098404299
   NonInterest expense$5,1985,2795,5873,6524,0532,9722,830
   Income tax expense$771823401526524472353
   Net income$1,8492,0058751,3061,072710504
   Basic earnings per share$0.220.240.110.190.200.140.12
   Average shares outstanding8,409,2728,402,2517,689,8276,991,3275,281,2975,140,4974,307,538
   Ending shares outstanding8,410,5228,408,0228,398,0926,998,7506,953,7205,140,4974,307,538
PERFORMANCE RATIOS
   Return on average assets0.99%1.07%0.52%1.00%0.90%0.67%0.59%
   Return on average common equity7.30%7.91%3.77%6.85%8.53%6.37%5.78%
   Yield on loans5.66%5.63%5.30%5.38%5.13%4.89%4.87%
   Yield on earning assets5.36%5.40%4.87%4.78%4.78%4.27%4.66%
   Cost of deposits0.96%0.84%0.72%0.62%0.53%0.34%0.28%
   Net interest margin4.41%4.59%4.23%4.22%4.27%3.95%4.40%
   Efficiency ratio64.03%61.70%76.40%62.06%68.13%68.75%73.99%
CAPITAL
   Tangible equity to tangible assets11.29%11.01%11.14%14.54%14.14%10.24%9.90%
   Book value (BV) per common share$12.3012.0611.7711.0010.798.838.13
   Tangible BV per common share$10.079.819.4910.8110.598.547.69
ASSET QUALITY
   Net loan charge-offs (recoveries)$(7)(0)(29)341(9)(54)(0)
   Allowance for loan losses (ALLL)$4,6794,3733,9223,4433,3853,1432,565
   ALLL to total loans0.74%0.69%0.65%0.83%0.83%0.90%0.82%
   Loan fair value credit marks (LFVCM)$2,4792,5942,8346817591,3111,766
   ALLL and LFVCM to total loans1.14%1.10%1.11%0.99%1.01%1.28%1.38%
   Nonperforming loans$3,2984,5743,7332,7471,2722,0402,054
   Other real estate owned$0000014698
   Nonperforming assets to total assets0.43%0.60%0.51%0.53%0.24%0.51%0.59%
END OF PERIOD BALANCES
   Total loans$628,538634,651606,753414,925409,196349,348313,971
   Total assets$768,823767,948734,923521,437522,118430,334367,122
   Deposits$635,676627,816632,803442,046444,300382,991312,321
   Loans to deposits98.88%101.09%95.88%93.86%92.10%91.22%100.53%
   Shareholders' equity$103,481101,36098,86577,00675,01645,36738,050
   Full-time equivalent employees96949465736564
AVERAGE BALANCES (QTRLY) | | (YTD)
   Total loans$629,799627,544540,165407,779403,693332,308301,535
   Earning assets$707,920694,190632,508501,776460,636402,698321,752
   Total assets (net of AFS valuation)$755,842741,463670,942525,934484,628426,831343,841
   Deposits$628,950626,433569,424446,815425,641379,957303,409
   Shareholders' equity$102,707100,50092,09176,44050,98345,17537,992

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Business, Free News Articles, Real Estate

Legacy Global Development Offering a Special $100,000 Discount to Buyers of Its Brand New, Beachfront Condos at Orchid Bay, Belize

SAN DIEGO, Calif. -- Legacy Global Development today announced they are offering a $100,000 discount to buyers who reserve a Beachfront Condo in Tower-C at Orchid Bay, Belize. Interested buyers can also save $500 when booking a Discovery Stay, which is a 4-day, 3-night vacation to view the property and experience the Orchid Bay community and Belize, firsthand. The deadlines to book a Discovery Stay and reserve a Beachfront Condo are both May 10, 2019.

For the first time ever, Legacy Global Development is also offering buyers an optional financing plan on one of its beachfront properties. Called the Paradise Payment Program, buyers can put down a deposit of $250,000 and finance the remaining cost of their Beachfront Condo**. This program also offers the option to pay the $250,000 deposit in multiple payments, instead of in full upfront.

