Vibra Bank Announces the Hiring of a New CFO and SBA Manager

CHULA VISTA, Calif., Dec. 1, 2010 /PRNewswire-FirstCall/ -- Vibra Bank (OTC Bulletin Board: VBBK) announced today the hiring of Chief Financial Officer Ricardo Huerta and SBA Manager Joseph Kennedy.

Huerta has been serving San Diego County bank customers for more than a decade.  He served as Executive Vice President and Chief Financial Officer for Neighborhood National Bank, and as Vice President and Controller at Borrego Springs Bank.

Huerta earned his Bachelor's Degree in International Business from San Diego State University and graduated from the Graduate School of Banking at Colorado in Boulder, Colorado.

Joseph Kennedy has more than 20 years of commercial, small business, and real estate lending experience.  Most recently, he served as Vice President and SBA Program Manager for Pacific Capital Bank.  Prior to that, Kennedy was Vice President and Credit Underwriting Manager at Sunrise Bank of San Diego.  He is a graduate of Cal Poly San Luis Obispo.  

"We are very pleased and excited to have Ricardo and Joseph join our team," said Vibra Bank President and CEO Scott Parker.  "Both bring many years of local banking experience and are committed to our mission, which is to provide excellent service to our customers and help them move forward with their business and financial goals. "

About Vibra Bank:

Vibra Bank was founded in July, 2008 as a bi-cultural community bank serving all of San Diego County. At Vibra Bank, our desire is to empower and inspire our customers to reach their goals and full potential with the support of the Bank's resources and our commitment to building quality relationships.  We offer customers a wide range of services including online banking, remote deposit processing and a full range of loan products, including SBA loans, with a focus on loans to businesses and business owners.  

Certain statements in this press release, including statements regarding the anticipated development and expansion of Vibra Bank's business, and the intent, belief or current expectations of Vibra Bank, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995).  Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.  These risks and uncertainties include, but are not limited to, risks related to the local and national economy, Vibra Bank's performance and implementation of its business plans, loan performance, interest rates, and regulatory matters.

SOURCE Vibra Bank