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1st Enterprise Bank: 1st Enterprise Bank Announces Addition of Veteran Banker Rollie Vetterick to Staff

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^{Published in Business and Finance on Wednesday, February 25th 2009 at 16:07 GMT, Last Modified on 2009-02-25 16:08:59 by Market Wire}  

LOS ANGELES, CA--(Marketwire - February 25, 2009) - 1st Enterprise Bank (OTCBB: [ FENB ]) ("Bank") is very pleased to announce that on February 17, 2009, veteran banker Rollie Vetterick joined its staff in its downtown Los Angeles headquarters office. Mr. Vetterick joined our Operations, Customer Service and Relationship Management Teams as Senior Vice President, reporting to Ben Loveless, Executive Vice President. He comes to the Bank with over 35 years of experience in the banking industry, having started his career at Union Bank in downtown Los Angeles in 1973. In 1981, Rollie joined the former 1st Business Bank as an Assistant Vice President in the Operations/Customer Service area at their main office in the One Bunker Hill building at 5th and Grand Avenue in Los Angeles. He remained at that office, and with that bank, through several ownership changes, the most recent of which occurred in June 2008 when Mellon 1st Business Bank was acquired by US Bank. During his years at 1st Business Bank and Mellon 1st Business Bank, Rollie established a reputation as an extremely service oriented individual, and was instrumental in assisting Relationship Managers in developing new business relationships and establishing deep ties with those relationships over many years of service.

"We are thrilled to have Rollie join our team of experienced bankers," said Mr. Loveless. "His broad and thorough knowledge of banking, his extremely high level of customer focus and his tremendous enthusiasm will significantly enhance our strong service culture, and enable us to continue to customize our banking services to meet the specific needs of each customer."

John C. Black, Chief Executive Officer of 1st Enterprise Bank, worked directly with Rollie for seventeen years at the former banks. He commented, "To have a banker with this level of experience, stability and integrity join our team is truly a resounding endorsement of what we have built here over the past several years. I look forward to working with Rollie again, and to introducing or re-introducing him to all of our customers and prospective new customers over the coming years. He is one of the most capable and dependable bankers I have ever had the pleasure of working with."

Rollie is originally from Chicago, Illinois, and is a graduate of Purdue University in West Lafayette, Indiana. After graduation, he was commissioned as an Ensign in the US Navy, serving 4 years on active duty and an additional 21 years in the Naval Reserve. He retired from the Naval Reserve in 1992, having attained the rank of Captain. Rollie's wife, Susie, a graduate of Whittier College, taught 1st grade at several elementary schools in the Torrance Unified School District for over 25 years and retired from teaching in 1992. They have lived in Torrance since their marriage in 1972.

Forward-Looking Statement:

This news release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about 1st Enterprise Bank's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and the following: 1st Enterprise Bank's timely implementation of new products and services, technological changes, changes in consumer spending and savings habits and other risks discussed from time to time in 1st Enterprise Bank's reports and filings with banking regulatory agencies. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made, and 1st Enterprise Bank does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.