-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TvfKZLTmD9qteod7tLA6Bn3MhNdIFU+PtcvNvUvjMNMAlkAykUeHLV9/jeFkJUii 4IWMEKpSt5xJgrpRW1decA== 0001104659-08-034323.txt : 20080519 0001104659-08-034323.hdr.sgml : 20080519 20080519152110 ACCESSION NUMBER: 0001104659-08-034323 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20080519 DATE AS OF CHANGE: 20080519 EFFECTIVENESS DATE: 20080519 FILER: COMPANY DATA: COMPANY CONFORMED NAME: 1st Century Bancshares, Inc. CENTRAL INDEX KEY: 0001420525 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 261169687 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 000-53050 FILM NUMBER: 08845104 BUSINESS ADDRESS: STREET 1: 1875 CENTURY PARK EAST STREET 2: SUITE 1400 CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: 310-270-9500 MAIL ADDRESS: STREET 1: 1875 CENTURY PARK EAST STREET 2: SUITE 1400 CITY: LOS ANGELES STATE: CA ZIP: 90067 DEFA14A 1 a08-14327_2defa14a.htm DEFA14A

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 14A

 

Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No.     )

 

Filed by the Registrant  x

 

Filed by a Party other than the Registrant  o

 

Check the appropriate box:

o

Preliminary Proxy Statement

o

Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

o

Definitive Proxy Statement

x

Definitive Additional Materials

o

Soliciting Material Pursuant to §240.14a-12

 

1ST CENTURY BANCSHARES, INC.

(Name of Registrant as Specified In Its Charter)

 

 

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

 

Payment of Filing Fee (Check the appropriate box):

x

No fee required.

o

Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.

 

(1)

Title of each class of securities to which transaction applies:

 

 

 

 

(2)

Aggregate number of securities to which transaction applies:

 

 

 

 

(3)

Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):

 

 

 

 

(4)

Proposed maximum aggregate value of transaction:

 

 

 

 

(5)

Total fee paid:

 

 

 

o

Fee paid previously with preliminary materials.

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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

 

(1)

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(3)

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(4)

Date Filed:

 

 

 

 



 

 

May 16, 2008

 

Waheed Hassan, CFA

RiskMetrics Group

2099 Gaither Road

Rockville, MD 20850

 

Dear Mr. Hassan:

 

I am forwarding to you certain “peer group” information that was referenced during the discussion today. Please let us know if there is any other information that we can provide.

 

Sincerely,

 

 

Alan Rothenberg

CEO, Chairman of the Board

1st Century Bancshares

 

1ST CENTURY BANCSHARES, INC.

1875 Century Park East, Suite 1400 · Los Angeles, CA 90067 · MAIN: (310) 270-9500 · FAX: (310) 270-9599 · www.1stcenturybank.com

 



 

Selected Financial Performance

 

Class of 2004

De Novo Banks In California

 

Name (City)

 

 

 

12/31/2007 
Total Assets 
(000s)

 

12/31/2007 
Total Deposits 
(000s)

 

2006 
Total Deposits 
(000s)

 

12/31/2007 
Sh. Equity 
(000s)

 

12/31/2007 
Undivided Profits 
(000s)

 

12/31/2007 
Net Income 
(000s)

 

2006 
Net Income 
(000s)

 

12/31/2007 
Return On 
Average 
Assets

 

12/31/2007 
Return On 
Average 
Equity

 

12/31/2007 
Loans/
Deposits

 

Initial 
Capital 
(000s)

 

1st Century Bank, N.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Los Angeles, CA

 

 

 

223,855

 

161,192

 

145,087

 

58,812

 

(4,799)

 

2,912

 

53

 

1.4%

 

5.2%

 

106.8%

 

26,400

 

Bank of Santa Clarita

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Santa Clarita, CA

 

 

 

144,150

 

110,285

 

87,994

 

18,550

 

(3,360)

 

(331)

 

(592)

 

(0.3)%

 

(1.8)%

 

111.4%

 

13,700

 

Bay Commercial Bank

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Walnut Creek, CA

 

 

 

90,710

 

89,793

 

60,428

 

15,238

 

(403)

 

1,207

 

226

 

1.5%

 

8.3%

 

114.3%

 

15,400

 

Beach Business Bank

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manhattan Beach, CA

 

 

 

213,993

 

172,685

 

98,576

 

37,386

 

(63)

 

595

 

1,046

 

0.3%

 

1.6%

 

109.1%

 

10,700

 

Charter Oak Bank

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Napa, CA

 

 

 

106,678

 

88,558

 

61,583

 

15,935

 

(2,566)

 

46

 

(321)

 

0.1%

 

0.3%

 

102.9%

 

17,600

 

Independence Bank

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Newport Beach, CA

 

 

 

383,045

 

229,025

 

187,613

 

34,776

 

(993)

 

1,652

 

791

 

0.5%

 

4.9%

 

146.2%

 

8,500

 

Mother Lode Bank

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sonora, CA

 

 

 

67,393

 

58,745

 

55,314

 

8,363

 

(1,830)

 

(301)

 

(174)

 

(0.5)%

 

(3.6)%

 

80.0%

 

7,600

 

Pacific Valley Bank

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Salinas, CA

 

 

 

160,785

 

139,202

 

84,946

 

17,781

 

(4,984)

 

(2,499)

 

(736)

 

(1.9)%

 

(13.4)%

 

77.4%

 

12,300

 

Point Loma Community Bank

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

San Diego, CA(1)

 

 

 

56,436

 

49,140

 

36,674

 

7,193

 

(807)

 

167

 

197

 

0.3%

 

2.4%

 

101.0%

 

8,000

 

Redwood Capital Bank

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Eureka, CA

 

 

 

128,708

 

117,233

 

91,757

 

10,920

 

(1,356)

 

879

 

750

 

0.8%

 

8.9%

 

88.9%

 

11,000

 

Santa Cruz County Bank

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Santa Cruz, CA

 

 

 

160,369

 

139,009

 

112,982

 

19,151

 

204

 

980

 

2,275

 

0.7%

 

5.3%

 

82.0%

 

13,200

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

157,829

 

121,352

 

 

 

 

 

 

 

482

 

 

 

0.7%

 

5.0%

 

 

 

 

 

 

 

Median

 

144,150

 

117,233

 

 

 

 

 

 

 

595

 

 

 

0.5%

 

4.9%

 

 

 

 

 

 


(1) Majority owned by Capital Bancorp, Lansing. Michigan · - part of a multi-bank holding company structure.

 


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