2008-09-06 00:54:01 -
- Community 1st Bank, (OTCBB:CFBN), ("the Bank") announced today it will open its 3rd branch at 649 Lincoln Way in Auburn, California. The new branch is scheduled to open before year end.
"We are excited about opening a full-service branch in Downtown Auburn," notes Mark A. Lund, President and CEO. "For decades, this location has been home to the dominant community financial institution in the greater Auburn area, and has been the source of many jobs that support local families. In reopening this facility, we are restoring the proud tradition of a locally owned community bank at this premier location, and bringing many jobs back to downtown. Several small businesses will also move to our campus, bringing jobs and
commerce, as they occupy space that has been vacant for an extended period. Scheduled to open before year-end, we look forward to providing downtown Auburn with more of the outstanding service for which we have become known."
Steve Galyardt, Vice President and Branch Manager for the future Downtown Auburn branch agrees. "We are looking forward to delivering the outstanding service that this community deserves," says Galyardt. "We plan to give back to the community by bringing more business to the surrounding merchants. It's absolutely a win-win situation."
Community 1st Bank is headquartered in Roseville, California and operates full service banking offices in both Roseville and Auburn. Community 1st Bank offers a wide range of business and consumer deposit products including remote deposit capture, health savings accounts, online banking, and cash management services. The Bank also offers a full complement of loan products, including commercial, consumer, and real estate loans. For more information about the Bank, visit the Bank's website at www.community1bank.com.
Forward-Looking Statements: Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, loan production, competitive pressure in the banking industry, balance sheet management, net interest margin variations, the ability to control costs and expenses, changes in the interest rate environment and financial policies of the United States government and general economic conditions. The Bank disclaims any obligation to update any such factors.
Community 1st Bank
Mark A. Lund, 916-724-2424
Fax: 916-724-2422
President & CEO
Email Address:
mlund@community1bank.com
Web site address: www.community1bank.com