UNITED STATES | |||
SECURITIES AND EXCHANGE COMMISSION | |||
Washington, D.C. 20549 | |||
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SCHEDULE 14A | |||
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Proxy Statement Pursuant to Section 14(a) of | |||
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Filed by the Registrant x | |||
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Filed by a Party other than the Registrant o | |||
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Check the appropriate box: | |||
o | Preliminary Proxy Statement | ||
o | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) | ||
o | Definitive Proxy Statement | ||
x | Definitive Additional Materials | ||
o | Soliciting Material Pursuant to §240.14a-12 | ||
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1ST CENTURY BANCSHARES, INC. | |||
(Name of Registrant as Specified In Its Charter) | |||
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant) | |||
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Payment of Filing Fee (Check the appropriate box): | |||
x | No fee required. | ||
o | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. | ||
| (1) | Title of each class of securities to which transaction applies: | |
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| (2) | Aggregate number of securities to which transaction applies: | |
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| (3) | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): | |
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| (4) | Proposed maximum aggregate value of transaction: | |
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| (5) | Total fee paid: | |
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o | Fee paid previously with preliminary materials. | ||
o | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. | ||
| (1) | Amount Previously Paid: | |
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| (2) | Form, Schedule or Registration Statement No.: | |
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| (3) | Filing Party: | |
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| (4) | Date Filed: | |
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May 16, 2008
Waheed Hassan, CFA
RiskMetrics Group
2099 Gaither Road
Rockville, MD 20850
Dear Mr. Hassan:
I am forwarding to you certain “peer group” information that was referenced during the discussion today. Please let us know if there is any other information that we can provide.
Sincerely,
Alan Rothenberg
CEO, Chairman of the Board
1st Century Bancshares
1ST CENTURY BANCSHARES, INC.
1875 Century Park East, Suite 1400 · Los Angeles, CA 90067 · MAIN: (310) 270-9500 · FAX: (310) 270-9599 · www.1stcenturybank.com
Selected Financial Performance
Class of 2004 De Novo Banks In California |
Name (City) |
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| 12/31/2007 |
| 12/31/2007 |
| 2006 |
| 12/31/2007 |
| 12/31/2007 |
| 12/31/2007 |
| 2006 |
| 12/31/2007 |
| 12/31/2007 |
| 12/31/2007 |
| Initial |
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1st Century Bank, N.A. |
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Los Angeles, CA |
|
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| 223,855 |
| 161,192 |
| 145,087 |
| 58,812 |
| (4,799) |
| 2,912 |
| 53 |
| 1.4% |
| 5.2% |
| 106.8% |
| 26,400 |
|
Bank of Santa Clarita |
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Santa Clarita, CA |
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| 144,150 |
| 110,285 |
| 87,994 |
| 18,550 |
| (3,360) |
| (331) |
| (592) |
| (0.3)% |
| (1.8)% |
| 111.4% |
| 13,700 |
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Bay Commercial Bank |
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Walnut Creek, CA |
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| 90,710 |
| 89,793 |
| 60,428 |
| 15,238 |
| (403) |
| 1,207 |
| 226 |
| 1.5% |
| 8.3% |
| 114.3% |
| 15,400 |
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Beach Business Bank |
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Manhattan Beach, CA |
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| 213,993 |
| 172,685 |
| 98,576 |
| 37,386 |
| (63) |
| 595 |
| 1,046 |
| 0.3% |
| 1.6% |
| 109.1% |
| 10,700 |
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Charter Oak Bank |
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Napa, CA |
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| 106,678 |
| 88,558 |
| 61,583 |
| 15,935 |
| (2,566) |
| 46 |
| (321) |
| 0.1% |
| 0.3% |
| 102.9% |
| 17,600 |
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Independence Bank |
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Newport Beach, CA |
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| 383,045 |
| 229,025 |
| 187,613 |
| 34,776 |
| (993) |
| 1,652 |
| 791 |
| 0.5% |
| 4.9% |
| 146.2% |
| 8,500 |
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Mother Lode Bank |
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Sonora, CA |
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| 67,393 |
| 58,745 |
| 55,314 |
| 8,363 |
| (1,830) |
| (301) |
| (174) |
| (0.5)% |
| (3.6)% |
| 80.0% |
| 7,600 |
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Pacific Valley Bank |
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Salinas, CA |
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| 160,785 |
| 139,202 |
| 84,946 |
| 17,781 |
| (4,984) |
| (2,499) |
| (736) |
| (1.9)% |
| (13.4)% |
| 77.4% |
| 12,300 |
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Point Loma Community Bank |
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San Diego, CA(1) |
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| 56,436 |
| 49,140 |
| 36,674 |
| 7,193 |
| (807) |
| 167 |
| 197 |
| 0.3% |
| 2.4% |
| 101.0% |
| 8,000 |
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Redwood Capital Bank |
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Eureka, CA |
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| 128,708 |
| 117,233 |
| 91,757 |
| 10,920 |
| (1,356) |
| 879 |
| 750 |
| 0.8% |
| 8.9% |
| 88.9% |
| 11,000 |
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Santa Cruz County Bank |
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Santa Cruz, CA |
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| 160,369 |
| 139,009 |
| 112,982 |
| 19,151 |
| 204 |
| 980 |
| 2,275 |
| 0.7% |
| 5.3% |
| 82.0% |
| 13,200 |
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| Average |
| 157,829 |
| 121,352 |
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| 482 |
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| 0.7% |
| 5.0% |
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| Median |
| 144,150 |
| 117,233 |
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| 595 |
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| 0.5% |
| 4.9% |
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(1) Majority owned by Capital Bancorp, Lansing. Michigan · - part of a multi-bank holding company structure.