California United Bank's Investment Improves the Quality of Life for Sylmar Residents

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California United Bank's Investment Improves the Quality of Life for Sylmar Residents

First new shopping center in more than 30 years adds much needed services in Sylmar


SYLMAR, Calif.--(BUSINESS WIRE)-- California United Bank (CUB), a subsidiary of CU Bancorp (NAS: CUNB) , provided financing to Extra Hubbard, LLC to develop the new Hubbard Shopping Center in Sylmar, and, after opening only seven months ago, the center is having a significant, positive impact on the community by providing new and upgraded services.

"We knew the first year would be important and the fact that we will soon be at 90% occupancy truly shows how the residents have embraced the center," noted Extra Hubbard, LLC co-owner, Albert Gonzalez, Sr. Located at 14117 Hubbard Street and encompassing 20,000 square feet, the center includes a family medical clinic, a bakery, a barbershop, the office of LA City Council District 7 member Richard Alarcon, and, opening soon, a new sushi restaurant.

"I grew up in Sylmar and I will always be grateful to California United Bank for allowing me the opportunity to give back to my community," continued Mr. Gonzalez. "Simply put, this center does not get built without CUB."

The center is also home to Mr. Gonzalez' own Mexican restaurant, Casa Torres. "When people enter our new restaurant, they are simply amazed at the elegance that we have added to this community," added Rafael Torres, Extra Hubbard, LLC's other co-owner. "They can't believe that a place like this exists here in Sylmar. We are extremely proud of that."

"At California United Bank, we pride ourselves on really getting to know the people, as well as the most intricate details, involved in any potential new opportunity," commented CUB Executive Vice President, William Sloan. "Not only did we believe in Mr. Gonzalez, but we saw what a positive impact, in terms of new services, new jobs, and community spirit that his vision would have on Sylmar. Once we saw that, it was an easy decision to support this center."

About CU Bancorp and California United Bank

CU Bancorp is the parent of California United Bank which was founded in 2005 and is the largest independent bank headquartered in the San Fernando Valley. California United Bank provides a full range of financial services, including credit and deposit products, cash management, and internet banking to businesses, non-profits, entrepreneurs, professionals and investors throughout Southern California from offices in the San Fernando Valley, the Santa Clarita Valley, the Conejo Valley, Simi Valley, Los Angeles, South Bay, and Orange County. To view CU Bancorp's most recent financial information, please visit the Investor Relations section of the Company's Web site. Information on products and services may be obtained by calling (818) 257-7700 or visiting the Bank's Web site at www.cunb.com.



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