-----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, UxDtGwC3SlRjIB+J5lUi2eeRfx/AyXJRLHjyUBh7gkyTGWrecQJkuH76STWqCU5s V67cratOreH656gPqlPU5A== 0001104659-09-018158.txt : 20090504 0001104659-09-018158.hdr.sgml : 20090504 20090317120137 ACCESSION NUMBER: 0001104659-09-018158 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20090317 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: CORRESP 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 CORRESP 1 filename1.htm

 

 

March 17, 2009

 

Amit Pande

Accounting Branch Chief

Division of Corporation Finance

United States Securities and Exchange Commission

Washington, D.C. 20549

 

Re:

 

1st Century Bancshares, Inc.

 

 

Form 10-K for the Fiscal Year Ended December 31, 2007

 

 

Forms 10-Q for the Quarterly Periods Ended March 31, 2008, June 30, 2008, and September 30, 2008

 

 

File No. 000-53050

 

 

 

 

 

We have received your comments dated February 17, 2009 and below are our responses to your comments.

 

Form 8-K filed February 3, 2009

 

Exhibit 99.1 — Press Release dated February 3, 2009

 

We stated in the Form 8-K referenced above that the total non-performing assets are estimated to be approximately $5.9 million at December 31, 2008.  We have disclosed the nature of these non-performing assets and described the reasons for the significant increase in non-performing assets in the fourth quarter of 2008 in the Form 10-K for the year ended December 31, 2008.  The disclosures are in the Form 10-K, Part II — Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operation — Financial Condition — Nonperforming Assets” and Part II — Item 8 “Financial Statements and Supplementary Data” — Note 4 “Loans, Non-performing Assets, and Allowance for Loan Losses”.  The Form 10-K was filed on March 10, 2009.

 

Sincerely,

 

 

/s/ Alan I. Rothenberg

 

Alan I. Rothenberg

 

Chairman of the Board and Chief Executive Officer

 

 


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