|By Marketwired .||
|January 24, 2014 05:00 PM EST||
SAN JOSE, CA -- (Marketwired) -- 01/24/14 -- Focus Business Bank (OTCQB: FCSB) announced that its founding Chairman of the Board, Theodore Biagini, retired effective January 21, 2014. Mr. Biagini, age 73, was an organizer of the Bank and had served as Chairman since its opening on January 16, 2007. The Bank also announced that President and Chief Executive Officer Richard Conniff would assume the additional position of Chairman of the Board, director Ray Akamine was named Lead Independent Director and Julianne Biagini had been appointed to the Board of Directors.
Mr. Biagini commented, "I have full confidence in the directors, management team and staff of Focus Business Bank to carry on the mission of serving our customers with the highest quality banking services. I have enjoyed my long association with the Bank from its organizational period through the end of its seven year de-novo period, during which time it has grown to a strong, profitable enterprise with assets in excess of $300 million at December 31, 2013. I look forward to continuing to serve the Bank in an advisory role as Chairman Emeritus."
Mr. Conniff noted, "It has been a pleasure and honor to serve under Ted's leadership. He has provided strong and consistent direction, always underscoring the importance of superb customer service. He will be missed but has created a profitable bank with a strong foundation for continued success."
Mr. Conniff is the founding President and CEO of Focus Business Bank. Mr. Akamine was an organizer and founding director of the Bank and is the Chief Financial Officer of Hill View Packing of San Jose, California. Ms. Biagini, a certified public accountant, was a founding shareholder and organizer of the Bank and is currently the Chief Financial Officer of Quantumscape Corporation of San Jose.
About Focus Business Bank
Focus Business Bank is dedicated to meeting the banking needs of closely-held businesses and professionals in Santa Clara County. The Bank's office is located at 10 Almaden Boulevard in downtown San Jose, California and offers a variety of commercial banking products including loans, deposits, remote deposit capture and other cash management services oriented toward closely-held businesses and their owners. The Bank specializes in commercial loans and is also an SBA Preferred Lender. The Bank also serves not-for-profit businesses and condominium homeowner associations by offering expertise, market knowledge and specialized products and services to these clients.
Richard L. Conniff
President and Chief Executive Officer