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| July 27, 2012 |
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BOB GRANT JOINS BOARD OF AMERICAN SECURITY BANK
American Security Bank – July 23, 2012 - At the July 23 meeting of the Board of directors of American Security Bank, Robert Grant was appointed as a director bringing the total number of directors to seven.
Dana R. Johnson, Chairman and CEO commented, “We are extremely pleased that Bob accepted our invitation to join the Bank’s board. He brings a wealth of experience to the Board that complements both the Bank’s business model and the expertise of our other directors.”
Mr. Grant is a CPA and sole practitioner in Orange County. He has worked as an IRS field agent; in the tax department of Arthur Young & Company; was the co-founder of Coleman & Grant CPAs, where he worked for 13 years; and was with Deloitte & Touche for 17 years, becoming an office managing partner in 1995. In June 2005 he started his own firm, Robert B. Grant, CPA.
In addition to his business credentials, Mr. Grant is extremely active in the non-profit sector of Orange County and has held board positions with 13 different organizations over a period of 10 years. His commitment to giving back to the communities in which one lives and does business closely mirrors American Security Bank’s community banking philosophy in each of its six locations. Grant will join board members representing the cities of Lancaster, Apple Valley and Newport Beach.
American Security Bank was founded in 1990 as Sun Country Bank. As of March 31, 2012 the Bank reported assets of $448 million. The Bank operates full-service banking offices in Newport Beach, Laguna Niguel, Apple Valley (Jess Ranch and Spirit River), Lancaster, and Corona giving them a footprint in four counties: Los Angeles, Orange, Riverside, and San Bernardino.
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| July 27, 2012 |
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PRESIDENTIAL SPOT FOR HELMUTH AT AMERICAN SECURITY BANK
Dana Johnson, Chairman and CEO of American Security Bank (ASB), has promoted Michael Helmuth to President, Chief Banking Officer. Helmuth previously served ASB as Executive Vice President, Chief Banking Officer. In his expanded role he will oversee retail production units of ASB and manage the Commercial Real Estate division. He will also support a strategic focus on client development, commercial and C & I lending, and the enhancement of existing customer relationships.
Helmuth commented, “American Security Bank is a prime example of how well-run community banks have aided local communities during the economic crisis with loans for small and large businesses in key industries and commercial real estate.”
Helmuth stated that the bank is in an excellent position, ready and willing to make loans, and he plans to expand commercial and industrial lending.
During his 30 year career, Helmuth has personally experienced almost every area of commercial banking. Prior to American Security Bank, Mike was Orange County Regional Manager for Citizens Business Bank. In this position Mike was in charge of eight branches, and was responsible for over $500 million in deposits and $350 million in loan commitments.
Helmuth is an active participant in community affairs, and his affiliations have included United Cerebral Palsy of Orange County, City of Orange Investment Advisory Committee, and Saint Joseph’s Hospital Advisory Board.
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| July 27, 2012 |
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DANA JOHNSON TAKES TOP POSITION AT AMERICAN SECURITY BANK
American Security Bank (ASB) has appointed Dana Johnson as Chairman and Chief Executive Officer. Johnson assumed his new role in June, 2012, and is headquartered at the Bank’s Newport Beach office.
Johnson’s background includes over 25 years experience working, investing and consulting with financial institutions. He became Chairman of American Security Bank’s Board in 2003 and has been closely involved with the Bank’s strategic direction in that capacity.
Prior to this appointment, Johnson also served as Chief Financial Officer for a multi-billion dollar privately-held financial institution, leading merger and acquisition transactions. At Deloitte and Touche he worked in the entrepreneurial division, focusing on financial institutions and assisting start-up companies through consulting services. He also served as Chairman of the Board of Redwood Empire Bancorp, based in Santa Rosa, California.
Johnson commented, “American Security Bank has been successful in navigating the current economic climate. Much of this success can be attributed to the clear direction of our existing management team. Joining the Bank as Chairman and CEO allows me to enhance my role as Chairman of the Board and assume a more hands-on role. My background will complement initiatives already in place and add the perspective of ownership as we develop new initiatives
Johnson’s appointment will permanently replace Tom Dobyns who stepped down in 2011 in order to relocate to Central California. Dave Blankenhorn, who was interim CEO during the process of choosing permanent leadership for the bank, will continue to serve on the board and remain with the organization in a consulting capacity.
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| July 12, 2012 |
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PHISHING SCAM - BEWARE!
Phishing Scam - Beware! Please be aware of a report of phishing emails from "billing@usateam.org", with the subject line "Your Olympic Team Tickets Order Has Been Completed!". If you receive this email do not click on the link and we recommend that you permanently delete the email. If you should have any questions, please contact our Online Banking Office at (800) 310-6089.
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| April 4, 2012 |
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ATTENTION ONLINE BANKING CUSTOMERS
Please be aware of a report of phishing emails from customer_service@cm.netteller.com with the subject line of NetTeller Watch Notice. If you receive this email do not click on the link and we recommend that you permanently delete the email. If you should have any questions, please contact our Online Banking Office at (800) 310-6089.
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| January 4, 2012 |
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A NEW LOOK FOR LAGUNA NIGUEL
Our Laguna Niguel Office of American Security Bank is getting a new and improved look. Our remodeling is scheduled to start on January 6, 2012 and finish on February 24, 2012. There will be no interuption in the services to our valued customers. If you should have any questions or concerns, please contact our office at (949) 249-0740
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| August 2, 2011 |
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ATTENTION BUSINESS OWNERS, COMMERCIAL REAL ESTATE LOANS.
Up to 90% financing available for the purchase or refinance of Owner-Occupied Commercial Properties. Rates as low as 4.00%*.
* SBA 504 loan. 1% loan fee. 25 year amortization. Other terms and conditions may apply. All loans are subject to due diligence, credit approval, underwriting and documentation. Rates are subject to change. Please contact you local office for more information.
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| July 6, 2011 |
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YOU NEED A FINANCIAL PARTNER YOU CAN COUNT ON!
We’re taking a different approach. When you need your bank the most, you may find that it has chosen not to renew existing credit lines or extend new credit; even to long-term customers. American Security Bank is financially strong and committed to the business communities we serve. In fact, we’ve expanded our business banking focus. Please contact you local office for more information.
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NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category. For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html
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Insured |
Equal Housing Lender |
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