NEW YORK, March 4, 2009 (GLOBE NEWSWIRE) -- Veteran business journalist Sasha Salama joins C. G. Kum, President, CEO, and Director, First California Financial Group, Inc. (Nasdaq:FCAL) to discuss the company's industry, strategy, financials and positioning.
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C. G. Kum was appointed President, Chief Executive Officer and Director of First California Bank, formerly known as Camarillo Community Bank, in September of 1999. Under his leadership, First California has emerged as a force of strength and stability in Southern California banking, having grown from two branches and total assets of $100 million in 1999 to 18 branches and more than $1.4 billion in total assets as of February 2009. With more than three decades of banking experience, Mr. Kum previously served in various credit, lending and management positions for banks in San Francisco, Denver and Southern California. He earned his bachelor's degree from the University of California at Berkeley, received his M.B.A. from Pepperdine University and is a graduate of Stonier Graduate School of Banking. Currently a member of Government Relations Council of the American Bankers Association, Mr. Kum also served as President of the Board of Directors of Community Bankers of California from 2005 through 2006.
About First California Financial Group, Inc. (FCAL)
First California Financial Group, Inc. operates as the holding company for First California Bank, which provides banking products and services to individuals, professionals, and small to mid-sized business. Its deposit products include interest and non interest bearing checking, savings and money market accounts, and certificates of deposit. The company's loan portfolio consists of real estate-secured loans, including commercial real estate loans, construction loans, home mortgage loans, home equity loans, and lines of credit, as well as consumer loans and credit card loans. It also offers construction finance, SBA lending, and entertainment finance. As of March 31, 2008, First California Financial Group operated through 12 full service banking offices and a loan production office located in southern California. The company was founded in 1981 and is based in Westlake Village, California.
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