Stellar Business Bank Announces Appointment of New Directors

COVINA, Calif.--(BUSINESS WIRE)--Stellar Business Bank (OTCBB: SLRB.OB) announces the appointment of Bernard A. Bernstein and Anthony J. Lima to its Board of Directors.

Mr. Bernstein is a Certified Public Accountant and the managing partner of Pomona-based Bernstein & Rathman, Inc., a Certified Public Accounting firm. Mr. Bernstein received his Bachelor of Science degree in Accounting from Cal Poly Pomona. With more than 29 years of experience in public accounting, Mr. Bernstein is a Rotarian and is involved with many Boards and non-profit organizations within the Bank’s market area, including Pomona Valley Hospital Medical Center, the Los Angeles County Fair Association and City of Pomona Blue Ribbon Committee, and is also a member of the Le Roy Haynes Center’s Finance Committee.

Mr. Lima is President of Fontana-based A.J. Lima Trucking, Inc. With more than 35 years of experience in the trucking and freight industry, Mr. Lima is regarded as a highly experienced and successful professional in his field. Mr. Lima has served the community in many capacities and is currently a Director and Vice President of the Rowland Water District, in addition to serving 15 years on many other joint community water committees.

“On behalf of Stellar Business Bank’s Board of Directors, we are pleased to announce the appointment of Mr. Bernstein and Mr. Lima as our two newest Directors. We believe their insight and professional experiences will assist us in leading the Bank now and well into the future,” stated Timothy P. Walbridge, President and CEO. “Both Mr. Bernstein and Mr. Lima have a long history in conducting business in the Southern California market as well as serving our communities.”

Certain statements in this press release, including statements regarding the anticipated development and expansion of Stellar Business Bank’s business, and the intent, belief or current expectations of the Bank, its directors or its officers, are “forward looking” statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward looking statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Bank’s performance, including its ability to generate loan and deposit growth, changes in interest rates, regulatory matters and those discussed in filings by the Bank with the Federal Deposit Insurance Corporation. Member FDIC and Equal Housing Lender.

Steller Business Bank
Timothy P. Walbridge, President & CEO
626.214.3040