Plaza Bank Hires Scott Hoover as Vice President and Senior Relationship Manager in Irvine

IRVINE, CA--(Marketwired - Sep 8, 2016) - Plaza Bank (OTCBB: PLZZ) (the "Bank") is pleased to announce it has hired Scott Hoover as Vice President and Senior Relationship Manager in Irvine. In this role, he is responsible for developing profitable lending and depository relationships for the Bank, backed by superior client service, through management of operational and sales processes.

Mr. Hoover, who joined Plaza Bank in August 2016, is based in the Bank's headquarters branch in Irvine. With 20 years of experience in commercial banking and capital leasing, he has specific expertise in working capital lines of credit, commercial real estate financing (SBA 504 and 7a), asset-based lending, equipment loans, and treasury management.

Prior to joining Plaza Bank, Mr. Hoover was Vice President at Farmers & Merchants Bank of Long Beach, where he specialized in commercial lending for purchase, refinance, and construction, as well as investment real estate. Before that, he held various bank officer and business development roles with California Bank & Trust, Union Bank, Omega Capital Partners, Pacific Premier Bank, and Wells Fargo.

"Scott has demonstrated ability to identify, acquire, and grow small and mid-size business loan and deposit volume through strong relationships and exceptional service, making him a great addition to our team," said Gene Galloway, President and CEO of Plaza Bank. "We are excited about the opportunities to further grow our business and serve clients through his expertise, leadership, and commitment."

"I'm excited to work with a strong community bank that lends and gives back to the communities it serves," Mr. Hoover said. "I appreciate the team's passion, enthusiasm, and 'can-do' attitude for getting deals done and serving clients' needs, inspiring me even further as I build relationships and attract new business."

Mr. Hoover earned his B.S. in Business Administration, Economics, and International Business from Chapman University. He was born and raised in Orange County, where he also has spent his entire professional career. Mr. Hoover, who resides with his family in Cypress, enjoys golfing and cooking for family and friends.

About Plaza Bank
Plaza Bank is full service community bank serving the business and professional communities in Southern California and Las Vegas, Nevada. The Bank is committed to meeting the financial needs of small to middle market businesses and professional firms with loans for working capital, equipment and owner-occupied commercial real estate financing and a full array of cash management services. Our bankers are experienced, professional and knowledgeable. For more information, visit www.plazabank.com.

Forward-Looking Statements
 Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbors created by that Act. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements are based on currently available information, expectations, assumptions, projections, and management's judgment about the Bank, the banking industry and general economic conditions. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.

Forward-looking statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this press release. Factors that might cause such differences include, but are not limited to: the Bank's ability to successfully execute its business plans and achieve its objectives; changes in general economic, real estate and financial market conditions, either nationally or locally in areas in which the Bank conducts its operations; changes in interest rates; new litigation or claims or changes in existing litigation or claims; future credit loss experience; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Bank's operations or business; loss of key personnel; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; and the ability to satisfy requirements related to the Sarbanes-Oxley Act and other regulation on internal control.