October 01, 2016 5:37 AM ET

Banks

Company Overview of 1st Century Bancshares, Inc.

Company Overview

1st Century Bancshares, Inc. operates as the bank holding company for 1st Century Bank, National Association that provides a range of banking services. Its deposits products include business and personal checking, money market, attorney-client trust, and trust accounts, as well as certificates of deposits. The company also offers loans consisting of business and personal lines of credit and term loans; tenant improvement and equipment financing; bridge and/or specific purpose loans; commercial, industrial, multi-family, and 1-4 single family residential real estate loans; and personal home equity loans and lines of credit. In addition, it provides cash management services; debit and credit c...

1875 Century Park East

Suite 1400

Los Angeles, CA 90067

United States

Founded in 2003

80 Employees

Phone:

310-270-9500

Key Executives for 1st Century Bancshares, Inc.

Chief Executive Officer, Chairman, President and Director
Age: 53
Chief Financial Officer, Senior Executive Vice President and Director
Executive Vice President and Executive Vice President of 1St Century Bank N A
Age: 45
Executive Vice President, General Counsel, Corporate Secretary, Executive Vice President of 1st Century Bank, General Counsel of 1st Century Bank and Corporate Secretary of 1st Century Bank
Chief Risk Management Officer, Executive Vice President, Chief Risk Management Officer of 1st Century Bank N A and Executive Vice President of 1st Century Bank N A
Age: 69
Compensation as of Fiscal Year 2016.

1st Century Bancshares, Inc. Key Developments

1st Century Bancshares, Inc. Files Form 15

1st Century Bancshares, Inc. announced that it has filed Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock of par value $0.01 under the Securities Exchange Act of 1934, as amended.

1st Century Bancshares, Inc.(NasdaqCM:FCTY) dropped from NASDAQ Composite Index

1st Century Bancshares, Inc. has been removed from Nasdaq Composite Index.

1st Century Bancshares, Inc. Announces Board Changes

On July 1, 2016, pursuant to the terms and conditions of the Agreement and Plan of Merger dated as of March 10, 2016, among 1st Century Bancshares, Inc., Midland Financial Co. and MC 2016 Corp., a wholly-owned subsidiary of Midland (Merger Sub"), Merger Sub merged with and into 1st Century, with 1st Century being the surviving corporation (the Merger"), and simultaneously with the Merger, 1st Century Bank, National Association, a wholly-owned subsidiary of 1st Century, merged with and into MidFirst Bank, a wholly-owned subsidiary of Midland, with MidFirst Bank being the surviving entity (the Bank Merger"). Immediately following the Merger and Bank Merger, 1st Century, as the surviving corporation in the Merger, merged with and into Midland, with Midland being the surviving corporation. 1st Century Bancshares, Inc. announced that in accordance with the terms of the Merger Agreement, all members of 1st Century's Board of Directors (Alan Rothenberg, Jason DiNapoli, Stanley R. Zax, Lewis Wolff, Nadine I. Watt, Barry D. Pressman, Robert Allen Moore, Alan D. Levy, Eric M. George, Dave Brooks, and William Warren Brien) ceased serving as members of 1st Century's Board of Directors as of the effective time of the Merger. Additionally, the directors of Merger Sub immediately prior to the effective time of the Merger (G. Jeffrey Records, Jr., Todd A. Dobson and Ken R. Clark) became the directors of 1st Century immediately after the effective time of the Merger. In accordance with the terms of the Merger Agreement, the officers of Merger Sub immediately prior to the effective time of the Merger (G. Jeffrey Records, Jr. - Chairman, CEO and President, Todd A. Dobson - Sr. Executive VP, CFO, Gregory A. Schaefer - SVP and H. Timothy Tackett, 1st SVP, Treasurer) became the officers of 1st Century immediately after the effective time of the Merger.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 10, 2016
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