"The growth of tourism in Belize is astounding. It's similar to what we've seen in other popular destinations in Latin America, only this time it's happening so rapidly thanks to the internet and the increased awareness of all that makes Belize so attractive for visitors," said Chris Williams, CEO of Legacy Global Development. "As a result, we've received more demand for beachfront real estate at Orchid Bay, Belize in the last year than we've seen in all of the previous years combined since we've taken over as the developer in 2016. That's why we're offering the deal of a lifetime on our Beachfront Condos, and we know the families who buy now are going to be forever grateful they got a piece of beachfront real estate on the Caribbean Sea at this current rate."

Tower-C is the third Beachfront Condo building to be constructed at Orchid Bay, Belize. Tower-A and Tower-B Condos were all sold in 2016. To meet the growing demand of Belize vacation home owners and North Americans who are choosing to retire in Belize, the Tower-C Condos will feature updated enhancements which include high-end finishes, exceptional design and layout, an elevator, and a prime beachfront location, while being only steps away from the Caribbean Sea. Architecture is being done by Zurcher Arquitectos, and interior design being handled by its sister company, Zurcher Interiors.

Each 1,570-square foot Tower-C Beachfront Condo will have two bedrooms, two full bathrooms, and will comfortably sleep four to six people. Its spacious layout features an open concept gourmet kitchen with center island, which overlooks the living room and dining area. Each sea-facing Condo has two private outdoor terraces, at least one which provides unobstructed views of the shimmering blue Caribbean Sea, allowing residents to watch the tide from sunrise to sunset, from the privacy of their own home away from home.

Three of the six Tower-C units are currently sold, and construction will begin after the three remaining units are sold. Prices start at $289,000, with the special $100,000 discount. To be eligible for the $100,000 savings, buyers must reserve their Beachfront Condo by May 10, 2019.

Potential home buyers are encouraged to book a Discovery Stay at Orchid Bay and save $500 off of its regular $1,999 price, if booked before May 10, 2019. This epic 4-day, 3-night vacation allows those who are interested in purchasing a Beachfront Condo to view the property and experience the Orchid Bay lifestyle firsthand, as well as take part in the fun and adventurous activities Belize is well-known for.

The tour is booked by a Legacy travel agent who handles all arrangements, along with booking roundtrip flights at times which are convenient to each guest's schedule. Pricing is per couple, inclusive of all food, drinks, excursions, and in-country travel.

Legacy Global Development is currently offering additional incentives for new home buyers, which makes owning a home in paradise highly accessible and practical.

The Rental Program offers Orchid Bay homeowners a 3-year rental guarantee and handles all marketing and logistics, so owners can sit back while passively generating revenue on their property. Legacy also recently announced the Paradise Retirement Plan, where owners can buy their home years prior to retiring. Then they can offset the cost of ownership through the Rental Program until they decide to move to Belize full-time.

Located in northern Belize, Orchid Bay is a gated, master-planned community situated on a 114-acre site in the Bay of Chetumal. It combines North American comforts with a spectacular Caribbean setting. The development was influenced by innovations in community design that reveal small-town accessibility, connectivity, and convenience - all with respect to the natural environment. The master plan calls for a series of canals and basins for easy navigation around the community, first world infrastructure, and 40 percent green space set aside.

The community is comprised of Beachfront Condominiums, Casitas, Waterway Villas, Bungalows, and home sites and lots where Orchid Bay home buyers can build their own custom home. On-site amenities include the Tradewinds Beach Club and Restaurant, as well as a grocery store and medical clinic, both of which will be opening in the future. Orchid Bay offers many activities and tours for its residents, all with easy access to the best of Belize.

To learn more the Tower-C Beachfront Condominiums at Orchid Bay, Belize or to book a Discovery Stay, visit https://legacyglobaldevelopment.com/, call (877) 959-9646 or email hello@legacyglobaldevelopment.com.

** Terms and conditions apply and not all will qualify.

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Business, Free News Articles, Software

Mortgage Capital Trading Bolsters Executive Management Team with Addition of Leslie Winick as Chief Strategy Officer

SAN DIEGO, Calif. -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that Leslie Winick has joined the company as Chief Strategy Officer (CSO). In this newly created position, Ms. Winick will play an integral role in helping MCT hone its strategic direction, further increase market share, manage rapid growth, and delight clients.

Ms. Winick has a rich background in management consulting, organizational leadership, strategy development, and guiding large-scale enterprise projects, as well as possesses a wide range of business expertise in each functional area within a company.

"Leslie is a talented and accomplished business leader who has a long-standing track record of taking organizations to the next level," stated Curtis Richins, president of MCT. "We've been working with Leslie for several years now on a consulting basis and are elated to engage with her on a more official level that makes her part of the day-to-day management activities."

