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| July 21, 2010 |
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RICHARD SAULSBURY JOINS AMERICAN SECURITY BANK
HEADS NEWPORT BEACH OFFICE
NEWPORT BEACH, CA — July 21, 2010. Tom L. Dobyns, President/CEO of American Security Bank, announced today that Richard “Rick” Saulsbury has joined the Bank’s management team. Mr. Saulsbury has accepted the position of Senior Vice President and Manager of the Bank’s headquarters office in Newport Beach.
Rick is a seasoned business banker whose career spans 31 years and has included positions of increasing responsibility with financial institutions including: Citizens Business Bank, Pacific Mercantile Bank, Comerica Bank and First Interstate Bank. He has developed and led many successful commercial lending teams providing financing to middle market businesses in Orange County.
Commenting on Mr. Saulsbury’s appointment, Tom L. Dobyns CEO said, “Rick is an experienced banking professional possessing a strong commercial lending background, with a history of building and leading successful teams. As a local resident, Rick also has a personal investment in Newport Beach and its surrounding communities. We are confident that this combination will greatly benefit the Bank and the local business community, and feel extremely fortunate to have Rick as part of the American Security Bank team.”
American Security Bank has assets totaling $431 million (as of March 31, 2010.) It operates full-service banking offices in Newport Beach, Laguna Niguel, Apple Valley (Jess Ranch and Spirit River), Lancaster, Victorville and Corona. Two loan production offices serve Orange County and the city of Palmdale; giving the Bank a footprint in four counties: Los Angeles, Orange, Riverside, and San Bernardino.
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| October 23, 2009 |
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MICHAEL HELMUTH JOINS AMERICAN SECURITY BANK
HEADS BUSINESS BANKING DIVISION
NEWPORT BEACH, CA — October 20, 2009. Tom L. Dobyns, President/CEO of American Security Bank announced today that Michael Helmuth has joined the Bank’s executive team. Mr. Helmuth has accepted the position of Executive Vice President and will lead the Bank’s newly formed Business Banking Division, located in the headquarters’ office in Newport Beach.
Helmuth comes to American Security Bank from Citizen’s Business Bank where he has spent the last 16 years of his banking tenure. He most recently held the position of Senior Vice President, Orange County Regional Manager. Mr. Helmuth’s banking career also includes Community Bank, Pasadena and City National Bank in Los Angeles where he held positions of increasing responsibility in commercial lending.
Commenting on Mr. Helmuth’s appointment, Tom L. Dobyns CEO said, “Since joining the Bank in February I have maintained a strong focus on establishing a Business Banking division that would increase the Bank’s portfolio of businesses and professional services firms and their associated banking and credit needs. A key factor in that plan was identifying an individual with the right combination of credit expertise and leadership skills to head the unit. I am extremely confident that Mike Helmuth is that person.”
“I am excited about being a part of such a dynamic and well-respected organization,” stated Mr. Helmuth. He continued by adding, “I look forward to helping develop a program and a team that will represent significant long-term value to the Bank.”
American Security Bank has assets totaling $404 million (as of June, 30, 2009.) It operates full-service banking offices in Newport Beach, Laguna Niguel, Apple Valley (Jess Ranch and Spirit River), Lancaster, Victorville and Corona. Two loan production offices serve Orange County and the city of Palmdale; giving the Bank a footprint in four counties: Los Angeles, Orange, Riverside, and San Bernardino.
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| September 17, 2009 |
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DOBYNS ASSUMES CHIEF EXECUTIVE OFFICER ROLE AT AMERICAN SECURITY BANK
NEWPORT BEACH, CA — September 17, 2009. David T. Blankenhorn, Chairman of the Board of American Security Bank announced today that Tom L. Dobyns, who has held the position of President and Chief Operating officer since February of this year will be appointed Chief Executive Officer of the Bank, effective September 1, 2009. The Board ratified Dobyns’ appointment at its August 18 meeting. Blankenhorn, who has held the title of Chairman/CEO will retire as Chief Executive Officer but remain on the Bank’s Board as Chairman.
