BNET Industries

First Regional Bancorp

(FRGB) is in the Financial Services Industry

Market Cap:$5.4M
Last Fiscal Year Sales:$182.8M
  • Public
  • US
Dow Jones Description

First Regional Bancorp (the "Company") maintains its principal executive offices at 1801 Century Park East, Los Angeles, California 90067. The Company was incorporated in California as Great American Bancorp on February 18, 1981 for the purpose of becoming a bank holding company and acquiring all of the outstanding common stock of First Regional Bank (the "Bank"), formerly Great American Bank, a state-chartered bank headquartered in Los Angeles (Century City), California. The reorganization of the Bank was accomplished on March 8, 1982, under the terms of a Plan of Reorganization and Merger Agreement dated October 15, 1981, providing for the merger of a Company subsidiary with the Bank, with the Bank being the surviving entity in the merger. As a result of the Bank's reorganization, the Bank's outstanding shares were exchanged on a one-for-one basis for shares of the Company's Common Stock, and the Company became the sole shareholder of the Bank. Prior to acquiring the Bank, the Company did not conduct any ongoing business activities. The Company's principal asset is the stock of the Bank and the Company's primary function is to coordinate the general policies and activities of the Bank, as well as to consider from time to time, other legally available investment opportunities. Both the Company and the Bank changed their names from Great American to First Regional in 1987 as part of an agreement with another financial institution.

President and Chief Executive Officer and Director
H. Anthony Gartshore
Number of Employees 288
Contact Information

1801 Century Park E

Los Angeles, California 90067

firstregional.c...

(310) 552-1776

NAICS Code Offices of Bank Holding Companies: 551111

Recent Events

  • First Regional Bancorp revises Q3 loss, predicts tax recovery in Q4

    11/24/09 - Financial Announcement - View Story

  • First Regional Bancorp Reports Operating Results for Second Quarter and First Half of 2009

    7/30/09 - Financial Announcement - View Story

News & Analysis

first regional bancorp - All News and Analysis

Decision Makers

Name (plus bio) Position
H. Anthony Gartshore President and Chief Executive Officer and Director
Jack A. Sweeney Chief Executive Officer
Elizabeth Thompson CFO
Steven J Sweeney General Counsel of The Company and Executive Vice President and General Counsel of The Bank
Jennifer Goldstein Vice President
Marilyn J Sweeney Director of the Bank
Thomas McCullough Secretary

Board of Directors

Name (plus bio) Position
Gary Horgan Chairman of The Board
Fred M. Edwards Board of Directors
Lawrence J. Sherman Vice Chairman
Richard E. Schreiber Board of Directors

Organization Position Status
First Regional Bancorp President and Chief Executive Officer and Director Current

Organization Position Status
First Regional Bancorp Chief Executive Officer Current
First Regional Bancorp Chairman Current

Organization Position Status
First Regional Bancorp CFO Current
First Regional Bancorp Principal Accounting Officer Former

Steven J. Sweeney was appointed a Director of the Company's subsidiary, First Regional Bank, in May 2003. Mr. Sweeney became the Bank's Executive Vice President and General Counsel effective July 2003, and was later appointed General Counsel of First Regional Bancorp.

Organization Position Status
First Regional Bancorp General Counsel of The Company and Executive Vice President and General Counsel of The Bank Current
First Regional Bancorp General Counsel Current
First Regional Bancorp Director of The Company's Subsidiary Former

Jennifer Goldstein is a Vice President at First Regional Bank. At First Regional she enjoys working with businesses to achieve their banking and financial goals. She moved to Los Angeles about ten years ago from Utah. She loves the South Bay, ?I felt right at home the minute I moved here?. Jennifer has been married to Steve Goldstein for five years and moved to the South Bay about the same time. They are the founders of Payroll Management Solutions, a payroll service provider. She is a mother of three boys ages 26, 23 & 20 and two granddaughters. Jennifer's community activities include Manhattan Beach WIB, Sandpipers and Board Member for the Volunteer Center. ?I love being involved in my community and feeling like I make a difference?. Not too long ago Jennifer ran in the Marine Corp Marathon in Washington DC in support of APLA. "I decided to do the Marathon to help people with AIDS and also to show that I could set a goal like that after "40" and reach it.

Organization Position Status
First Regional Bancorp Vice President Current
Mbwib Women In Business Chair Current

Organization Position Status
First Regional Bancorp Director of the Bank Current
First Regional Bancorp Board of Directors Current

Organization Position Status
First Regional Bancorp Secretary Current
First Regional Bancorp Director Current

Gary M. Horgan, Esq. is an attorney who has specialized in representing financial institutions since 1974. Mr. Horgan's firm represents some 35 community banks in California and Nevada and has served as legal counsel for a number of start-up banks. Since 1997, Mr. Horgan has served on the Board of Directors of First Regional Bank and its holding company, First Regional Bancorp, for which he has served as counsel since the bank's formation in 1978. Mr. Horgan lives in Ojai where his wife, Mary Sue Horgan, is a member of the City Council and serves on various County government committees. Mr. Horgan is on the Board of Trustees of Monica Ros School and was on the Steering Committee for the successful passage of a $15 million school bond issue for the Ojai Unified School District. Mr. Horgan and his wife are involved with various civic organizations in Ojai including the Ojai Land Conservancy and the Friends of the Ojai Library Foundation.

Organization Position Status
County Commerce Bank Legal Counsel Current
First Regional Bancorp Chairman of The Board Current
Monica Ros School Board of Directors Current
County Commerce Bank Board of Directors Current

Organization Position Status
First Regional Bancorp Board of Directors Current

Organization Position Status
First Regional Bancorp Vice Chairman Current

Organization Position Status
First Regional Bancorp Board of Directors Current
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     FRGB $0.46 -0.05 (-10.08% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 101,234
Shares Outstanding 11.84M
Market Cap 5.4M
Year High 4.25
Year Low 0.372
Earnings Per Share -2.61
P/E Ratio -0.18
Dividend N/A
Yield N/A
IndustryTop Rated

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