619-231-0996, ext. 323
Bank Hires Jonathan Sigal as Senior Vice President of Wholesale Lending
SAN DIEGO – January 10, 2006 – Security Business Bank (OTC BB: SBBK.OB) announced
today it has opened a new office in Irvine, California. Headed by Security Business Bank’s new
Senior Vice President of Wholesale Lending, Jonathan Sigal, the office will focus on originating
wholesale commercial real estate loans nationwide.
“Security Business Bank has a great track record of success for its clients and shareholders and I
am pleased to be joining the team,” said Jonathan Sigal. “I’m excited about the challenges ahead
and look forward to working with our talented local team in growing our nationwide commercial
Sigal brings over 16 years of experience in commercial finance, corporate finance and insurance
to Security Business Bank. He has worked in senior management positions at banks throughout
Southern California, including Commerce West Bank, Pacific Mercantile Bank, Southern Pacific
Bank and Deutsche Bank. With a background weighted heavily toward commercial real estate
finance, commercial loan underwriting and credit analysis, Sigal will manage the office and
oversee all aspects of the loan production process.
“Security Business Bank has always strived to provide our customers with exceptional service
that is both high-tech and personal. Our business model has been very successful for us and has
contributed to our strong growth over the past few years,” said Security Business Bank President
and CEO Paul Rodeno. “The new office in Irvine will allow us to expand our commercial real
estate loan expertise while generating additional fee income for the bank and our shareholders.”
The new office is located at 18301 Von Karman Avenue, Suite 455, Irvine, CA 92612. Bank
staff can be contacted at 949-296-3100. A grand opening event is planned for the new regional
office in early 2006.
Founded by a