California United Bank Helps Hansen Engineering Emerge as Industry Leader
California United Bank Helps Hansen Engineering Emerge as Industry Leader
Leading airplane parts manufacturer expands business to be a larger, more diverse supplier to its customers
ENCINO, Calif.--(BUSINESS WIRE)-- California United Bank ("CUB" or "the Company"), a subsidiary of CU Bancorp (NAS: CUNB) , today announced the expansion of their banking relationship with Hansen Engineering, a leading parts manufacturer for commercial and military airplanes.
"With the increased demand for the Boeing 767 and the introduction of the 787, our business has grown significantly in an extremely short period of time," commented Hansen Engineering CEO, Jody Lay. "Not only has CUB's quick approval process enabled us to meet the demand in a timely manner, it has allowed us to move from a simple parts manufacturer to a large scale assembly resource for our clients."
By reducing set-up times on production runs from an average of 8 hours to an average of 45 minutes, Hansen Engineering has also established itself as a High-Speed Precision Machining industry leader in both delivery and quality performance. With worldwide travel demand reaching an all-time high, Hansen Engineering is well positioned to be the supplier of choice for even more companies. "It is really exciting to see one of our clients set industry standards by making all the right decisions during an intense growth phase. We are proud to be able to assist them along their path," commented David Wisen, California United Bank Senior Vice President.
"We continue to be grateful to David Wisen and California United Bank," concluded Mr. Lay. "We simply could not have grown this fast, and this successfully, without them."
About CU Bancorp and California United Bank
CU Bancorp is the parent of California United Bank which was founded in 2008 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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