SPRING 2011

First Choice Bank Reports Record Net Income for Full Year 2010 of $1 Million First Choice Bank reports full-year 2010 net income of $1,006,000 and total assets of $202 million.

Neena Bansil, President and Chief Executive Officer of the Bank is pleased to report that year 2010 marks a year of great success for First Choice Bank; the Bank has grown remarkably its assets by more than $54 million, 37% over the year of 2009. This growth has been contributed by strong core deposits growth through quality customer relationship.

First Choice Bank continues to maintain strong capital ratios, with a Tier-One leverage capital ratio of 8.7%, compared to the regulatory minimum of 5%, and a total risk based capital ratio of 16.8%, compared to the regulatory minimum of 10% to be “Well Capitalized”.

Financial Highlights of the Bank’s performance are as reflected below:• Record Earnings – $1 million net income in 2010

• Total Assets Reach $202 Million

• Return on Equity and Return on Assets improves to 6% and 0.6% in Year 2010

• Total Deposits Increase 38% from the Prior Year

• Net Interest Income Rises 43% from the Prior Year

• Strong Capital Position, well capitalized with Tier-One capital ratio of 15.6% and Total Risk Based capital ratio of 16.8%

• Credit Quality – Nonperforming assets remain low at 0.95% of total assets

• Efficiency ratio improves to 78% in 2010, versus 100% in 2009

Additionally, in September 2010 the Bank was certified by the U.S. Treasury as a Community Development Financial Institution (CDFI), which was created for the purpose of promoting economic revitalization and community development in low-income communities. With the Bank’s good standing and the primary mission of meeting the financial services needs of the underserved and distressed community in its area of operations, the Bank was approved to exchange its TARP funds for more favorable Community Development Capital Initiative (CDCI) funds under Capital Purchase Program (CPP), with an initial dividend rate of 2% for eight years, compared to the 5% rate offered for five years under the CPP. Further, as a certified CDFI, the Bank is able to supplement its efforts to meet the goals of promoting local economic growth in the area of operations through additional incentives that it may receive by way of CDFI Fund’s monetary awards and various programs.

The Bank is sincerely grateful to all its stakeholders, who have extended their support and confidence through all the difficult times, to enable the Bank to attain this position.

Volume II I Issue I

In this Issue:

Page 2:Shankar N. Ram, New Director

Community Service 2010

Page 3:Tax Credits for Energy-Efficient Improvements

Page 4:Upcoming Events

E-Statements

Neena Bansil President/CEO

Shankar N. Ram has a degree in Engineering from the University of Madras and a Masters in Systems Science from Louisiana State University, Baton Rouge. He has over 35 years of experience and has run his own businesses for the past 28 years. He is a documented serial entrepreneur – he has started and sold two businesses and is now working on the third one. Shankar has been a mentor and an advisor to small businesses.

He is the Chairman of the Board of two Information Technology companies, Netwin Solutions, Inc. and Ignify, Inc., and is a Director at Importers Software Services, Inc., a software solution provider, and Continental Foods, Inc., an ethnic food importer and distributor. He recently joined the Board of a California-based bank, First Choice Bank in Cerritos, California.

Shankar is also involved with TiE, Southern California, the organization for Entrepreneurs. He is currently the Chair of

Shankar N. Ram – A Mentor to Small BusinessesCharter Members and is the President-Elect for 2011. Shankar is also a member of the Foreign Trade Association of Southern California (FTA). He was a Director-At-Large for the FTA for two years.

Shankar is involved with a variety of charitable organizations in the U.S. and India. He is currently a trustee of Gunidy 1975, a charitable trust in Chennai, India. In the past, he has been on the Advisory Board of the America India Foundation, Los Angeles.

Shankar lives with Geetha, his wife of 28 years, in Rossmoor, CA. They have three children – two of them graduating this year, one with an MD from University of Michigan and the other with a BS in Communications & Media from NYU. The third one will be a junior in high school this year.

