CHULA VISTA, Calif., March 3, 2015 /PRNewswire/ — Vibra Bank (“VBBK”- OTCQB), reported today that it has been recognized as the #1 “small size” SBA 7(a) lender for all of 2014 by the San Diego District Office of the U.S. Small Business Administration.

The award was announced on February 18, 2015 at the annual San Diego District SBA awards luncheon by Ruben R. Garcia, Director of the SBA’s San Diego District Office. Brian J. McClendon, Vibra Bank’s Senior Vice President/SBA Division Sales Manager, accepted the award on behalf of the Bank. The award recognized Vibra Bank as #1 in both number of loans made and total dollar volume for this category during 2014.

“This is the second year in a row Vibra Bank has been recognized as being the #1 ranked ‘small size’ SBA lender in the SBA’s San Diego district,” said Frank Mercardante, President and CEO of the Bank.

The Bank reported last week that it has received all necessary approvals for its merger with Pacific Commerce Bank, scheduled to close early in the second quarter. “We are looking forward to combining forces with Pacific Commerce Bank’s SBA operation and expanding our loan volume even further,” added Mercardante.

About Vibra Bank
Vibra Bank is a full-service community bank offering wide variety of deposit and loan services to meet their customers’ needs. Deposit offerings include, among others, state-of-the-art online banking and remote deposit capture. As an SBA Preferred Lender, Vibra’s lending is focused on loans to small businesses and professionals, commercial real estate, and high net-worth individuals. Please visit our website at www.vibrabank.com for more information, or call us at (619) 422-5300. SE HABLA ESPANOL

Forward-Looking Statements
Statements made in this release, other than those concerning historical financial information, may be considered forward-looking statements, which speak only as of the date of this release and are based on current expectations and involve a number of assumptions. These include statements as to the anticipated benefits of the merger, including future financial and operating results, cost savings and enhanced revenues that may be realized from the merger as well as other statements of expectations regarding the merger and any other statements regarding future results or expectations. Each of PFCI and VBBK intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and is including this statement for purposes of these safe harbor provisions. The companies’ respective abilities to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material effect on the operations and future prospects of each of PFCI and VBBK and the resulting company, include but are not limited to: (1) the businesses of PFCI and/or VBBK may not be integrated successfully or such integration may be more difficult, time-consuming or costly than expected; (2) expected revenue synergies and cost savings from the merger may not be fully realized or realized within the expected time frame; (3) revenues following the merger may be lower than expected; (4) customer and employee relationships and business operations may be disrupted by the merger; (5) the ability to obtain required regulatory and shareholder approvals, and the ability to complete the merger on the expected timeframe may be more difficult, time-consuming or costly than expected; (6) changes in interest rates, general economic conditions, legislative/regulatory changes, monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve; the quality and composition of the loan and securities portfolios; demand for loan products; deposit flows; competition; demand for financial services in the companies’ respective market areas; their implementation of new technologies; their ability to develop and maintain secure and reliable electronic systems; and accounting principles, policies, and guidelines, and (7) other risk factors detailed from time to time. PFCI and VBBK undertake no obligation to update or clarify these forward-looking statements, whether as a result of new information, future events or otherwise.

Media Contact:
Frank J. Mercardante
(619) 422-5300
fmercardante@vibrabank.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/vibra-bank-receives-award-as-number-1-sba-lender-300044335.html

SOURCE Vibra Bank