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Two Family-Owned Businesses: One Partnership for the Future

By Maria F. Hunter, Vice President, Long Beach C&I Originally published in the Long Beach Business Journal. Although we’re fully committed to serving all of our clients to the fullest extent possible, businesses with a privately-owned structure are one segment we feel we can passionately serve like other financial institutions cannot. In fact, one family-owned business, RMI International, Inc. (RMI), discovered firsthand the commitment First Bank has to other like-minded organizations. After possessing a long-term relationship with another larger financial services provider, the Rodriguez family sought funding to buy out the entire ownership shares of a silent partner whose involvement no longer made sense and, conversely, was hindering further growth and expansion of the family’s security services’ operations. After interviewing eight other banks and receiving five viable proposals, First Bank was ultimately chosen as their strategic partner. “We truly felt First Ban ...

Yukon Plastering

When Mike Rizzo, owner of Yukon Plastering, Inc., became a client over 40 years ago, First Bank had first opened its branch in our area. “I’ve been with First Bank as far back as I can remember,” said Rizzo. “They’ve been easy to work with and have always been good to me.” Mike and his wife, Linda, have continued to grow their plastering business with an eye toward their long-term goals. Rizzo said, “First Bank has always shown a lot of faith in me with a willingness to stand behind me. They’ve even shown me how to do things to help my business, while encouraging me every step of the way.” Preparing for future growth, Rizzo is contemplating the purchase of commercial real estate for expansion. “First Bank has offered many services to help grow my business,” he said. “I’ve banked elsewhere and its just not the same–they’re fantastic.” “First Bank treats me like an individual.” – Mike R ...

HANNA Winery

Business partners, like First Bank, are important to HANNA Winery. “Partnering with a multi-generational, family-owned business like First Bank works well for us and our long-term outlook,” said Christine Hanna, President/co-owner of HANNA Winery in California. “In the craft of winemaking and nurturing vineyards, a short-term perspective just doesn’t make sense.” Founded in 1985 by Dr. Elias Hanna, a world-renowned cardiac surgeon, long-term First Bank client, and Christine’s father, HANNA Winery handcrafts award-winning varieties. Hanna said there’s a personal aspect to First Bank’s unique approach that goes well beyond just an annual meeting. In addition to trusting First Bank’s Wealth Management Group with their family’s financial legacy, the Hanna’s also rely on First Bank’s business banking expertise. “As a true partner, First Bank is always willing to work with us in both good and not-so-good times,” said Hanna. & ...

PDF Print Communications

When Kevin Mullaney, second-generation owner of PDF Print Communications, a Long Beach business forms printer, was researching a new financial services partner, he knew exactly what his company needed. “I wanted to find a bank that was smaller, offering a more personalized relationship,” Mullaney said. “When I researched banks, I found that First Bank was well-established and family-owned. They’re family-owned just like us. That’s one of the things we liked about First Bank.” PDF Print Communications was started by his father. “As we continue to grow, it feels like First Bank is truly excited to be a part of it,” he continued. “Big decisions are often made right away–often even faster than I need them to be.” Maria Hunter, his First Bank Commercial Relationship Manager, has worked diligently to ensure PDF Print Communications has the tools and credit facilities they need for long-term growth. Mullaney said he was very impressed wit ...

Acquisition, LLC

With ingenuity, experience, and the right partnerships, anything is possible. Just ask the co-founders at PBT Acquisition, LLC, and they’ll tell you the credit goes to the team at First Bank in helping them achieve their collaborative dream of an auto-salvage reclamation and environmental restoration business. “If it wasn’t for their faith in what we’re trying to achieve, none of this would even be possible,” said Thomas Bené, CFO, PBT Acquisition. This unique business model utilizes the latest equipment in metal separation technology to extract various components from an East St. Louis, IL-area auto landfill site. Reclaimed precious metals will then be sold for recycling purposes, while existing environmental hazards are properly disposed into lined containers, per EPA standards. “The experience of PBT Acquisition’s partners are perfectly suited for this unique endeavor,” said Joe Reinmann, of PBT Acquisition. “We combine backgrounds in environm ...

Crescent City Skilled Nursing, Inc.

Guy Reggev, co-owner of Crescent City Skilled Nursing, Inc. First Bank is proud of its partnerships and support of business owners in the communities in which it serves. One such local business owner, Guy Reggev, co-owner and operator of Crescent City Skilled Nursing, Inc. in Crescent City, CA had the vision to buy and operate a nursing home facility. “My partner and I had over 35 years of combined experience in the field,” said Mr. Reggev. “We knew we had the long breadth of experience and expertise to run and manage a skilled nursing home. Also, this area was certainly underserved as this type of long and short-term care wasn’t available within a 60 – 90 minute geographic area.” With convenient access near the hospital, Mr. Reggev knew they had a solid business plan.   However, Mr. Reggev and his partner found that larger financial providers they approached had stringent lending requirements and didn’t have the foresight or agility to provide th ...

Flanagan Paint & Supply

As you know, First Bank celebrates businesses everywhere. We’re so pleased to serve our commu­nities and businesses with stellar products and outstanding service. First Bank has proudly stood in partnership with one such organization, Flanagan Paint & Supply. Originally located in the historic neighborhood of Soulard in St. Louis, MO, Flanagan Paint & Supply has been providing the painting industry with the highest-quality products and services possible for over 65 years. Jim Donnelly became a co-owner of Flanagan in June 2007. In January 2010, Jim purchased the rest of the business and renamed it Flanagan Paint & Supply. First Bank is proud to have partnered with Flanagan for 30 of those 65 years. Jim, and his son, Jay Donnelly, now share in this family-owned business together. “We’ve been with First Bank for many years,” said Donnelly. “Our First Bank business line of credit offers us the peace-of-mind we need while running our own business. We& ...

Just 4 Us Childcare

First Bank Celebrates National Small Business Week (April 30 – May 6) At First Bank, we realize small business is the foundation of growth and prosperity in America. In fact, small business accounts for 66% of all net new job creation, according to the Small Business Association. We celebrate small business! One such First Bank client, Just 4 Us Childcare, is poised for future growth and expansion. Patricia Frank, owner and founder of Just 4 Us Childcare, started her small business with a mission to find a way for parents who couldn't afford the most expensive child care, to still receive solid quality care. Just 4 Us Childcare, now in four locations and nationally accredited, continues to innovate with creative learning solutions for children. “We’ve always lead the industry in staying ahead of the curve and finding the newest and most creative ways to teach our children,” said Frank, “while giving them a safe and fun environment to grow and learn.” She said ...

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