From agile start-ups to global industry standouts, Ms. Winick has guided cross-functional teams responsible for strategic planning, process design and improvement, product lifecycle management, and new business formation within the financial services, software, telecommunications, life sciences, manufacturing, energy, and transportation sectors. She has designed and delivered high-impact, business critical projects across the U.S., Europe, and Asia.

Ms. Winick originally partnered with MCT as Managing Partner and Co-founder of SimpatiCo Consulting, a boutique firm serving Fortune 1000 and Fast 500 clients. She has also been a Managing Consultant within Gemini Consulting's strategy discipline. She began her career at J.P. Morgan & Company, first as an internal consultant and later as a fixed-income research analyst covering investment grade sovereign entities and the U.S. government-sponsored enterprises (GSEs).

"Not only does MCT provide the gold standard in advisory services and cutting-edge, supporting technology to the mortgage industry, but at the heart of the company is a clients-first mentality. Customer focus has been a driving theme throughout my career, and it's one of the reasons I wanted to join MCT more formally - it's in the company DNA. I'm thrilled to officially become a family member."

In her new role, Ms. Winick is responsible for charting MCT's long-term strategic path, as well as overseeing critical initiatives in pursuit of company goals. She is also on-point for forging relationships with influential and innovative industry participants.

"MCT has experienced unprecedented growth over the past several years, and our intent is to continue to increase share by supporting clients as they navigate the uncertainty of market dynamics, rapid technology advances, government regulation, and consolidation. It's our vision of the future, unbelievably talented team members, and our ability to bring complementary partners into our ecosystem that allows MCT to be the calm in the storm," stated Winick.

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

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Business, Free News Articles

Bank of Southern California NA Appoints Rick Beatty Vice President, Underwriter

SAN DIEGO, Calif. -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has named Rick Beatty Vice President, Underwriter. He will be responsible for structuring, analyzing and underwriting commercial credit for small to middle market companies as well as managing an existing portfolio of clients.

Mr. Beatty brings nearly 30 years of local banking experience covering credit administration, commercial underwriting and portfolio management. Most recently, he served as Vice President, Senior Underwriter for Regents Bank where he was responsible for underwriting and managing commercial credit to small and middle market companies, real estate investors, and private banking clients. Mr. Beatty obtained a Master of Business Administration in Finance from the University of Arizona.

"Rick's extensive in-market experience will be a great asset to Bank of Southern California, and we are pleased to welcome him to our underwriting team," said Robert Marshall, Executive Vice President and Chief Credit Officer. "He will play an important role as we continue to expand our reach and provide financing for more businesses throughout Southern California," 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 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

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MCT Reorganizes Sales Processes, Expands National Sales Team, and Forms Customer Success Group

SAN DIEGO, Calif. -- Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, today announced it has restructured the company's internal sales processes, bolstered the sales team, and launched a Customer Success Group (CSG). Implementation of the changes pave the way for significant growth as the company continues innovating, launching new products and services, and on-boarding clients.

MCT's national sales team will continue to cover the entire country via structured territories but will now arm salespeople with the ability to introduce additional solutions, services and software to lenders. Tom Farmer, Managing Director at MCT, who is an accomplished business development and marketing executive, has assumed the role of Managing Director of National Sales, taking over for industry veteran Bill Wooten after recently retiring as Managing Director emeritus. Tom's solution-oriented approach to sales management and business strategy have already yielded tangible results since assuming the role full-time.

"I am proud to take over the reins of this accomplished sales operation," said Mr. Farmer. "I look forward to upholding and expanding upon the impressive record of customer service and growth the MCT sales team has seen under Bill Wooten's leadership."

In addition to new leadership, MCT has organized national sales coverage into six regional territories. Anthony Ianni and Rhiannon Bolen have assumed the roles of Northwest and South Regional Sales Director, respectively. They join MCT veterans Rhonda Beck, Southeast Sr. Regional Sales Director; Danyel Shipley, West Regional Sales Director; Joel Dulmage, Midwest Regional Sales Director; and Cara Krause, Northeast Regional Sales Director.

Details on MCT sales territories and contacts can be found on the MCT website contact page: https://mct-trading.com/contact/.

