WCB Holdings, Inc.
21550 Oxnard Street, Suite 100
Woodland Hills, CA 91367
Contact: Carl Raggio
President & Chief Executive Officer
(818) 449-7711
The Formation of WCB Holdings, Inc. Is Completed
Woodland Hills, Calif., September 21, 2007 – On September 17, 2007, WCB Holdings, Inc. and WCB completed the merger agreement as approved by the shareholders on May 16, 2007. WCB is now a wholly-owned subsidiary of WCB Holdings, Inc. and continues to operate at 21550 Oxnard Street, Suite 100, Woodland Hills, California. As a result of the merger, all existing shareholders of WCB automatically become shareholders of WCB Holdings, Inc. and there is no need for shareholders to exchange their stock certificates. Effective September 21, 2007, WCB Holdings, Inc. will be traded under a new stock symbol: (OTCBB:WCBH). Shareholders who currently hold the bank stock, under the old symbol of (OTCBB:WCBC), can trade their shares under the WCB Holdings, Inc.’s symbol of (OTCBB:WCBH).
Carl W. Raggio, III, President and CEO, said “The formation of the holding company, under which WCB will operate, will result in more flexibility for the Company.”
WCB offers a comprehensive selection of deposit and loan products, cash management services as well as SBA-guaranteed loans, and provides financial services to small and mid-sized businesses, entrepreneurs and professionals in the San Fernando Valley, with special expertise in commercial real estate finance.
Regular office hours are Monday through Friday, 9:00 a.m. until 4:00 p.m.
Information on the Bank’s services is available by calling (818) 449-7700 and online at www.westerncommercialbank.com. Information on WCB Holdings, Inc. stock may be obtained from Rick Levenson of Western Financial Corporation at (619) 544-0260.
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