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UGI Issues Earnings Guidance

California Community Bank Increases the Number of Directors


//business-finance.news-articles.net/content/201 .. nity-bank-increases-the-number-of-directors.html
Published in Business and Finance on Monday, October 25th 2010 at 13:41 GMT by Market Wire   Print publication without navigation


ESCONDIDO, Calif.--([ BUSINESS WIRE ])--California Community Bank (OTCBB:CABK) today announced that they have confirmed the election and appointment of two new directors at their recent Annual Shareholders meeting. This brings the banka™s board size to nine directors.

"Our two newest directors bring a level of skill and experience that will add to the strength of our Board. We appreciate these two additions and look forward to their help in assisting the bank to successfully navigate through this very difficult economic climate."

The two new directors are Keith M. Arendsee and Kenneth B. Dunford. Keith Arendsee is a financial advisor with Torrey Pines Securities and is the son of the banka™s Chairman of the Board, Richard Arendsee. Ken Dunford has over 40 years of experience in the development and construction industry and serves as a consultant for civil construction firms on a limited basis.

Larry Hartwig, President and CEO, commented, aOur two newest directors bring a level of skill and experience that will add to the strength of our Board. We appreciate these two additions and look forward to their help in assisting the bank to successfully navigate through this very difficult economic climate.a

California Community Bank, which commenced operations on August 11, 2003, is headquartered at 1320 West Valley Parkway in Escondido and currently operates 4 branches a" Escondido, Encinitas, San Diego, and Vista, CA. For more information on the Bank, please visit [ www.calcommunitybank.com ] or call 760-888-1000.

Certain statements in this press release, including statements regarding the anticipated development and expansion of the Banka™s business, and the intent, belief or current expectations of the Bank, its directors or its officers, are aforward lookinga statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward looking statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Banka™s performance, regulatory matters and those discussed in filings by the Bank with the Federal Deposit Insurance Corporation.


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