Affinity Bank
FOR IMMEDIATE RELEASE
January 11, 2001

Affinity Bank Expanding Operations

Ventura, CA - Affinity Bank, one of the fastest growing and most competitive Commercial Real Estate Lending institutions in the nation is expanding again.

"We’re growing rapidly," said Michael R. McGuire, the Bank’s President and CEO. "We just acquired the Irvine, California branch of First Plus Bank (previously Citizen’s Thrift and Loan) at 14252 Culver Drive. We’re also opening a new loan production office in Portland, Oregon. We continue to expand into strong markets.

The bank has added 26 new positions in the past year. Some of the new hires replaced previous employees. But many of the hires are for positions we’ve added to manage our rapidly growing business, develop new products, and take our customers’ deposit and lending services to higher levels."

Affinity Bank, with assets of more than $360 million, will grow to approximately $440 million with the acquisition of the First Plus office. That will give the bank three retail branches (Ventura, San Francisco, and Irvine, California) and five loan production offices (Ventura, San Francisco and Irvine, California, Denver, Colorado, and Portland, Oregon) thus far. The Bank specializes in a variety of deposit products, as well as lending programs for apartment, retail and office building, light industrial and warehouse, and construction loans. For more information, phone 1-800-489-1562 between 6 A.M. and 6 P.M. Monday through Friday (PST).

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