Exhibit 99.1
November 20, 2009
Dear Client/Shareholder,
As the enclosed graph displays, 1st Century Bank continues to be one of the most
well-capitalized banks in Southern California.
1st Century Bank Capital Breakdown:
· |
Risk Based Capital Ratio = 21.3%.
· |
100% of our capital is pure common equity.
· |
NO TARP.
· |
NO Trust Preferred.
· |
NO subordinated debt.
· |
NO other kind of "quasi-equity".
The key measurement of a bank’s health is itsCAPITAL, and now more than ever this is of paramount importance.
We have positioned our bank to withstand this current economic cycle and stand confidently poised for growth in the years to come. We are both shareholders and clients of this bank and have full faith in our board and the talented team we have built to continue moving this bank forward into a successful future.
We appreciate your continued commitment to and confidence in 1st Century Bank.
As always, feel free to contact either of us if you have any questions at all. Or better yet, come in and pay us a visit.
Sincerely,
Alan I. Rothenberg |
Jason P. DiNapoli
Chairman |
President & CEO
310.270.9501 |
310.270.9505