ANAHEIM, Calif.--(BUSINESS WIRE)--California United Bank (“CUB” or “the Company”), a subsidiary of CU Bancorp (NASDAQ: CUNB), today announced the opening of its new Orange County office located on the first floor of the Atrium at 19200 Von Karman Ave., Irvine, Calif. The office combines CUB’s former Irvine—Newport branch and the Irvine Loan Production Office.
“We believe the synergies between these two teams will greatly enhance the value we can provide to our customers. Additionally, the new location provides our patrons with convenient freeway access, plentiful parking and a centrally located ATM.”
“We are very pleased to bring our two Orange County teams together in one location, an accomplishment that represents a milestone in our strategic plan,” noted CUB Executive Vice President Stephen Pihl. “We believe the synergies between these two teams will greatly enhance the value we can provide to our customers. Additionally, the new location provides our patrons with convenient freeway access, plentiful parking and a centrally located ATM.”
Mr. David Caples, Senior Vice President, Commercial Banking and Ms. Danni Remington, Senior Vice President, Business Banking Manager, will run the combined office. “We are thrilled to bring our teams together,” commented Ms. Remington, who also serves as Vice Chair of Membership for the Irvine Chamber of Commerce. “The new location will give us a larger presence in Orange County, greatly assist our ability to serve our customers and enable us to make an even greater impact on the surrounding community.”
About CU Bancorp and California United Bank
CU Bancorp is the parent of California United Bank which was founded in 2005 and is the largest independent bank headquartered in the San Fernando Valley. California United Bank provides a full range of financial services, including credit and deposit products, cash management, and internet banking to businesses, non-profits, entrepreneurs, professionals and investors throughout Southern California from offices in the San Fernando Valley, the Santa Clarita Valley, the Conejo Valley, Simi Valley, Los Angeles, South Bay, and Orange County. To view CU Bancorp’s most recent financial information, please visit the Investor Relations section of the Company’s Web site. Information on products and services may be obtained by calling (818) 257-7700 or visiting the Bank’s Web site at www.cunb.com.