Dobyns’ financial career dates back to the early 1970’s and includes a well-rounded mix of experience in all aspects of banking, from large multi-national and regional banks to local community banks. He has experience in retail, small business, SBA, commercial/industrial real estate, commercial middle market, large corporate, Fortune 500 and International banking. Most recently Mr. Dobyns was President and Founder of Enthusiology, a Managerial and Leadership consulting firm specializing in providing Strategic Planning, Coaching, and Sales Management.
“It has always been the intent of the Board that Tom assume the role of President/CEO. We’ve been working on a transition plan and it has become clear in these past months that his expertise has been a great asset to the operation. The Bank will do well under his leadership,” stated Blankenhorn.
Commenting on his appointment, Dobyns said, “The past seven months as President and Chief Operating Officer have allowed me to focus my attention on some critical areas in the bank. I’ve worked very strategically with Mr. Blankenhorn, the Board, and ownership to set a course that will allow us to flourish in the coming years. Despite the challenges of the economy, I have great confidence in the business plan and in the talent of those here who will execute on it.”
American Security Bank has assets totaling $404 million (as of June, 30, 2009.) It operates full-service banking offices in Newport Beach, Laguna Niguel, Apple Valley (Jess Ranch and Spirit River), Lancaster, Victorville and Corona. A Loan Production office serves the city of Palmdale; giving the Bank a footprint in four counties: Los Angeles, Orange, Riverside, and San Bernardino.
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| August 20, 2009 |
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AMERICAN SECURITY BANK MANAGER HEADS ROTARY GROUP STUDY EXCHANGE TO TURKEY
Apple Valley, CA , August 20, 2009 - Tom L. Dobyns, President/COO of American Security Bank announces that Douglas Fowler, Senior Vice President and Manager of American Security Bank’s Apple Valley, Spirit River office led a small team of business professionals to Turkey as part of a Rotary Group Study Exchange (GSE) program in May this year. The Rotary GSE is an international educational program that fosters the sharing of business best-practices world wide. Each year 4 -6 non-Rotarian team members, led by a Rotarian team leader that is nominated and chosen by election in each Rotary District, visit a designated country and partner with a Rotary District in one of the country’s local cities to share vocations, cultures, beliefs, life-styles, and personal goals.
This years GSE team was comprised of Mr. Fowler and 4 professionals, including a college counselor, a hospital training coordinator, a city economic deputy director and a police officer. These individuals come from East Los Angeles to Las Vegas, Nevada. The 5 week trip started and ended in Istanbul and covered 7 other cities. When asked what was most significant for him about his role as leader of the GSE team he replied without hesitation, “I was given the honor of representing the Apple Valley Rotary in the presentation of a portable X-ray machine for the Children’s Hospital of the School of Medicine in Ankara, Turkey. The Apple Valley Rotary Club partnered with the Rotary Club of Ankara-Gaziosmanpasa and various other organizations within the International Rotary Club to apply for, and receive, the grant that purchased the equipment. The experience of being a part of such a worthy event was unbelievable and something I will never forget and I am grateful to American Security Bank for their support of my time away from my position to participate in this once-in-a-lifetime cultural event.”
American Security Bank is headquartered in Newport Beach, CA. and has assets totaling $404 million (as of June 30, 2009) It operates full-service banking offices in Newport Beach, Laguna Niguel, Apple Valley, Lancaster, Victorville and Corona. Loan Production offices serve the cities of Newport Beach and Palmdale; giving the Bank a footprint in four counties; Los Angeles, Orange, Riverside and San Bernardino.
Member FDIC
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| February 11, 2009 |
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AMERICAN SECURITY BANK NAMES TOM DOBYNS, NEW PRESIDENT AND CHIEF OPERATING OFFICER
NEWPORT BEACH, CA — February 10, 2009. David T. Blankenhorn, CEO has announced the appointment of Tom L. Dobyns as President and Chief Operating officer of American Security Bank, effective February 3, 2009. Blankenhorn who continues as CEO will also assume the role of Chairman of the Board. At an appropriate point in time, as yet undetermined, Mr. Dobyns will become CEO as Mr. Blankenhorn moves forward with retirement plans.
