LOS ANGELES--(BUSINESS WIRE)--
California United Bank (“CUB” or “the Company”), a subsidiary of CU Bancorp (NASDAQ: CUNB), today announced that the California United Bank 9th Annual Golf Tournament, held September 26, 2016, at the Sherwood Country Club, netted more than $200,000 to be distributed to four local charities.
"I’m very pleased to announce that CUB’s 2016 tournament was our fourth consecutive tournament to raise more than $200 thousand," said David Rainer, Chairman and CEO of California United Bank. “I’m proud to report we have raised and distributed a total of more than $1.6 million to local charitable organizations through these nine tournaments. Since our founding in 2005, a key component of our mission has been to make a difference and be a positive, enriching influence in the communities that we serve. We owe the success of our tournament to the generous support of friends, business associates and tournament participants, as well as the dedication of CUB volunteers who organize and staff the event."
Ken Cosgrove, Vice Chairman of California United Bank, was honored at the event with the CUB Community Service Award for his dedication to philanthropy and community service. His supporters filled the Sherwood Clubhouse to capacity and contributed to this year’s success through their participation in a live auction, and contributions to the "I Choose to Make a Difference" campaign.
This year’s proceeds will benefit the Boys & Girls Club of the West Valley, Carousel Ranch, A Place Called Home and SHAWL (Support for Harbor Area Women’s Lives).
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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