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2 0 0 9 A N N U A L R E P O R T
FIRST CALIFORNIAFINANCIAL GROUP, INC.
P l a n n i n g f o r t h e r o a d a h e a d
P r e p a r i n g f o r o u r f u t u r e
We will provide prompt, professional and courteous service to our customers, delivered with uncompromising integrity.
We will provide a secure, motivated and professional environment for our employees.
We will deploy the capital entrusted to us to maximize shareholder value.
We will contribute to the growth and prosperity of our communities by being a responsible business leader.
First California Financial Group, Inc. is the holding company for First California Bank. Led by an experienced team of dedicated bankers, the Company is one of the strongest capitalized financial institutions in the region.
Founded in 1979, the Bank specializes in providing financial products to small and middle market businesses through 17 full-service branches located across Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura counties.
First California is headquartered in Westlake Village in the greater Los Angeles area.
OUR MISSION OUR PROFILE
THINK FIRST
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2009 represented the most difficult recessionary environmentin the 30-year history of First California. For the full year, we incurred a net loss of $4.7 million,or $0.50 per common share. This compares with net income of $6.4million, equal to $0.54 per dilutedcommon share in 2008.
challenging construction marketsby proactively reducing this portfolio by 35% over the courseof 2009. This reduction was morethan offset by the 1st CentennialBank transaction which added$100 million of top tier loans. At December 31, 2009, loans totaled$939.2 million, up 19% over the
We showed strength and stability nonethelessby cautiously maneuvering through the creditcycle. At the same time, we achieved importantaccomplishments that better position the company for an improving economic environment.
Our customers were understandably impactedby what has been coined “The Great Recession.”This is exemplified by the increase in the levelsof our delinquencies and nonperforming loans.Total loans delinquent 30 ‒ 90 days rose to$14.8 million as of year-end from $3.1 millionat December 31, 2008. Non-accruing loans increased to $40.0 million at the close of 2009from $8.5 million a year earlier.
Consequently, we aggressively addressed problem loans while building up our loan lossreserves to reflect the negative economic outlook. Net charge-offs to average loans increased to 89 basis points for 2009, but remained relatively low in comparison to peerbanks. At year end, our allowance for loanlosses equaled 1.76% of loans, up significantlyfrom 1.02% at year-end 2008.
We also reduced our exposure to the
prior year. Overall, we remain pleased with theperformance and composition of our portfolioand believe our results demonstrate manageable asset quality conditions.
The growth in our deposit base was a majorhighlight for 2009, increasing by more than$307 million to $1.12 billion as of year-end.We are very pleased with the stable base of$270 million in non-brokered deposits assumedin the FDIC-assisted 1st Centennial Bank transaction in January 2009, as we experiencedno material run-off from this portfolio in 2009.We also experienced strong organic growth innon-brokered deposits throughout our franchise of more than $120 million during theyear. At the same time, the quality of our deposits improved as we reduced brokered CDsto account for less than 3% of total deposits.Our core deposits represented 74% of total deposits at year-end, up from 62% as of December 31, 2008.
These positive trends and the re-pricing of interest-bearing funds to current market rateseffectively lowered our overall cost of depositsthroughout the year. With the continued shiftin the composition of our securities portfolio tolower-risk, shorter-term investments, we
P r e s i d e n t ’ s M e s s a g e To S h a r e h o l d e r s
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significantly enhanced our liquidity positionduring 2009. As a result, First California standswell poised today to increase interest-earningassets when the economy rebounds.
As of December 31, 2009, total assets grew 24%year-over-year to $1.46 billion. First Californiaremained well capitalized by all regulatory standards with total risk-based and tier-oneleverage capital ratios of 12.69% and 8.52% respectively, at December 31, 2009.
Moving forward into 2010, we have some notable keys that will deliver a brighter futurefor us. The core earnings power of First California has been significantly strengthenedas we have tightened the operational expensestructure. As previously reported, severalevents that occurred in early 2010 have had apositive impact on asset quality metrics, and wecontinue to find no evidence of widespread deterioration in our portfolios.
More recently, we successfully completed a public offering of 16.6 million shares of ourcommon stock, which provided $38.9 million ofadditional capital to the company. Consideringthe current economic climate, we felt it prudentto further strengthen our capital position. Thisboost in capital will also provide us the flexibility to selectively pursue strategic, opportunistic acquisitions.
