First Choice Bank

2018 Summer Newsletter

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S U M M E R 2 018 Volume X Issue 3 First in Speed | Service | Solutions In This Issue: Page 2: Customer Spotlight: UTC Ice Community Events Page 3: Nasdaq Closing Bell Ceremony Financial Highlights Page 4: Annual Shareholders' Meeting Dear Valued Shareholders, Customers and Staff: We'd like to welcome all of the Pacific Commerce customers, employees and shareholders to the First Choice family! On July 31, 2018, the merger of First Choice Bank and Bancorp with Pacific Commerce Bank and Bancorp was successfully completed. is transaction will make First Choice the premier community bank in Southern California and beyond, with an expanded presence in Los Angeles and San Diego counties, from Pasadena all the way to the Mexican border. As well, the joining of our two institutions enables us to offer an abundance of exceptional products and services, particularly our enhanced online and Treasury Management systems, to every client, allowing for a more robust customer experience overall. Full details about the transaction can be found at In addition to gaining new customers, employees and shareholders, we are also pleased to announce four new members of the First Choice Board of Directors – Maria Salinas, Max Freifeld, Tom Iino and Luis Maizel. Each individual brings a unique set of experiences and a wealth of knowledge that will benefit First Choice going forward, and we're excited to welcome them aboard. As part of the merger, the Bank is processing a core conversion, scheduled to take place the weekend of September 21-23, 2018, to combine the back-office systems of both banks into one. Notification regarding upcoming account changes and timing has already been sent to all affected customers, with additional updates forthcoming. We are excited to complete the system conversion so that all customers, both legacy First Choice customers and new Pacific Commerce customers, will have access to an even wider branch network and first- class lending and deposit product lines. First Choice common stock (ticker symbol "FCBP") began trading on the Nasdaq Capital Market on May 1 of this year. Becoming a Nasdaq-listed stock is an incredible milestone for our "little community bank," which started in 2005 with just 16 employees and less than $30 million in assets. We were also recently invited to participate in the Closing Bell Ceremony at the Nasdaq MarketSite in Times Square, New York, another exciting opportunity for our Bank! Pictures from the ceremony can be found inside. In addition to being traded on Nasdaq, FCBP was added to both the Russell 3000® and the Russell 2000® Indexes after market close on June 22, 2018. We are happy and honored to have earned this distinction, with inclusion in these market benchmarks expected to raise our profile with institutional investors, as well as support trading of our shares. In financial news, we are pleased to report strong earnings for the first half of the year. As of June 30, 2018, First Choice had earned $5.8 million in net income year-to-date. As well, the Board of Directors just approved the third quarterly cash dividend of 2018, $0.20 per share, to be paid to shareholders on September 10. Additional performance details are included inside. is quarter, our Customer Spotlight is on UTC Ice Sports Center. ey are longtime clients, joining us from Pacific Commerce. We're excited to welcome them to the First Choice family. We are proud of our team's participation in community events during the second quarter, including the Blind Children's Learning Center Annual 5K Walk, the 2018 SIMNSA Golf Tournament, LA Saves and the FCB Scholarship Program. More information and pictures from the events can be found within. Our 8th Annual Charity Golf Tournament is almost here! It will be taking place on ursday, October 25, and we need your help to make it the biggest event yet. Full details are inside. Our 2018 Annual Shareholders' Meeting took place on June 19, with a good time had by all in attendance. Some pictures from the evening are included in this issue. If you missed this year's meeting, we encourage you to join in next year. We thank each and every one of you for your continued trust in us and support of our efforts to bring the Bank to the level of success we know it can achieve. Even with all of the changes going on, we remain steadfastly committed to helping our communities, our customers, our employees and our shareholders to develop their own success stories. ank you again for everything! Respectfully, Peter Hui Robert M. Franko Chairman of the Board President/Chief Executive Officer Peter Hui Chairman Robert M. Franko President/CEO

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