Stellar Business Bank Announces Expansion With New Business Services Division

COVINA, Calif.--(BUSINESS WIRE)--Stellar Business Bank (OTCBB: SLRB.OB) announces the expansion of its cash management service offerings with the addition of its new Business Services Division.

The Bank’s new Business Services Division encompasses a variety of new technology capabilities for the Bank’s customers, combined with the personal service and support of proficient banking and information technology (IT) professionals. The Business Services Division provides the Bank’s customers with such relationship-enhancing and technologically advanced services as remote deposit capture, various online banking capabilities, remote IT support, merchant services, on-site assistance at our customers’ place of business, training and more. The Bank’s Business Services Division is led by Nicole Striegel, an experienced local banker and IT professional.

“The Bank’s addition of a Business Services Division is a timely and strategic expansion to help support our customers’ increasing demands for technologically advanced cash management solutions,” stated Timothy P. Walbridge, President and CEO. “While such services improve the manner by which our customers conduct and manage their banking, we also sought an opportunity to expand beyond traditional cash management support by encompassing all ancillary business banking services into one streamlined unit. In doing so, we have succeeded in creating a one-stop, personalized service, technologically advanced support division for our customers. The need and demand for electronic banking services will continue to increase, and we believe that the Bank is well-positioned to respond to those needs now while creating new opportunities for growth.”

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.

Stellar Business Bank
Timothy P. Walbridge
President & CEO
626-214-3040