2009 was a year in which the engines of everyfinancial institution and the collective experience of management teams were testedto the limits. First Californiaʼs test results havecome in with a strong vote of confidence from
C. G. KumPresident & Chief Executive Officer
Sincerely,
both our customers as well as the investmentcommunity.
On behalf of the Board of Directors, I thank eachand every member of the First California familyfor their dedication and continued commitmentto serve our customersʼ financial needs. I alsothank each and every customer for their continued loyalty and trust.
Finally, I want to thank our shareholders. Yourstrong support brought in additional capitalthat secures a better future for First California.I fully understand the responsibility and amcommitted to deploying the new capital wiselyto provide greater returns for your investment.
We believe Southern California represents a diversified geographic map of opportunities,and our mission is to be the Bank of choice forthe small to middle-market business entrepreneurs and professional enterprisesthroughout the region.
At First California, we have a stable and diversified core deposit base, strong liquidityand capital positions, and manageable assetquality. With a proven, experienced management team behind the wheel, we arecautiously optimistic that the worst of the creditcycle may be behind us, and we believe we arewell underway to increasing long-term shareholder value.
P l a n n i n g f o r t h e r o a d a h e a d
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Planning for the road ahead ensures that future success will be achieved, not only for our business, butalso for our customers, employees and shareholders.The planning cycle is paramount to understanding the financial needs of our customers and implementingthe appropriate products and services.
We must Think First. Think about what our customersneed. Think about better solutions. Think beyond thenext quarter. And most of all, think outside the box.
Throughout 2009, we maintained the safety, stabilityand security of First California during one of the worsteconomic crises in history. We met adversity head-on,took necessary steps to weather the storm and capitalized on opportunities, all in preparation for a better future.
Taking Action
The true test of a financial institution is how it navigates through the various economic cycles. First California celebrated its 30th anniversary in 2009, andwe believe that staying true to our vision ‒ in goodtimes and bad ‒ is what shaped our success in the pastand what will help us prosper for another 30 years andmore. To ensure the achievement of our objectives, we implemented a host of measures to strengthen our position as a regional force in Southern California banking.
We took a hard look at our operating expense structure, streamlining our workforce and closing onebranch to better align our operations with currentbusiness volumes. We proactively addressed potential weaknesses in our loan portfolio, significantly downsizing our construction portfolio. As the recessionary economy ultimately affected our customerʼs businesses, we aggressively dealt with problem credits and reported positive asset quality developments by year-end. We also maintained our status as a well-capitalized financial institution whilestrengthening our liquidity and balance sheet position.
In addition to these management measures, we alsostrengthened the foundation of First California by building our reserves for potential loan losses. We areconfident that these actions will enable us to emergefrom the economic downturn as an even stronger community bank.
Expanding Our OpportunitiesIn early 2009, we capitalized on an opportunistic expansion of our reach in Southern California, creating a stronger presence in the Inland Empire
region. While the 1st Centennial Bank transactionincreased First Californiaʼs geographic footprint, more importantly, it better positioned the Bank for futuregrowth. In spite of the challenges particular to this region of Southern California, we believe the transaction presented a compelling value and uniqueopportunity.
The integration of our two organizations was seamlessly completed right on schedule, and we arehaving great success in serving the financial needs ofour expanded base of customers. Moreover, we improved our bench strength with a deeper management team, giving us access to some of the regionʼs most experienced bankers.
The full potential of earnings power from this transaction has yet to be reached, however, we standpoised to capitalize on an improving economy and eventual rebound in Southern California.
Best-in-Class Team of BankersThe single most essential element of our business
P r e p a r i n g f o r o u r f u t u r e
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is our talented team of bankers. They are our front linepaving the way for retaining the loyalty of our customer base, as well as reaching out to potential new relationships. To retain and attract the best bankers,First California must have a clear roadmap to becoming a dominant Bank of choice for small business entrepreneurs operating in our targeted communities in Southern California.
At the beginning of 2010, First Californiaʼs position ofstrength allowed us to recruit talented teams of individuals who have been key players in the growth ofcommercial banking in Ventura County and the San Fernando Valley. The addition of these best-in-classbankers to our team significantly enhanced First Californiaʼs competitive edge in the commercial banking market in these geographic areas.
