New American Security Bank Commercial Real Estate Administrative Banking Offices Opens

American Security Bank Opens Newport Beach Branch, Commercial Real Estate Division and Administrative Banking Offices at 1401 Dove Street

SANTA ANA, Calif.-- July 03, 2008 --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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Contacts

American Security Bank
Cynthia Schneider, SVP, Marketing
951-372-8930