First Choice Bank is pleased to welcome Mr. Shanker Ram to its Board of Directors.

FIRST CHOICE BANK CARES!

The Los Angeles Regional Food Bank needs as many hands as they can get - organizing, bagging, boxing and getting food out to those in need!

FIRST CHOICE BANK CARES!

Volunteers meet at the San Gabriel Valley Humane Society with pet food and supplies for an afternoon with some furry friends.

Making energy-efficient home improvements might be well worth your time – and dime! If you can come up with the money to make a few changes in your home, you could reap substantial savings from both tax credits and lower energy bills.

Thanks to the 2009 stimulus package, you might be eligible for tax credits, which usually are more valuable than tax deductions. How so? A deduction reduces taxable income based on your tax bracket; a credit gives you 100% of the credit back and is not income-based.

For example: If you’re in the 35% tax bracket, a $1,000 deduction reduces your tax bill by $350. But a $1,000 tax credit reduces your tax bill by the full $1,000. So to get the most bang for your buck, you claim the credit when filing your federal income tax return.

Tax Credits for Energy-Efficient ImprovementsTax credits are available for 30% of the cost of the following energy-efficient home improvements, up to $1,500 through 2010 for existing primary homes only:

• Energy-efficient furnace, air conditioner, heat pump or boiler• Insulation• Skylights and storm windows and doors• Non-solar water heater• Roofs (asphalt and metal)• Biomass stoves

Tax credits are available for up to 30% of the cost of the following energy-efficient improvements, with no maximum dollar amount, through 2016 for existing primary homes, new home construction, rentals and secondary homes:

• Geo-thermal (ground source) heat pump• Solar panels• Solar water heater• Small wind energy system

For complete information on energy-efficient improvements, tax credits and qualifications, visit any one of the following Web sites:

• Energy Star at energystar.gov• Alliance to Save Energy at ase.org• Weatherization Source at weatherizationsource.com

Friends and family gather at Angel Step Too to help create the perfect Thanksgiving dinner.

Community Service 2010

Branch LocationsHeadquarters/Cerritos Branch17414 Carmenita RoadCerritos, CA 90703P: 562-345-9092Toll Free: 877-256-9809 F: 562-926-8737Monday - Thursday 9:00am to 4:00pmFriday 9:00am to 6:00pmSaturday 10:00am to 1:00pmCustomerCare@FirstChoiceBankCA.com

Alhambra Branch407 W. Valley Boulevard, Suite 1Alhambra, CA 91803P: 626-300-8987F: 626-300-8507Monday - Thursday 9:00am to 5:00pmFriday 9:00am to 6:00pmSaturday 10:00am to 1:00pm

17414 Carmenita Road • Cerritos, CA 90703

Upcoming Events• Community Service Event:

“Arc Walk for Independence” on March 26th – Bank staff and family will be doing a one or three mile walk to raise funds for people with intellectual and developmental disabilities. For more info – www.arcwalk.org.

• Bank’s Annual Shareholders Meeting will be held on Wednesday, May 11, 2011.

Sign Up for E-StatementsSave time. Save space. Save money. Save a tree! Environmentally conscious and security-minded people are choosing to receive e-Statements in place of traditional paper statements. First Choice Bank offers this service FREE to our customers.

E-Statements are electronic copies of your account statements that you can view, search, save and print online anytime, at your convenience! They’re:

• Fast – Available online, days sooner than paper statements that arrive by mail.• Convenient – No need to file away paper statements; e-Statements are stored for

you online and archived for 18 months! • Secure – Access your e-Statements using your secure Online Banking account

login. e-Statements are not sent by e-mail or by paper to an unsecure mailbox.• Environmentally friendly – e-Statements

save paper, ultimately saving trees and helping the environment!

Join the enlightened group of customers who have made this simple switch that makes a big difference. Sign up for e-Statements today!

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