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Beach Business Bank: Beach Business Bank Chairman Appointed to FDIC Advisory Committee

^{Published on 2009-09-18 17:43:26 - Market Wire}
 

MANHATTAN BEACH, CA--(Marketwire - September 18, 2009) - Beach Business Bank (OTCBB: [ BBBC ]) (the "Bank") is pleased to announce that the Federal Deposit Insurance Corporation (FDIC) has appointed the Bank's chairman, Jim Gray, as one of only 14 members on its Advisory Committee on Community Banking, which was established by the FDIC Board of Directors in May. The Advisory Committee members represent a cross-section of community bankers from around the nation, including a member from academia. The Advisory Committee will provide the FDIC with advice and recommendations on a broad range of policy issues that have particular impact on small community banks from around the nation.

On September 18, 2009, FDIC Chairman Sheila Bair was quoted as saying, "I look forward to working with the Advisory Committee members on this important endeavor to get valuable contributions and viewpoints to help community banks -- large and small -- to continue to weather the challenging business environment."

The 14 individuals selected for the Advisory Committee represent a full spectrum of interests and perspectives on community banking. The FDIC received more than 200 applications from interested individuals to participate on the committee.

The committee's first meeting is scheduled for Thursday, October 15, 2009, at FDIC headquarters in Washington, D.C. The committee will meet at least two times a year with Members serving a two-year term.

For more information on the Advisory Committee on Community Banking, please visit the FDIC's Web site at [ http://www.fdic.gov/communitybanking/ ].

Beach Business Bank is headquartered at 1230 Rosecrans Avenue, Lobby Level, in Manhattan Beach, and has a second full-service office at 180 E. Ocean Blvd. in Long Beach, CA. The Bank is first and foremost a community business bank serving Los Angeles, Long Beach, and the South Bay area residents and businesses. The Bank also has a division named The Doctors Bank, which serves physicians and dentists nationwide. In addition, Beach Business Bank provides loans to small businesses, focused around the SBA 7(a), 504, and Express lending programs. The Bank makes a special effort to serve minority-owned businesses. For more information on the Bank, please visit [ www.beachbusinessbank.com ] or call 866-862-3878 or 310-536-2260; in Long Beach, call 562-435-8600.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:

The information in this press release is based on "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements are subject to risks and uncertainties. The Bank cautions readers not to place undue reliance on any forward-looking statements. The Bank does not undertake, and specifically disclaims any obligation, to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.