MERGER ANNOUNCED 3/3/2009!
http://www.fbbh.com & www.ofscapital.com
Beverly Hills Bancorp Inc. and Orchard First Source Asset Management, LLC Announce Merger Agreement
About Beverly Hills Bancorp
Beverly Hills Bancorp Inc. is a financial holding company and conducts its banking and lending operations through its primary subsidiary, First Bank of Beverly Hills. The Bank focuses on niche products, including the origination and acquisition of commercial and multi-family real estate loans. The Bank's principal funding sources consist of certificates of deposit, borrowings from the Federal Home Loan Bank of San Francisco and repurchase agreements with major investment banks. The Bank is a California state-chartered commercial bank and is regulated by both the Federal Deposit Insurance Corporation and the California Department of Financial Institutions.
About Orchard First Source
Orchard First Source Asset Management (OFS) is a privately-owned company focused on providing senior secured financing to middle market commercial and industrial companies in the United States. Established in 1995, OFS provides cash flow and asset-based financing solutions to its commercial and industrial corporate borrowers through a team of experienced lenders.
Since its inception, OFS has originated, structured and managed over 600 middle market loan transactions aggregating in excess of $8 billion. OFS operates primarily through its headquarters in Rolling Meadows, IL and maintains additional offices in Los Angeles and New York.
$488,464 as of Mar 2, 2009
Outstanding Shares 18,787,094 as of Oct 31, 2008
Number of Share Holders of Record 70 as of Mar 17, 2008