First Choice Bancorp Announces Participation in Raymond James Virtual Emerging Bank Symposium

Rhea-AI Summary

First Choice Bancorp (NASDAQ: FCBP) announced its participation in the Raymond James Virtual Emerging Bank Symposium on December 1, 2020. The executive management team will engage in meetings with institutional investors during the event. As of September 30, 2020, First Choice Bancorp reported total consolidated assets of $2.26 billion and serves mainly commercial and consumer clients through nine branches and two loan offices across Southern California. The company emphasizes a diverse workforce, with over 71% of employees identifying as ethnic minorities and over 50% of senior management as female.

Positive

• Participation in Raymond James Virtual Emerging Bank Symposium to engage with institutional investors.
• Total consolidated assets of $2.26 billion as of September 30, 2020, indicating strong financial standing.
• Diversity within the workforce, with over 71% ethnic minorities and over 50% of senior management being female.

Negative

• None.

News Market Reaction – FCBP

-4.17%

1 alert

-4.17% News Effect

On the day this news was published, FCBP declined 4.17%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Cerritos, CA, Nov. 30, 2020 (GLOBE NEWSWIRE) -- First Choice Bancorp (NASDAQ: FCBP) (the "Company"), the holding company of First Choice Bank, today announced that members of its executive management team will participate in the Raymond James Virtual Emerging Bank Symposium on December 1, 2020. During the conference, the Company’s executive management team plans to hold a series of meetings with institutional investors.

About First Choice Bancorp

First Choice Bancorp, headquartered in Cerritos, California, is the sole shareholder of and the registered bank holding company for, First Choice Bank. As of September 30, 2020, First Choice Bancorp had total consolidated assets of $2.26 billion. First Choice Bank, also headquartered in Cerritos, California, is a community-based financial institution that serves primarily commercial and consumer clients in diverse communities and specializes in loans to small- to medium-sized businesses and private banking clients, commercial and industrial loans, and commercial real estate loans. First Choice Bank is a Preferred Small Business Administration (SBA) Lender. First Choice Bank conducts business through nine full-service branches and two loan production offices located in Los Angeles, Orange and San Diego Counties. Founded in 2005, First Choice Bank has quickly become a leading provider of financial services that enable our customers to grow, maintain strength, and achieve their business objectives. We strive to surpass our clients’ expectations through our efficiency, personalized services and financial solutions and professionalism and are committed to being “First in Speed, Service, and Solutions.” First Choice Bank is a strong believer in social justice and equality and is proud of its cultural- and gender-diverse workforce. As of September 30, 2020, more than 71% of the Company's total workforce identified as ethnic minorities and more than 66% of its workforce and more than 50% of its senior management identified as female. First Choice Bancorp stock is traded on the Nasdaq Capital Market under the ticker symbol “FCBP.”

First Choice Bank’s website is www.FirstChoiceBankCA.com.

Forward-Looking Statements

The statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management’s current expectations and beliefs concerning future developments and their potential effects on the Company including, without limitation, plans, strategies and goals, and statements about the Company’s expectations regarding revenue and asset growth, financial performance and profitability, loan and deposit growth, yields and returns, loan diversification and credit management, shareholder value creation and tax rates. There can be no assurance that future developments affecting the Company will be the same as those anticipated by management. Actual results may differ materially from those set forth in the forward-looking statements due to a variety of factors, including the risk factors described in documents filed by the Company with the Securities and Exchange Commission.

The Company does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements except as required by law. Any statements about future operating results, such as those concerning accretion and dilution to the Company's earnings or shareholders, are for illustrative purposes only, are not forecasts, and actual results may differ.

Contacts
First Choice Bancorp
Robert M. Franko, 562.345.9241
President & Chief Executive Officer
or
Khoi D. Dang, 562.263.8336
Executive Vice President & General Counsel

FAQ

What event is First Choice Bancorp participating in on December 1, 2020?

First Choice Bancorp is participating in the Raymond James Virtual Emerging Bank Symposium on December 1, 2020.

What are the total consolidated assets of First Choice Bancorp as of September 30, 2020?

First Choice Bancorp reported total consolidated assets of $2.26 billion as of September 30, 2020.

What is the stock symbol for First Choice Bancorp?

The stock symbol for First Choice Bancorp is FCBP.

How diverse is the workforce at First Choice Bancorp?

Over 71% of First Choice Bancorp's workforce identifies as ethnic minorities, and more than 50% of senior management is female.