Integral to the update of company-wide sales processes is the addition of a new Customer Success Group that is 100 percent focused on ensuring new customers are as successful as possible during the on-boarding stage and post ramp up with respective MCT support teams. This newly formed group will be run by Director of MCTlive! Deployment Paul Yarbrough, who will focus on establishing consistent customer touch points, open communications, provide efficiency tools, and intimate support levels in order to deliver the best possible customer experience. Maximizing the success and performance optimization of MCT clients in every way possible is the founding mission and chief priority for the CSG to move MCT forward.

"It is hands down the most exciting, successful time that MCT has ever experienced since being founded back in 2001," said Curtis Richins, President of MCT. "As a company, we've gone through so many monumental positive changes over the years, grown tremendously, hit major milestones, and had an immeasurable impact in moving the mortgage industry forward with secondary marketing advancements. The updates we are making to our sales organizations are all extremely favorable and designed to enable us to grow at a healthy, controlled rate while continuing to deliver the best-in-class service that is core to MCT's DNA. MCT has entered a new chapter and the future is incredibly bright."

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, 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 capital markets experts and senior traders who continue to provide the boutique-style hands-on engagement clients love.

For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Twitter: #MortgageCapitalTrading #MCT #MortgageHedgeAdvisory #SecondaryMarketingSoftware #CustomerSuccessGroup

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Bank of Southern California NA Promotes Tony DiVita to Chief Operating Officer

SAN DIEGO, Calif. -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has named Tony DiVita Executive Vice President, Chief Operating Officer. Mr. DiVita joined Bank of Southern California in 2011 and most recently held the position of Executive Vice President, Chief Banking Officer.

In his new role, he will be responsible for overall company performance, providing day-to-day leadership ensuring goals and objectives are achieved.

"Tony's experience, skills and knowledge of our business is invaluable as we continue to execute our strategic initiatives and plan of growing Bank of Southern California into the bank of choice for businesses and employer of choice for employees in Southern California," said Nathan Rogge, President and Chief Executive Officer.

"He is a seasoned and trusted leader who consistently delivers results. Tony is uniquely qualified to drive strategic priorities and accountability, with a focus on operational excellence. He will play a key role in helping us achieve our next level of growth," 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.

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

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Business, Free News Articles, Real Estate

As Belize Becomes Recognized as a Top Destination for Travelers and Expats, Orchid Bay Presents a Prime Investment Opportunity for Homeowners

SAN DIEGO, Calif. -- As many North Americans are purchasing vacation homes, and retirees are choosing to move to tropical destinations full-time or part-time, Belize is quickly becoming the top choice for home buyers, says Legacy Global Development.

Many investors are jumping on this growing real estate trend and turning to Belize. Buying a home in Belize presents an investment opportunity for those who want to buy in early, especially as Belize's status as an up and coming destination is rapidly gaining in popularity.

Robb Report, Forbes, Los Angeles Times, and others have recently named Belize as a top Caribbean destination for 2019. There are several reasons why Belize is so desirable to investors. There are low property taxes, and no estate tax or capital gains tax. Additionally, assets are protected by British Common Law. Belize also allows 100 percent foreign ownership of property and businesses.

Legacy Global Development's Orchid Bay, Belize community is currently offering incentive programs for new home buyers, which are attractive to investors and makes owning a home in paradise highly-accessible and practical.

The Rental Program offers Orchid Bay investors a 3-year rental guarantee and handles all marketing and logistics, so owners can sit back while automatically generating revenue on their property. Legacy also recently announced the Paradise Retirement Plan, where owners can buy their home years prior to retiring. Then they can offset the cost of ownership through the Rental Program until they decide to move to Belize full-time.

Once moving to Belize, retirees may be eligible for Belize's Qualified Retirement Program (QRP), which allows them to bring in $15,000 worth of personal goods tax-free and pay no Belizean taxes on any foreign-earned income.

"Belize is the hidden gem of Central America that many home-buyers overlooked for a long time, while places like Costa Rica and Panama got all the attention," said Chris Williams, CEO of Legacy Global Development. "Now it's Belize's time to shine and all of the early Orchid Bay investors are looking pretty smart for purchasing property in Belize years before the rest of the world knew what an incredible place it is to visit and live."

