EX-99.1 2 dex991.htm PRESS RELEASE Press release

Exhibit 99.1

 

PRESS RELEASE

 

Beverly Hills Bancorp Inc.

23901 Calabasas Road., Ste. 1050

Calabasas, CA 91302

 

Contact Information:

   Larry B. Faigin
     Chairman of the Board
     800.515.1616
     818.223.5474
     larry.faigin@bhbc.com
     Joseph W. Kiley III
     President and Chief Executive Officer
     First Bank of Beverly Hills
     800.515.1616
     818.223.5418
     joe.kiley@fbbh.com

 

Beverly Hills Bancorp Inc. Announces Bank Charter Conversion

 

CALABASAS, CA - (BUSINESS WIRE) – September 1, 2005 – Beverly Hills Bancorp Inc. (NASDAQ-NNM:BHBC) announced today that the Company’s banking subsidiary, First Bank of Beverly Hills, F.S.B. (“the Bank”), has converted its charter to a state commercial bank effective September 1, 2005. The Bank’s name will remain First Bank of Beverly Hills with the exception of eliminating the Federal Savings Bank (“F.S.B.”) reference.

 

Beverly Hills Bancorp Inc. is a financial holding company that conducts banking operations through its wholly-owned subsidiary, First Bank of Beverly Hills, with branch offices located in Beverly Hills and Calabasas, CA, and mortgage investment operations through its investment subsidiary, WFC Inc.

 

For further information, please see our website (www.bhbc.com) for our 10-Q Report and related communications.

 

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