First-Class Financial Products and Services
Every customer is different, however, all of them agreethat they want access to the best financial productsand services. First California offers a comprehensive line of products that rivals the bigger banks, delivered
with the personalized service of a community bankthat has resulted in our growth to date.
Personalized service extends beyond face-to-face interaction. It means providing friendly staff and a convenient branch network, along with ATMs, phoneservices and online access that allows for safe, securebanking from anywhere in the world. Our businessclients have plenty to focus on ─ from cash flow, tostaffing, to credit ─ during an economic downturn.They need first-class tools and services that make theirbusinesses easier to manage.
We are committed to creating greater value for our customers ‒ whether that means investing in technology to support new age financial products ortraining to ensure our bankers are equipped to provide sound advice and service.
Supporting Our CommunitiesAt First California, we approach our communities as aneighbor, friend and partner. With this perspective, wefirmly believe in giving back to our communities andmaking corporate social responsibility a priority.
In 2009, we donated more than $100,000 to profoundly important organizations, including theBoys & Girls Clubs of America, American Cancer Society, United Way and the Ventura College Foundation.
We also continued our support for educational endeavors with our Teaching Kids to Save Program. Asbanking professionals, we understand the critical needfor teaching children the importance of saving. Manyof our employees generously give their time to support this cause and enlighten students across thesix counties we serve. Furthermore, First California has instituted environmentally sound operating principleswith recycling programs at all of its branches and offers incentives to customers who go paperless by opening our Green Accounts. We have also embracedthe activities that bring our communities to life, sponsoring events in 2009 like the American Cancer Societyʼs Relay For Life.
As a community bank, naturally, it is our duty to perform corporate social responsibility, and we will continue to undertake such activities for the betterment of our communities.
The track for every financial institution was tested in2009. First California emerged well tuned andequipped to pave the way to a brighter future for theBank, its customers, employees and shareholders.
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E x e c u t i v e M a n a g e m e n t
C. G. KUMPresident
Chief Executive Officer
ROMOLO C. SANTAROSAChief Financial Officer
EDMOND R. SAHAKIANRetail Banking Services Division Manager
DONALD W. MACAULAYBusiness Banking Division Manager
CHERYL L. KNIGHTChief Risk Officer
WILLIAM A. SCHACKChief Credit Officer
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O u r P e o p l e
Our professional and dedicated team of bankers has alwaysdriven First Californiaʼs competitive advantage. They fuel thesuccessful delivery of quality services and our customersʼ trust inFirst California to be their Bank of choice.
The road ahead for First California is, therefore, determined byhow well our people are equipped, empowered and encouragedto contribute to their fullest potential. To reach our intended destination, we continue to invest in ongoing training and development to enhance our peopleʼs knowledge base to be excellent bankers. We are also focused on building a cohesiveculture that engages the entire team to facilitate lasting improvement throughout our organization.
Attracting and retaining the best people, motivating them toexcel and ensuring that they progress in their professional careers are all fundamental to the sustainability of our businessand a part of our daily rituals.
When you think of excellence in banking ‒ Think First.
First Californiaʼs Keys to Success
O u r C o m m u n i t i e s
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Century City // 1880 Century Park East, Suite 110Los Angeles, CA 90067 // 310-282-6730
Century City // Entertainment Finance 1880 Century Park East, Suite 800Los Angeles, CA 90067 // 310-858-8000
Encino // 16661 Ventura Boulevard, Suite 110Encino, CA 91436 // 818-990-9797
Glendale // 505 North Brand Bouevard, Suite 110Glendale, CA 91203 // 818-244-2504
Irwindale // 15622 Arrow HighwayIrwindale, CA 91706 // 626-815-0875
Torrance // 2200 Sepulveda BoulevardTorrance, CA 90501 // 310-534-2400
Westlake Village // 32111 Agoura RoadWestlake Village, CA 91361 // 818-879-2600
Brea // 10 Pointe Drive, Suite 130Brea, CA 92821 // 714-990-8862
Irvine // 19752 MacArthur Boulevard, Suite 100Irvine, CA 92612 // 949-852-2500
Los Angeles County
Orange County
Southern California is the second most densely populated urban region in the United States and hometo the worldʼs busiest freeway system. Whether youare on the I-10, I-5, I-405, I-15 or U.S. Route 101, aFirst California office is just around the corner to service your banking needs.
