News

Professional Business Bank Names Chief Credit Officer

Michael V. Tyminski Joins Growing Pasadena Bank

PASADENA, CALIF., April 6, 2011 – Professional Business Bank, a Pasadena-based community bank serving businesses in the San Gabriel Valley, has named Michael V. Tyminski chief credit officer. Tyminski arrives at Professional Business Bank with a 33-year background in banking that includes senior positions at Citicorp, City National Bank and Wedbush Bank.

"Michael's expertise in credit policy and risk management will contribute to the continued strengthening of our loan portfolio and enable the bank to grow its business lending in 2011," said Mary Lynn Lenz, President and CEO of Professional Business Bank. "He brings to the bank a broad range of experiences across the full banking spectrum, including a de novo bank, community and regional banks and a much larger money center bank in Citicorp."

Tyminski was formerly a member of the executive team that formed Wedbush Bank in Los Angeles in 2008, serving as executive vice president and chief credit officer responsible for overseeing the bank's asset quality and developing credit policy. Prior to that, Tyminski was senior vice president at City National Bank where he created the bank's Franchise Finance Group and oversaw its Los Angeles Metropolitan Commercial Banking Group, a commercial middle market client based with credit facilities that exceeded $500 million.

During a 14-year tenure at Citicorp, Tyminski served as team leader for corporate banking and ascended to division credit officer for a commercial real estate loan portfolio of nearly $5 billion. Tyminski also served as portfolio risk manager and team leader for franchise finance while at Citicorp.

"Michael Tyminski is a welcomed addition to the executive team at Professional Business Bank and will be a valuable resource for the bank's customers," said Lenz.

Professional Business Bank specializes in serving small to mid-sized businesses, including medical professionals, professional service providers such as attorneys and CPAs, manufacturing firms and various other regional businesses. The bank operates from six branches located in both central and east Pasadena, Montebello, Glendale, Irvine, and Huntington Beach.

About Professional Business Bank
Professional Business Bank is a full-service financial institution that serves the personal and business banking needs of Southern California businesses with an emphasis on companies located throughout the San Gabriel Valley and the Tri-Cities area. Professional Business Bank was founded in 2001.

Forward-Looking Statements
Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbors created by 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 describe future plans, strategies and expectations. Forward-looking statements are based on currently available information, expectations, assumptions, projections, and management's judgment about Professional Business Bank ("PBB"), the banking industry and general economic conditions. These 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, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.

Forward-looking statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this press release. Factors that might cause such differences include, but are not limited to: PBB's ability to successfully execute its business plans and achieve its objectives; changes in general economic, real estate and financial market conditions, either nationally or locally in areas in which PBB conducts its operations; changes in interest rates; new litigation or changes in existing litigation; future credit loss experience; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect PBB's operations or business; loss of key personnel; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; and the ability to satisfy requirements related to the Sarbanes-Oxley Act and other regulation on internal control.