8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 25, 2015

CU BANCORP

(Exact name of registrant as specified in its charter)

California	001-35683	90-0779788
(State or other jurisdiction of incorporation)	Commission File Number	(I.R.S. Employer Identification No.)

818 W. 7th Street, Suite 220 Los Angeles, California	90017
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (213) 430-7000

(Former name or former address, if change since last report)

Check the appropriate box below if the Form 8-K filing is to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Election of Directors

On August 25, 2015, the Boards of Directors of CU Bancorp (the “Company”) and California United Bank (the “Bank”) voted to increase the size of each Board by one seat, and named Kaveh Varjavand to fill the vacancy created and to serve as a member of the Board of Directors of each of the Company and the Bank. Mr. Varjavand was also named to serve as a member of the Company’s Audit & Risk Committee of the Board of Directors, effective September 1, 2015.

No arrangements exist between the Company, the Bank and Mr. Varjavand or any other person pursuant to which he was selected as a director. There are no transactions in which Mr. Varjavand has an interest requiring disclosure under Item 404(a) of SEC Regulation S-K.

Mr. Varjavand will be compensated in accordance with the Company’s publicly disclosed director compensation policies for non-employee directors.

A copy of the press release relating to this Item 5.02 is furnished as Exhibit 99.1 to this Current Report on Form 8-K. A copy of the press release is also available on the Company’s website at www.cubancorp.com.

Item 9.01

(d) Exhibits

99.1 Press Release Dated August 31, 2015 reporting the appointment of Kaveh Varjavand to the Boards of Directors of CU Bancorp and California United Bank.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

August 31, 2015	CU BANCORP
	/s/ Anita Wolman
	Anita Wolman
	Executive Vice President, General Counsel & Corporate Secretary

Exhibit Index

Exhibit No.	Description
99.1	Press Release dated August 31, 2015 reporting the appointment of Kaveh Varjavand to the Boards of Directors of CU Bancorp and California United Bank.

EX-99.1

Exhibit 99.1

KAVEH VARJAVAND ELECTED TO CU BANCORP BOARD OF DIRECTORS

Los Angeles, CA, August 31, 2015 - CU Bancorp (NASDAQ: CUNB), the parent company of wholly owned California United Bank, today announced that Kaveh Varjavand has been appointed to serve as a Director of CU Bancorp and its subsidiary, California United Bank, effective September 1, 2015.

“We are very pleased to welcome Kaveh to the Boards of CU Bancorp and California United Bank; he has broad experience in financial reporting, risk management and regulatory compliance for the banking industry and will add valuable perspective to our Boards,” said David Rainer, Chairman and CEO of CU Bancorp and California United Bank. “We look forward to benefitting from his knowledge and counsel.”

Varjavand is a highly accomplished accounting and financial professional with 29 years of experience in the financial services industry, including 19 years in public accounting, during 14 of which he was a financial services partner.

Varjavand is the founder and president of AARCS LLC (Accounting, Audit, and Reporting Consulting Services), established in 2013, which provides consulting services to community banks in the areas of financial reporting, risk management, regulatory compliance, and governance, among others. From 2006 to 2013, he was the Partner-in-Charge of the Southern California Financial Services Group at Moss Adams LLP, where he was responsible for all aspects of client service and practice development related to financial services clients in Southern California. In 1990 Varjavand joined the audit staff at KMPG LLP, and served there as an audit partner from 1999 to 2006. He left KMPG for four years from 1994 to 1998 to work in the banking industry: from 1994 to 1997 he served as Vice President, Corporate Planning & Internal Asset Review, at Coast Federal Bank, an $8 billion savings bank; from 1997 to 1998, he served as First Vice President, Planning & Analysis at California Federal Bank, a $60 billion savings bank.

He is a member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants.

Varjavand earned a bachelor’s degree in accounting with a minor in economics from the University of Kentucky.

About CU Bancorp and California United Bank

CU Bancorp is the parent of California United Bank. Founded in 2005, 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 its headquarters office in Downtown Los Angeles and additional full-service offices in the San Fernando Valley, the Santa Clarita Valley, the Conejo Valley,

Simi Valley, Los Angeles, South Bay, Orange County and the Inland Empire. California United Bank is an SBA Preferred Lender. 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 Company’s website at www.cunb.com.

Contacts

CU Bancorp

David Rainer, 818-257-7776

Chairman and CEO