Over the past 31 years, we have expanded ourroadmap to 17 full-service branch offices in six counties, including Los Angeles, Orange, Riverside, SanBernardino, San Diego and Ventura. With a recent expansion of our team, our banking expertisenow includes Santa Barbara, giving First California
presence in the seven most populous counties persquare mile of Southern California.
More importantly, our experienced team of bankerscollectively represents a wealth of knowledge anddeep familiarity with the business trends throughoutthe region ‒ whether it involves Southern Californiaʼsdiversified technology and industry base, or theworldʼs entertainment capital.
If you are in Southern California and need bankingservices ‒ Think First.
First Californiaʼs Roadmap to Success
O u r C o m m u n i t i e s
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Palm Desert // 78-000 Fred Waring Drive, Suite 100Palm Desert, CA 92211 // 760-674-9260
Temecula // 27645 Jefferson Drive, Suite 116Temecula, CA 92590 // 951-695-4916
Redlands // 218 East State StreetRedlands, CA 92373 // 909-798-3611
Escondido // 355 West Grand AvenueEscondido, CA 92025 // 760-745-9370
Camarillo // 1150 Paseo CamarilloCamarillo, CA 93010 // 805-484-0534
Oxnard // 300 Esplanade Drive, Suite 102Oxnard, CA 93036 // 805-485-6682
Simi Valley // 1685 Simi Town Center WaySimi Valley, CA 93065 // 805-426-0800
Thousand Oaks // 11-A East Hillcrest DriveThousand Oaks, CA 91360 // 805-557-0559
Ventura // 1794 South Victoria Avenue, Suite B Ventura, CA 93003 // 805-289-1683
Riverside County
San Bernardino County
San Diego County
Ventura County
Page Ten
F i n a n c i a l H i g h l i g h t s
FIRST CALIFORNIA FINANCIAL GROUP, INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS
Dollars in thousands
As of December 31,
2009 2008
ASSETS
LIABILITIES AND SHAREHOLDERSʼ EQUITY
Cash and due from banksInterest bearing deposits at other banksFederal funds soldSecurities available-for-sale, at fair valueLoans held-for-saleLoans, netPremises and equipment, netGoodwillOther intangibles, netOther assetsTotal assets
Noninterest checkingInterest checkingSavings and money marketCertificates of deposit
Total depositsSecurities sold under agreements to repurchaseFederal Home Loan Bank advancesJunior subordinated debenturesOther liabilities
Total liabilitiesPreferred stockCommon stockRetained earningsAccumulated other comprehensive loss
Total shareholdersʼ equityTotal liabilities and shareholdersʼ equity
$ 317,61082,806
339,750384,549
1,124,71545,00098,50026,753
7,6271,302,595
24,170133,692
5,309
157,226$ 1,459,821
$ 189,01122,577
198,606407,401817,595
45,000122,000
26,7017,826
1,019,12223,713
132,67111,559
158,923$ 1,178,045
$ 26,7574,027
15,710349,645
-922,741
20,28660,72011,58148,354
$ 1,459,821
$ 13,712-
35,415202,462
31,401780,373
20,69350,098
8,45235,439
$ 1,178,045
(5,945) (9,020)
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F i n a n c i a l H i g h l i g h t s
FIRST CALIFORNIA FINANCIAL GROUP, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS
Dollars in thousands, except per share data
For the Year Ended December 31,
2009 2008
Interest income:Interest and fees on loansInterest on securitiesInterest on federal funds sold and interest bearing accounts
Total interest incomeInterest expense:
Interest on depositsInterest on borrowingsInterest on junior subordinated debentures
Total interest expenseNet interest income before provision for loan lossesProvision for loan lossesNet interest income after provision for loan lossesNoninterest income:
Service charges on deposit accountsCommissions on brokered loansNet gain on sale of loansNet gain (loss) on sale of securitiesImpairment loss on securitiesNet gain on derivativesOther income
