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Premier Service Bank Names Jessica W. Lee as Executive Vice President and Chief Financial Officer

Kerry L. Pendergast, President and CEO of Premier Service Bank PSBK, a California state-chartered bank headquartered in Riverside, California, announced today that Jessica W. Lee has been appointed Executive Vice President and Chief Financial Officer. Ms. Lee will supervise all aspects of the bank's accounting, financial and regulatory reporting, along with the bank's investment portfolio.

"Ms. Lee's background, experience and focus are extremely complimentary to the operating philosophy of Premier Service Bank," said President and CEO Kerry L. Pendergast. "We are extremely fortunate to have someone of Jessica's caliber join our executive management team and we look forward to Jessica being an active contributor to the long-term success of the bank."

Prior to her appointment with Premier Service Bank, Ms. Lee was the Executive Vice President and Chief Financial Officer for Guaranty Bank of California. Prior to Guaranty Bank of California, Ms. Lee spent six years with Trust Bank, as the bank's Senior Vice President and Director of Operations.

Premier Service Bank is a full service bank with offices in Riverside and Corona and is well positioned to meet the varying needs of today's business clients, in an environment where service and a focus on the client always come first!

Forward-looking Statements

This news release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about Premier Service Bank's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and in the following: Premier Service Bank's ability to continue to increase its assets, deposits and total loans, control expenses, retain critical personnel, manage interest rate risk, manage technological changes, address regulatory requirements, and other risks discussed from time to time in Premier Service Bank's filings and reports with the Federal Deposit Insurance Corporation. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made, and Premier Service Bank does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Contact Information: Premier Service Bank Kerry L. Pendergast, President and CEO, 951-274-2400

Copyright 2007 BusinessWire

 


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