Rick Saulsbury Joins American Security Bank

Tom L. Dobyns, President/CEO of American Security Bank, announced today that Richard “Rick” Saulsbury has joined the Bank’s management team. Mr. Saulsbury has accepted the position of Senior Vice President and Manager of the Bank’s headquarters office in Newport Beach.

Rick is a seasoned business banker whose career spans 31 years and has included positions of increasing responsibility with financial institutions including: Citizens Business Bank, Pacific Mercantile Bank, Comerica Bank and First Interstate Bank. He has developed and led many successful commercial lending teams providing financing to middle market businesses in Orange County.

Commenting on Mr. Saulsbury’s appointment, Tom L. Dobyns, CEO, said, “Rick is an experienced banking professional possessing a strong commercial lending background, with a history of building and leading successful teams. As a local resident, Rick also has a personal investment in Newport Beach and its surrounding communities. We are confident that this combination will greatly benefit the Bank and the local business community, and feel extremely fortunate to have Rick as part of the American Security Bank team.”

American Security Bank has assets totaling $431 million (as of March 31, 2010). It operates full-service banking offices in Newport Beach, Laguna Niguel, Apple Valley (Jess Ranch and Spirit River), Lancaster, Victorville and Corona. Two loan production offices serve Orange County and the city of Palmdale; giving the Bank a footprint in four counties: Los Angeles, Orange, Riverside, and San Bernardino.