1st Century Bank Reaches $1 Billion In Assets

LOS ANGELES, March 16, 2018 /PRNewswire/ -- 1st Century Bank, a division of MidFirst Bank, today announced it has surpassed $1 billion in assets.

1st Century Bank, which merged with MidFirst Bank in 2016, is headquartered in the Century City area of Los Angeles, California, with a full service business banking center in Century City, and relationship offices in Santa Monica, Beverly Hills and downtown Los Angeles. 1st Century Bank's primary focus is serving the specific banking needs of entrepreneurs, professionals and small businesses, as well as commercial and industrial lending, and private banking.

"We are very pleased with our financial results as we continue to benefit from our local community bank culture combined with the capital resources of MidFirst Bank. Our growth with the MidFirst partnership has exceeded expectations, and we anticipate accelerating our growth rate for years to come with the addition of new teams, new geographies, and new products," said Jason P. DiNapoli, president and CEO, 1st Century Bank.

Founded in 2004 with the vision to create a bank with unparalleled client service in Los Angeles, 1st Century Bank's culture has been built on the extraordinary importance of personal attention, experienced guidance, and commitment to the communities it serves. The dedication to the success of the bank's clients has made this vision a reality.

1st Century Bank is a division of MidFirst Bank, one of the nation's largest privately held financial institutions. This combination of private ownership, a strong capital base, and local market focus and expertise, allows 1st Century Bank to provide greater scale and opportunity for its clientele. 1st Century Bank's exceptional service model provides the flexible, local decision-making that has distinguished it in the Los Angeles market.

SOURCE 1st Century Bank