LOS ANGELES--(BUSINESS WIRE)--

California United Bank (“CUB” or “the Company”), a subsidiary of CU Bancorp (NASDAQ: CUNB), today announced that Karen Schoenbaum, Executive Vice President and Chief Financial Officer of California United Bank and CU Bancorp, has been appointed to the Board of Directors of LAUP. She will also serve as Chair of the organization’s Finance Committee.

“We congratulate Karen on her appointment to the LAUP Board of Directors,” said David Rainer, Chairman and CEO of California United Bank and CU Bancorp. “Karen brings expertise in financial planning, budgeting and reporting, as well as extensive executive experience to the LAUP Board and Finance Committee.”

Schoenbaum joined CUB in 2009. Before that, she served as Executive Vice President and Chief Financial Officer of several Los Angeles-area banks, with assets up to $6 billion, where she was responsible for Financial and Regulatory Reporting, Accounting, Treasury, Asset and Liability Management, General Services, the Corporate Real Estate department and technology. Prior to that, she worked at the Big 4 accounting firm, EY, from 1985 to 1992.

Schoenbaum serves as a director of the University of Southern California’s Leventhal Board of Advisors, is a past president of the University of Southern California’s Accounting Circle, and is currently a director of the Los Angeles EY Alumni Association.

LAUP was founded with the mission to advance early learning program quality by supporting the development of the whole child, growing a qualified and diverse workforce and strengthening family engagement. Over the last 12 years, the nonprofit organization has helped over 700 early learning providers elevate their program quality and prepare over 130,000 young children for kindergarten and beyond.

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, 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 Web site at www.cunb.com.

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