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First California Financial Group Announces Passing of Chief Credit Officer
WESTLAKE VILLAGE, CA -- (Marketwire) -- 11/19/08 -- First California Financial Group, Inc.(NASDAQ: FCAL) today announced that Walter Duchanin, executive vicepresident and chief credit officer of its subsidiary, First CaliforniaBank, died unexpectedly Tuesday. President and Chief Executive Officer C.G. Kum will assume Duchanin's responsibilities on an interim basis until areplacement is named.
"Our entire company is deeply saddened by Walter's untimely passing," saidKum. "We have lost a respected business partner as well as a wonderfulfriend. Those who knew Walter will remember his commitment to the successof First California. I join the entire company in extending our prayers anddeepest condolences to Walter's family."
Duchanin joined First California Bank in November 2007, bringing more thantwo decades of experience as a senior-level credit administrator. He beganhis banking career in 1978 with Bank of America, where Duchaninsubsequently assumed positions of increasing responsibilities in lendingand credit administration. Prior to joining First California, he served asexecutive vice president and chief credit officer of Preferred Bank(NASDAQ: PFBC), headquartered in Los Angeles. Duchanin graduated from theUniversity of Southern California in 1976 with a degree in finance.
Duchanin is survived by his wife, Gayle, two daughters, April and Jessicaand son, Eric. He was 55 years old.
About First California Financial Group, Inc.
First California Financial Group, Inc. (NASDAQ: FCAL) is an emerging forcein Southern California banking. With assets exceeding $1 billion, thecompany operates throughout Southern California, primarily under the FirstCalifornia Bank brand. The bank's focus is the commercial market,particularly small- and middle-sized businesses, professional firms andcommercial real estate, development and construction companies. With acommitment to provide the best client service available in its markets, thebank offers a full line of quality commercial banking products throughtwelve full-service branch offices and one loan production office. Theholding company's website can be accessed at www.fcalgroup.com. Foradditional information on First California Bank's products and services,visit www.fcbank.com.
For further Information:At the Company:Ron Santarosa805-322-9333At PondelWilkinson:Angie Yang310-279-5980Corporate Headquarters Address:3027 Townsgate Road, Suite 300Westlake Village, CA 91361
Duchanin joined First California Bank in November 2007, bringing more thantwo decades of experience as a senior-level credit administrator. He beganhis banking career in 1978 with Bank of America, where Duchaninsubsequently assumed positions of increasing responsibilities in lendingand credit administration. Prior to joining First California, he served asexecutive vice president and chief credit officer of Preferred Bank(NASDAQ: PFBC), headquartered in Los Angeles. Duchanin graduated from theUniversity of Southern California in 1976 with a degree in finance.
Duchanin is survived by his wife, Gayle, two daughters, April and Jessicaand son, Eric. He was 55 years old.
About First California Financial Group, Inc.
First California Financial Group, Inc. (NASDAQ: FCAL) is an emerging forcein Southern California banking. With assets exceeding $1 billion, thecompany operates throughout Southern California, primarily under the FirstCalifornia Bank brand. The bank's focus is the commercial market,particularly small- and middle-sized businesses, professional firms andcommercial real estate, development and construction companies. With acommitment to provide the best client service available in its markets, thebank offers a full line of quality commercial banking products throughtwelve full-service branch offices and one loan production office. Theholding company's website can be accessed at www.fcalgroup.com. Foradditional information on First California Bank's products and services,visit www.fcbank.com.
For further Information:At the Company:Ron Santarosa805-322-9333At PondelWilkinson:Angie Yang310-279-5980Corporate Headquarters Address:3027 Townsgate Road, Suite 300Westlake Village, CA 91361
For more information, go to www.marketwire.com
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