Dobyns’ financial career dates back to the early 1970’s and includes a well-rounded mix of experience in all aspects of banking, from large multi-national and regional banks to local community banks. He has experience in retail, small business, SBA, commercial/industrial real estate, commercial middle market, large corporate, Fortune 500 and International banking. Most recently Mr. Dobyns was President and Founder of Enthusiology, a Managerial and Leadership consulting firm specializing in providing Strategic Planning, Executive Coaching, Management Offsites and Sales training to banks and credit unions throughout California.
"We are very pleased that Tom Dobyns has joined American Security Bank as its president and chief operating officer," said David Blankenhorn. "Tom is a seasoned and versatile leader, bringing with him a wealth of experience in banking, finance and management development. All of his background will serve him well as he leads the Bank forward and helps shape important decisions relating to our continued success in a flagging economy.”
Commenting on his selection Dobyns said, “I have been familiar with the business plan and the growth of American Security Bank for some time. The combination of its financial strength and its strong focus on community banking made it a very attractive choice for me. I look forward to building upon the strong foundation already in place and to expanding our reach. It’s my strong belief that we have the resources and the banking team to move the bank forward into 2009 and beyond.”
American Security Bank has assets totaling $456 million (as of December 31, 2008.) It operates full-service banking offices in Newport Beach, Laguna Niguel, Apple Valley (Jess Ranch and Spirit River), Lancaster, Victorville and Corona. A Loan Production office serves the city of Palmdale; giving the Bank a footprint in four counties: Los Angeles, Orange, Riverside, and San Bernardino.
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| December 19, 2008 |
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AMERICAN SECURITY BANK COMPLETES NEW FACILITY IN
JESS RANCH – HOSTS RIBBON CUTTING TO OPEN
Apple Valley, Calif. – December 11, 2008 – American Security Bank- David T. Blankenhorn, President/CEO of American Security Bank, announced that the Bank has relocated its full-service banking office, previously housed at 19181Town Center Drive, Apple Valley, into a newly completed banking facility constructed on land owned by the bank, adjacent to the original office. The address of the new office is 19197 Town Center Drive. The project was built to meet the expanding financial needs of Apple Valley and its surrounding communities.
On Thursday, December 11th, customers, friends of the bank and local dignitaries attended a grand opening and ribbon cutting celebration to formally open the new facility. Sue Thomas, Senior Vice President and Manager of the banking office was joined for the ribbon cutting by one of the Bank’s original Director’s and local real estate professional, Patricia Nickell, and the Bank’s Chief Executive Officer, David T. Blankenhorn.
The Apple Valley-Jess Ranch office was the flagship office for Sun Country Bank, now known as American Security Bank. Today the bank has seven full-service offices in four counties, three located in the High Desert. American Security Bank provides a full complement of business and personal banking services, referring to themselves as the “Right-Sized” bank - large enough to handle even your most aggressive business plan, and personal enough to make the process simple.
American Security Bank has assets totaling $456 million (as of September 30, 2008.) It operates full-service banking offices in Newport Beach, Laguna Niguel, Apple Valley (Jess Ranch and Spirit River), Lancaster, Victorville and Corona. Loan Production offices serve the cities of Newport Beach and Palmdale; giving the Bank a footprint in four counties: Los Angeles, Orange, Riverside, and San Bernardino.
Member FDIC
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| July 3, 2008 |
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AMERICAN SECURITY BANK OPENS NEWPORT BEACH BRANCH
Santa Ana, Calif. – July 3, 2008 – American Security Bank- David T. Blankenhorn, President/CEO of American Security Bank, announced that the Bank will relocate its full-service banking office and Administrative offices, currently housed at 1 MacArthur Place, Santa Ana, and its Commercial Real Estate Division, located at 1451 Quail Street, Newport Beach, to a new 10,000 square foot commercial office building located at 1401 Dove Street, Newport Beach, in the heart of the financial district. The move to the new location, under consideration since early 2007, will more effectively position the organization to conveniently serve business owners in the Newport Beach, Irvine, and Costa Mesa markets.
Shirley Wentzel, Senior Regional Vice President, and her Relationship Banking team, Lisa Gorelick, Sylvia Ucciferro and Robin Schmidt-Brown, will personally assist business clients from a state-of-the-art facility featuring ATM access, ample parking, and comfortable, sit-down teller stations. The Relationship Banking team, led by Ms. Wentzel, is strongly established in the Newport Beach market, having served the Newport Beach community for more than sixteen years before joining American Security Bank in June 2005.
