Malaga Financial Corporation (OTCBB:MLGF), the parent company of
Malaga Bank FSB, today announced that Mark Smith, formerly of Beach
Business Bank and Bay Cities National Bank, has accepted the position of
Senior Vice President/Business Banking.
Mr. Smith resides in Palos Verdes Estates, CA with his wife and two
children. He has a long history of local community service, currently
holding board member positions on the South Bay Police & Fire Memorial
Foundation and the Torrance-South Bay Area YMCA.
“We are pleased to announce that Mark Smith has joined our
organization,” commented Randy C. Bowers, President and CEO. “Mark’s 30+
years of experience as a commercial business banker in the South Bay
will contribute to the further growth of our business banking
relationships and geographic expansion. Mark’s personal dedication to
his clients and sense of community spirit reflect those values already
so important to Malaga Bank. His association with the largest community
bank headquartered in the South Bay will allow him increased
opportunities to offer the exceptional customer service and financial
products that we are known for.”
Malaga Bank, a subsidiary of MFC, is a full-service community bank
headquartered on the Palos Verdes Peninsula with five offices located in
the South Bay area of Los Angeles. In its 27th year, Malaga Bank has
been delivering competitive banking services to residents and businesses
of the South Bay, including real estate loan products custom-tailored to
consumers and investors. As the largest community bank in the South Bay,
Malaga is proud of its continuing tradition of relationship-based
banking and legendary customer service. The Bank’s web site is located
at www.malagabank.com.