Total noninterest incomeNoninterest expense:
Salaries and employee benefitsPremises and equipmentData processingLegal, audit, and other professional servicesAdvertising and marketingInsurance and regulatory assessmentsLoss on and expense of foreclosed propertyAmortization of intangible assetsOther expenses
Total noninterest expenseIncome (loss) before provision for income taxesProvision (benefit) for income taxesNet income (loss)
Earnings (loss) per common share:BasicDiluted
$ 52,43912,086
41664,941
12,1315,9241,832
19,88745,05416,64628,408
4,23370
-6,469
-769
10,034
20,8646,5382,4032,7191,3443,3761,5631,6266,423
46,856
$ 51,52111,684
3063,235
13,3977,3011,755
22,45340,782
1,15039,632
2,756277175(22)
-1,0421,1535,381
18,5264,8131,3131,9621,3241,230
281,1904,719
35,1059,9083,542
$ 6,366
$ 0.56$ 0.54
(8,414)(3,753)
$ (4,661)
$ (0.50)$ (0.50)
(1,507)
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F i n a n c i a l H i g h l i g h t s
FIRST CALIFORNIA FINANCIAL GROUP, INC. AND SUBSIDIARIES(1)
CONSOLIDATED SELECTED FINANCIAL DATADollars in thousands, except per share data
$ 45,05416,64610,03446,856
$ 40,7821,1505,381
35,105$ 6,366
$ 40,2440
8,04737,045
$ 7,088
$ 23,348248
1,79215,028
$ 5,642
$ 20,783(84)
1,11814,376
$ 4,450
-2.91%-0.32%
93.03%3.53%4.25%0.89%1.76%
10.77%4.38%
12.69%12.17%
11.43%10.92%
8.52%8.08%
4.59%0.56%
73.45%4.08%1.08%0.12%1.02%
13.49%6.85%
16.62%12.27%
15.70%11.35%
12.77%9.26%
6.98%0.75%
63.18%4.64%0.84%0.07%1.05%
12.34%7.25%
13.35%11.98%
12.43%11.05%
10.42%9.24%
13.85%1.16%
60.37%5.14%0.00%0.01%1.30%8.39%7.98%
14.88%11.38%
13.63%10.44%
12.24%8.87%
12.15%1.10%
65.39%5.58%0.10%
-0.03%1.32%9.04%8.37%
13.72%11.62%
11.98%10.48%
10.74%8.88%
$ 1,459,821922,741
16,50572,301
1,124,71526,753
$ 157,226
$ 1,178,045780,373
8,04858,550
817,59526,701
$ 158,923
$ 1,108,842738,351
7,82859,858
761,08026,648
$ 136,867
$ 501,563365,718
4,7404,409
380,61415,464
$ 45,069
$ 448,460338,558
4,4684,632
363,20815,464
$ 38,163
$11.45$ 5.23
$ 0.56$ 0.54$ 11.80$ 6.69
$ 0.68$ 0.66$ 11.81$ 6.61
$ 1.02$ 0.94$ 8.12$ 7.32
$ 0.96$ 0.75$ 8.24$ 7.24
Net interest incomeProvision for loan losses
Noninterest incomeNoninterest expense
Net income (loss)
AssetsLoans
Allowance for loan lossesGoodwill and other intangibles
DepositsJunior subordinated debentures
Shareholdersʼ equity
Earnings (loss) per common share:Basic
DilutedBook value per common share
Tangible book value per common share
Return on average equityReturn on average assets
Efficiency ratio(2)
Net interest margin (tax equivalent)(3)
Nonaccrual loans to loansNet charge-offs to average loans
Allowance for loan losses to loansEquity to assets
Tangible common equity to tangible assetsTotal capital ratio (to risk weighted assets)
First California Financial Group, Inc.First California Bank(4)
Tier 1 capital ratio (to risk weighted assets)
First California Financial Group, Inc.First California Bank(4)
Tier 1 leverage ratio (to average assets)
First California Financial Group, Inc.First California Bank(4)
RESULTS OF OPERATIONS
FINANCIAL POSITION
PER SHARE DATA
SELECTED RATIOS
As of or for the Years Ended December 31,
2009 2008 2007 2006 2005
(1) First California Financial Group, Inc. was formed as a wholly-owned subsidiary of National Mercantile Bancorp, or National Mercantile, to facilitate the reincorporation merger with FCB Bancorp. Accordingly, the historical balance sheet and results of operations before the March 2007 merger are the same historical information of National Mercantile.
(2) Computed by dividing noninterest expense, excluding amortization of intangible assets, by net interest income and noninterest incomeminus provision for loan losses, excluding gain (loss) on sale of securities.
