Plaza Bank Hires Dean Andersen as Vice President, Branch Manager for New San Diego Regional Business Center

IRVINE, CA--(Marketwired - Sep 30, 2015) - Plaza Bank (OTCBB: PLZB) is pleased to announce it has hired Dean Andersen as Vice President, Branch Manager for its new regional business center in San Diego, which opened earlier this month. Mr. Andersen has more than 30 years of banking experience, including 25 years in the San Diego market. Most recently, he served as Branch Manager for US Bank and also has held similar positions with San Diego National Bank of San Diego, Washington Mutual, and Home Savings of America.

In his new position, Mr. Andersen leads the overall client experience for Plaza Bank's existing and new clients in the San Diego region, while driving business development activities through the sale of niche community banking products and services. He also will oversee the hiring, training, and development of branch staff.

"I look forward to working with the remarkably talented people across Plaza Bank in serving our growing client base in San Diego," Mr. Andersen said. "Through my past experience opening new branches for other financial institutions, I know 'you are only as good as your people.' We have an excellent team that will go the extra mile to ensure every client has an exceptional and personal banking experience, which will lead to our branch success."

"Dean has a proven track record of high performance in the San Diego region, and we are extremely fortunate to have him manage our new regional business center," said Gene Galloway, President and CEO of the Bank. "With his leadership and dedicated team, Plaza Bank is well positioned to meet the financial needs and goals of local businesses and further extend our reputation as a premier community banking partner."

Mr. Andersen has lived in the San Diego area for nearly 35 years and currently resides in Oceanside with his wife and three children. An active member of the community, he is Past President and Board Member for the Oceanside Rotary Club and has served several other non-profit organizations, including Oceanside Charitable Foundation, Mottino Family YMCA, Oceanside Rotary Club Foundation, Arthritis Foundation, and other local charities.

About Plaza Bank
Plaza Bank is full service community bank serving the business and professional communities in Southern California and Las Vegas, Nevada. The Bank is committed to meeting the financial needs of small to middle market businesses and professional firms with loans for working capital, equipment and owner-occupied commercial real estate financing and a full array of cash management services. Our bankers are experienced, professional and knowledgeable. For more information, visit www.plazabank.com.

Forward-Looking Statements
Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbors created by that Act. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements are based on currently available information, expectations, assumptions, projections, and management's judgment about the Bank, the banking industry and general economic conditions. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.

Forward-looking statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this press release. Factors that might cause such differences include, but are not limited to: the Bank's ability to successfully execute its business plans and achieve its objectives; changes in general economic, real estate and financial market conditions, either nationally or locally in areas in which the Bank conducts its operations; changes in interest rates; new litigation or claims or changes in existing litigation or claims; future credit loss experience; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Bank's operations or business; loss of key personnel; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; and the ability to satisfy requirements related to the Sarbanes-Oxley Act and other regulation on internal control.