“The Bank’s search for the right location, one large enough to consolidate three of our largest divisions, with good visibility and portraying an image that represents the strength and character of our franchise, has had extremely productive results. Not only does Shirley Wentzel and her talented Relationship Banking team have a history in the financial corridor, but our Executive Vice President, Manager of Commercial Real Estate, Jim Roberson, and I have both worked in this particular geographic area in the past with very successful results,” states David T. Blankenhorn, President and CEO.
American Security Bank provides a full complement of business and personal banking services, referring to themselves as the “Right-Sized” bank - large enough to handle even your most aggressive business plan, and personal enough to make the process simple.
The new location of American Security Bank will be open for business on July 7th. The first 50 business owners to establish relationships with the bank in the new office will receive a $100 Visa Gift Card to thank them for supporting the Bank in its new location, as well as becoming Charter Account Holders and enjoying deeply discounted checking and cash management services.
American Security Bank’s headquarters office is now located in Newport Beach, CA. The Bank has assets totaling $464 million (as of June 30, 2008.) It operates full-service banking offices in Newport Beach, Laguna Niguel, Apple Valley (Spirit River and Jess Ranch), Lancaster, Victorville and Corona. Loan Production offices serve the cities of Covina, Newport Beach and Palmdale; giving the Bank a footprint in four counties: Los Angeles, Orange, Riverside, and San Bernardino.
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| April 29, 2008 |
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AMERICAN SECURITY BANK
OPENS SECOND BANKING OFFICE IN APPLE VALLEY
Santa Ana, Calif. – April 29, 2007 – American Security Bank- David T. Blankenhorn, President/CEO of American Security Bank, announced that the Bank’s full-service banking office located at 16020 Apple Valley Road, Suite B-1, in the Spirit River Business Complex, opened for business on Monday,
April 28, 2008. The branch is the second location of American Security Bank to open in Apple Valley. The first office, the original headquarters office of the Bank, is located at 19181 Town Center Drive in Apple Valley. The Bank also has an office in Victorville and will now serve the Victor Valley community from three convenient locations.
Douglas Fowler, Senior Vice President, will manage the Spirit River location. Fowler is a well established business banking professional who has served the financial needs of the Victor Valley community for nearly two decades. He has been with the Bank since May, 2006 and operated out of the Victorville office while a new location was identified.
“Apple Valley is growing and the business growth on the north end of town suggested an expanded need for the types of services American Security Bank provides. Doug Fowler has a strong connection to the community and is looking forward to continuing the Bank’s commitment to the Victor Valley in this new office,” stated David Blankenhorn, CEO.
American Security Bank provides a full complement of business and personal banking services. The bank is positioned as the “Hometown” bank you’d find on any Main Street in any town in the U.S., the one managed by your neighbors and friends. They refer to themselves as the “Right-sized” bank - large enough to handle even your most aggressive business plan, and personal enough to make the process simple.
American Security Bank is headquartered in Santa Ana, CA. The Bank, the third largest independent bank in Orange County, has assets totaling $446 million (as of March 31, 2008.) It operates full-service banking offices in Santa Ana, Laguna Niguel, Apple Valley, Lancaster, Victorville and Corona. Loan Production offices serve the cities of Covina, Newport Beach and Palmdale; giving the Bank a footprint in four counties; Los Angeles, Orange, Riverside and San Bernardino.
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| February 26, 2008 |
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AMERICAN SECURITY BANK
REPORTS 2007
EARNINGS
Santa Ana, Calif. – February 26, 2008 – American Security Bank- David T. Blankenhorn, President/CEO of American Security Bank, announced today that 2007 was a year of opportunity and achievement for American Security Bank.
Net earnings were $7.5 million
This reflects a decrease of $1.2 million for the year 2007 when compared to 2006. The decrease in net earnings is mainly attributable to the negative impact of a $1.9 million increase in interest expense between 2006 and 2007 that was offset by a $1.3 million increase in interest and loan fee income for the same period. During the second half of the year, faced with an industry willing to pay premium rates to attract new deposits, the bank strategically increased rates on key customer accounts to ensure retention. This strategy, although prudent in the long-run, caused our short-term interest expense to outpace the increase in interest income.