(3) Computed by dividing net interest income by average interest earning assets.(4) Minimum requirement to be considered well-capitalized under current regulatory guidelines: Total capital ratio - 10% //
Tier 1 capital ratio - 6% // Tier 1 leverage ratio - 5%.
$ (4,661)
$ (0.50)$ (0.50)
C o r p o r a t e I n f o r m a t i o n
B O A R D O F D I R E C T O R SRobert E. Gipson, ChairmanJohn W. Birchfield, Vice ChairmanRichard D. AldridgeDonald E. BensonJoseph N. CohenAntoinette T. Hubenette, M.D.C. G. KumSyble R. RobertsSung Won Sohn, Ph.DThomas Tignino
O F F I C E R SC. G. KumPresident & Chief Executive Officer
Romolo C. SantarosaChief Financial Officer / Assistant Corporate SecretaryJoseph N. CohenCorporate Secretary
B O A R D O F D I R E C T O R SJohn W. Birchfield, ChairmanRobert E. Gipson, Vice ChairmanRichard D. AldridgeDonald E. BensonJoseph N. CohenPhilip C. Diorio, M.D.Antoinette T. Hubenette, M.D.C. G. KumSyble R. RobertsSung Won Sohn, Ph.DThomas Tignino
E X E C U T I V E M A N A G E M E N TC. G. KumPresident & Chief Executive Officer
Romolo C. SantarosaChief Financial Officer
Cheryl L. KnightChief Risk Officer
Donald W. MacaulayBusiness Banking Division Manager
Edmond R. SahakianRetail Banking Services Division Manager
William A. SchackChief Credit Officer
FIRST CALIFORNIAFINANCIAL GROUP, INC.
FIRST CALIFORNIA BANK
IN V E S T O R R E L A T I O N SPondelWilkinson, Inc.Angie Yang
310.279.5967
S E C U R I T I E S L I S T I N GFirst California Financial Group, Inc.̓ s common stock istraded on the NASDAQ Global Select Market under thesymbol FCAL(NASDAQ GSM:FCAL).
S T O C K T R A N S F E R A G E N T & R E G I S T R A RRegistrar & Transfer Company
800.456.0596
A N N U A L R E P O R T O N F O R M 1 0 - KThe Companyʼs 2009 Annual Report on Form 10-K is available athttp://www..sec.gov. The Company will also provide a copy of the2009 Annual Report on Form 10-K (without exhibits) upon written request addressed to:
Romolo C. SantarosaFirst California Financial Group, Inc.3027 Townsgate Road, Suite 300 / Westlake Village, CA 91361
10 Commerce Drive / Cranford, NJ 070161880 Century Park East, Suite 350 / Los Angeles, CA 90067
FORWARD-LOOKING STATEMENTS This Annual Report contains certain forward-looking information about First California that is intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Such statements often include words or phrases such as “believes,” “assumes,” “expects,” “anticipates,” “plans,” “trend,” “objective,” “continue,” “remain,” “pattern” or similar expression, or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,”“may” or similar expressions. Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of First California. First Californiacautions that a number of important factors could cause actual results to differ materially from those expressed in, or implied or projected by, such forward-looking statements. Risks and uncertainties include, but are not limited to, the impact of the current national and regional economy on small business loan demand in Southern California, loan delinquency rates, the ability of FirstCalifornia and First California Bank to retain customers, interest rate fluctuations and the impact of margins, demographic changes, demand for the products and services of First California and FirstCalifornia Bank, as well as their ability to attract and retain qualified people, and competition with other banks and financial institutions. If any of these risks or uncertainties materialize or if any ofthe assumptions underlying such forward-looking statements prove to be incorrect, First Californiaʼs results could differ materially from those expressed in, or implied or projected by, such forward-looking statements. First California assumes no obligation to update such forward-looking statements, except as required by law. For a more complete discussion of risks and uncertainties, investorsand security holders are urged to read the section titled “Risk Factors” in First Californiaʼs Annual Report on Form 10-K and any other reports filed by it with the Securities and Exchange Commission.
FIRST CALIFORNIAFINANCIAL GROUP, INC. FIRST CALIFORNIA BANK
3027 Townsgate Road, Suite 300Westlake Village, California 91361805.322.9655www.fcalgroup.com
3027 Townsgate Road, Suite 300Westlake Village, California 91361805.379.8800www.fcbank.com
L I S T ED
F C A L Member
FDIC