One of the biggest reasons Belize is so inviting to Orchid Bay investors is that English is the country's official language, so all real estate contracts are in English. Belize is also very accessible as it's only a 2-hour flight from top U.S. cities, very close to Mexico, and US Dollars are accepted everywhere because Belizean currency is pegged to the USD. Belize is one of the few safe, tropical destinations that has preserved its gorgeous environment, unique wildlife, and exotic culture.

Located in northern Belize, Orchid Bay is a gated, master-planned community situated on a 114-acre site in the Bay of Chetumal. It combines North American comforts with a spectacular Caribbean setting. The development was influenced by innovations in community design that reveal small-town accessibility, connectivity, and convenience - all with respect to the natural environment. The master plan calls for a series of canals and basins for easy navigation around the community, first world infrastructure, and 40 percent green space set aside.

The community is comprised of Beachfront Condominiums, Casitas, Waterway Villas, Bungalows, and home sites and lots where Orchid Bay investors can build their own custom home. On-site amenities include the Tradewinds Beach Club and Restaurant, as well as a grocery store and medical clinic, both of which will be opening soon. Orchid Bay offers many activities and tours for its residents, all with easy access to the best of Belize.

Potential buyers are encouraged to book a Discovery Stay at Orchid Bay. This epic 4-day, 3-night vacation allows those who are interested to view the property and experience the Orchid Bay lifestyle firsthand, as well as take part in the fun and adventurous activities Belize is well-known for.

The tour is booked by a Legacy travel agent who handles all logistics for guests, along with booking roundtrip flights at times which are convenient to each person's schedule. The Orchid Bay Discovery Stay is $1,999 per couple, inclusive of all food, drinks, excursions, and in-country travel.

To learn more about investment opportunities at Orchid Bay, Belize or to book a Discovery Stay, contact Legacy Global Development today at (877) 959-9646 or hello@legacyglobaldevelopment.com.

More information online: https://legacyglobaldevelopment.com/

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Business, Free News Articles

Bank of Southern California NA Appoints Gaylin Anderson to Chief Banking Officer

SAN DIEGO, Calif. -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has appointed Gaylin Anderson Executive Vice President, Chief Banking Officer. Mr. Anderson previously served as Executive Vice President, Market Executive, and was responsible for the bank's growth within the newly added Los Angeles and Orange County markets.

In his new role, he will lead the company's business development efforts, portfolio management and customer retention.

"Gaylin has been a valuable member of our executive leadership team since he joined Bank of Southern California in 2018 and played a key role in the acquisition of Los Angeles-based Americas United Bank," said Nathan Rogge, President and Chief Executive Officer.

"I am confident he will continue to be an asset to the organization and will help drive the bank's organic growth," 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.

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

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Business, Free News Articles, Long Term Care, NonProfit and Charities

Keep Our Seniors Safe Act Passes Senate Committee – Portantino’s SB 172

SAN DIEGO, Calif. -- Consumer Advocates for RCFE Reform (CARR) announces its collaboration and partnership with California State Senator Anthony Portantino (D, SD 25) in the drafting of Senate Bill 172 Firearms, enhancing safe storage protections for the two most vulnerable populations in our society: the elderly and children.

Testimony on the bill was received by the Senate Committee on Public Safety during a hearing on 2 April. The bill moved out of committee with a 6-0 vote (Morrell abstaining); it now moves to Senate Appropriations before being sent to the Assembly.

CARR partnered with Senator Portantino's office to draft the bill's provisions requiring secure firearm storage in assisted living facilities - the Keep Our Seniors Safe Act. An estimated 70 percent of assisted living residents are diagnosed with Alzheimer's Disease or related dementias, yet California law neither defines nor mandates safe storage of firearms, ammunition or other dangerous weapons in assisted living facilities. The state's regulatory agency, Department of Social Services, Community Care Licensing Division, also does not track the number of facilities allowing firearms. If enacted, this legislation would close these statutory gaps.

SB 172 also expands California's existing Child Access Prevention (CAP) laws creates new crimes for failures to properly secure firearms. CAP laws have been shown to be effective at reducing suicides and unintentional firearm deaths and injuries of children, citing a study of twelve states' where unintentional firearms deaths fell by 23 percent.

About CARR:
Consumer Advocates for RCFE Reform (CARR) is a San Diego-based 501(c)3 not-for-profit organization promoting transparency and accountability for consumers using assisted living services, and specializing in public document research on assisted living facilities, and the state's oversight of the industry. Learn more: https://rcfereform.org/

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