Business & Finance
Business and Finance
Business and Finance 
Wed, December 23, 2009
Tue, December 22, 2009
Beach Business Bank Promotes Susan Covey and Lynn Flanagan
MANHATTAN BEACH, CA--(Marketwire - December 22, 2009) - Beach Business Bank (
Melissa Lanfre, the Bank's CFO, had this to say about Ms. Covey, "Susan joined our Bank in December 2005 as Vice President and Controller. Since her first day, she has worked tirelessly on behalf of the Bank and the Finance Department." In her duties as Controller, Susan administers the Bank's accounting functions and supervises an accounting staff of three. She is primarily responsible for management of the Bank's liquidity, as well as management and regulatory reporting. Ms. Covey is also responsible for managing or performing all the tasks related to the Bank's Human Resources.
Lynn Flanagan joined the Bank in March 2006 as Assistant Vice President and Client Services Officer. Melissa Rickabaugh, the Bank's Senior Operations Officer, had this to say about Ms. Flanagan, "Throughout her tenure at the Bank, Lynn has consistently demonstrated an ability to handle complex client transactions, understand the system parameters and interfaces necessary to make our products and services work effectively, and work within the compliance requirements set out by the various regulatory agencies governing the Bank."
"We are excited to promote these two dedicated colleagues who daily make a difference for the Bank," noted Robert Franko, Beach Business Bank president and CEO. "Their continued support and effort, along with the efforts of all of our professional colleagues, is a key element to the Bank's loyal customer base, and our continued growth and success," he added.
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. 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 financial information in this press release is based on our unaudited financial results. Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank's business, and the intent, belief, and current expectations of the Bank, its directors, or its officers, are "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 and therefore the Bank's actual results may differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties that the Bank is subject to include, but are not limited to, risks related to the local and national economy, including fluctuations in interest rates and costs and changes in economic policy; the ability of the Bank to perform in accordance with its plans; competition; regulatory matters; and other risks detailed in its filings with the State of California Department of Financial Institutions and the Federal Deposit Insurance Corporation. 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.