| Press Release – February 7, 2005 |
Professional Business Bank (PBBK.OB)
Professional Business Bank Announces Resignation of Brian H. Kelley as CEO
Pasadena, California – (February 7, 2005) ProBizBank (OTCBB: PBBK.OB) has announced the resignation of Brian H. Kelley as President and CEO of the Bank, due to his decision to return to the practice of law and to pursue other business interests. William H. Baribault, Chairman of the Board, stated that "Mr. Kelley will be replaced as President and CEO on an interim basis by Norman O. Broyer, the Bank’s chief credit officer. Mr. Broyer, who has been with the Bank since it opened in 2001, will also continue as the Bank’s chief credit officer until the Board selects a permanent replacement for Mr. Kelley."
Mr. Kelley, who presently plans to continue to work with the Bank on a consulting basis, said "I have great expectations for the Bank and will continue to be one of ProBizBank’s staunchest supporters. I take great comfort in leaving the Bank in good, capable hands. As ProBizBank continues to mature and grow, you will see it moving in new directions, growing in new ways, and broadening its offering of services and products. As the only locally-owned bank in either Pasadena or Glendale, the Bank really is in a unique position to fill the demand for locally-based, responsive, personalized banking."
Mr. Broyer, in his first public statement as interim President and CEO of ProBizBank, said "I am looking forward to the challenge of serving as the Bank’s interim CEO and working with the Board of Directors to continue ProBizBank’s strong growth and performance record."
SOURCE: Professional Business Bank
199 S. Los Robles Avenue
Pasadena, CA 91101
CONTACT: Jon Matalon, Chief Financial Officer, 1-626-395-7000.
URL: http://www.probizbank.com
PBBK.OB