Average deposits increased $11.8 million between December 2006 and December 2007
Total deposits reported at the end of 2007 were $341.3 million. This represents a decrease of $95.7 million over the prior year-end. The decrease was the result of a single, short-term deposit that was accepted during the final days of 2006. Average deposits, a better indicator of the bank’s stability, increased $11.8 million, or 3.3% between December 2006 and December 2007.
Total Loans increased by $57.2 million between December 2006 and December 2007During 2007 total loans increased by $57.2 million, or 18.2% to $372.6 million. Given the events of the latter half of 2007, the bank’s adherence to traditional banking principals and products proved to be a wise course of action as actual loan delinquencies declined from 2006 to 2007 in an environment where many financial institutions are reflecting rising delinquencies.
The bank reached some significant milestones in our development during 2007, these included:
The opening of a full-service banking office in the city of Corona
The successful negotiation of a lease on a building in Newport Beach that will become the Bank’s headquarters during the first half of 2008
Commencement of construction on a second office in Apple Valley, located in the Spirit River business complex
A new and rapidly growing technology (Remote Deposit) was implemented in all six of our full-service banking offices. This technology, used in the branches and offered to select customers of the bank, electronically expedites the movement of funds, provides the convenience of making deposits in the customer’s place of business and facilitates expedited credit for deposits into customer accounts.
Each of these steps evidenced our continued confidence in the Southern California Economy and its ability to recover from the challenges that emerged during the last half of the year.
As an organization, “We look forward to the challenges of 2008 and strongly believe that we have the tools to make the most of opportunities presented to us,” states David T. Blankenhorn, President/CEO. “Our bank’s capital levels are well above minimum regulatory requirements, our business practices are sound, we have an extremely loyal customer base and we have no sub-prime loans or securities backed with sub-prime products. Our new offices will enable us to service customers conveniently and our cadre of innovative, experienced bankers continues to be focused on one thing – delivering a banking experience for every customer that exceeds their expectation.”
American Security Bank is headquartered in Santa Ana, CA and has assets totaling $425 million (as of December 31, 2007). The Bank opened in September of 1990, and operated under the name Sun Country Bank until June, 2005. Full-service banking offices are located in Santa Ana, Laguna Niguel, Corona, Apple Valley, Lancaster and Victorville and Loan Production offices serve the cities of, Covina, Newport Beach and Palmdale, giving the Bank a footprint in four counties; Los Angeles, Orange, Riverside and San Bernardino.
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| January 3, 2008 |
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SHELDON RALPH PROMOTED TO SVP/MANAGER
LANCASTER OFFICE OF AMERICAN SECURITY BANK
SANTA ANA, Calif. – January 3, 2008 – American Security Bank- David T. Blankenhorn, President/CEO of American Security Bank, and Wayne Rosenberger, Senior Vice President/Regional Manager of the Bank’s Antelope Valley markets made a joint announcement today; Sheldon Ralph has been promoted to Senior Vice President, Manager of the Lancaster Office. Ralph currently manages the Bank’s Palmdale Loan Production Office and will now assume responsibility for both Antelope Valley locations. Ralph, who will assume responsibilities previously managed by Wayne Rosenberger as Manager of the Antelope Valley Markets, was personally selected by his predecessor in August, 2006, with this transition in mind.
Wayne Rosenberger will not be leaving the American Security Bank. “I will be retiring, at some point in the future, he comments, but the current plan is for me to spend my time in business development and customer retention, doing what I enjoy most …. cultivating new relationships. “Wayne is American Security Bank in the Antelope Valley,” says President/CEO, David T. Blankenhorn. “We respect his decision to prepare for retirement, but are extremely pleased by the transition plan he has orchestrated.” Both Rosenberger and Blankenhorn feel confident that Ralph, who was raised in the Lancaster area, is a strong choice for the role of Manager as “he has a keen insight into both the history and the future of the area.”
As of September 30, 2007, American Security Bank had total assets of $439.8 million and operates in Los Angeles, Orange, Riverside and San Bernardino counties. They have six full-service banking offices in Santa Ana, Laguna Niguel, Apple Valley, Lancaster, Victorville and Corona. They also have Loan Production Offices in Newport Beach, Covina and Palmdale.
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