Plaza Bank’s Todd Massas with owner of Pacific Sweeping, Lee Miller

Plaza Bank’s Todd Massas with owner of Pacific Sweeping, Lee Miller

Client Closeup: Pacific Sweeping

Like C.S. Bishop, who invented the first street sweeping machine in 1849, Lee Miller is an innovator. As owner of Pacific Sweeping in San Marcos, California, Miller has stayed on the leading edge in a commoditized industry to distinguish his business from the pack and achieve sustainable growth.

The street sweeping industry was initially driven by the need to keep communities clean and improve the aesthetics of both residential and commercial properties. Today, it’s as much a function of asset management, where property owners and municipalities alike are interested in keeping their curbs, streets, and parking lots debris-free, safe, and environmentally sound.

Founded during the housing boom in the late 1960s, Pacific Sweeping offered services to large home builders for many years. In the late 1990s, when local governments began outsourcing street sweeping services, the company took advantage and established contracts with a handful of cities in San Diego County.

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Client Closeup: Branches Atelier

It is not surprising that most of Plaza Bank’s clients share a commitment to strengthen their local communities. After all, “Plaza Bank seeks to work with like-minded businesses and organizations as it strives to make a positive impact in the communities we serve,” emphasized Todd Massas, Senior Vice President, Commercial & SBA Lending Group Manager at Plaza Bank.

Branches Atelier, a school in Culver City and Plaza Bank client since 2012, is the epitome of such partnership. “We are not just a school for children, we are a school for the community,” said Patricia Hunter McGrath, founder and executive director of Branches Atelier. “But we can’t do it alone.”

Hunter McGrath realized that five years ago as she sought to expand Branches Atelier from a home-based preschool—the result of increased demand for her unique learning program inspired by the Reggio Emilia (social constructivist) approach to early childhood education.

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Plaza Bank’s Todd Massas with Patricia Hunter McGrath, founder of Branches Atilier

Plaza Bank’s Todd Massas with Patricia Hunter McGrath, founder of Branches Atelier

On Thursday, November 5, Plaza Bank hosted a spectacular grand opening event at Cucina Enoteca in Del Mar to celebrate the new San Diego Regional Business Center.

On Thursday, November 5, Plaza Bank hosted a spectacular grand opening event at Cucina Enoteca in Del Mar to celebrate the new San Diego Regional Banking Center.

Grand Opening of Plaza Bank’s New San Diego Regional Banking Center

Plaza Bank has opened its new regional banking center in San Diego, located in the Highlands Corporate Center at 12750 High Bluff Drive.

The new center, which officially opened September 22, serves Plaza Bank’s growing client base throughout the San Diego business region. It is Plaza Bank’s eighth location throughout Southern California and Las Vegas. Plaza Bank specializes in traditional business banking services, commercial lending, and SBA financing.

“As we continue our rapid growth serving small business communities, we are excited to announce Plaza Bank’s expansion into the San Diego area,” said Gene Galloway, President and CEO of the Bank.

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Plaza Bancorp Announces 2015 Third Quarter’s Financial Results (unaudited)

IRVINE, CA – October 27, 2015: Plaza Bancorp (PLZZ) (the “Company”), the holding company of Plaza Bank (the “Bank”), reported net income for the third quarter of 2015, the first full reporting period after the merger with Manhattan Bancorp, of $2.1 million, or $0.07 per diluted share. The Company’s annualized return on average assets and return on average equity for the quarter ended September 30, 2015 were 0.82% and 8.30%, respectively.

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Mark Beatty, George Beatty, and Colin Hooper

Mark Beatty, George Beatty, and Colin Hooper

Client Closeup: Survival Systems

As its name suggests, Survival Systems International (SSI) is in the business of saving lives. The company’s flagship product, a high-performance lifeboat capsule designed specifically for workers on offshore rigs and platforms, has been used in more than 60 emergency evacuations, safely rescuing more than 2,000 people.

“Those numbers are unparalleled in the industry,” said George Beatty, owner and president of the company. “Not that we’re in the business to set records, but that speaks to the superior design and performance of our products, which is something we’re very proud of.”

Not only are SSI’s capsules critical in emergency evacuations, but due to their built-in design features and structural strength for safer recovery in the water, they also are used for training. “We now have more than 2,000 units in service in the offshore regions of 30 countries worldwide,” said Beatty, who has worked in the business since 1972.

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Plaza Bancorp receives ticker symbol PLZZ

Plaza Bancorp, the parent company of Plaza Bank, received its stock ticker symbol, PLZZ, from FINRA on Friday, October 2, 2015, after the close of business. The stock will trade in the OTC Market. The link for a price quote is www.otcmarkets.com/stock/PLZZ/quote.

For further information, please contact John Shindler, our Chief Financial Officer at jshindler@plazabank.com.

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Fast Track: A Micro Loan for your Small Business

Entrepreneurs seeking small loans may benefit from the Fast Track Program. A quick and streamlined approval process makes this option ideal for newer businesses that do not have an extensive operating history.

Lending Highlights

  • $5,000 to $150,000
  • Minimum of 1 year in business
  • $500 to cover documentation and processing expenses
  • For small businesses in Southern Nevada and Southern California

FOR MORE INFORMATION ABOUT FAST TRACK LOANS CONTACT
Irvine: (949) 502-4300
Las Vegas: (702) 853-4700

FAST-TRACK

Plaza Bank makes SNL’s list of 100 top-performing banks of 2014 with assets between $500M and $5B

SNL Financial is the premier provider of breaking news, financial data and expert analysis on business sectors critical to the global economy such as banking.

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