First Choice Bancorp Congratulates FIGS, Inc. for Receiving the Ernst & Young Entrepreneur Year® 2018 award for Emerging Entrepreneur

CERRITOS, CALIFORNIA, July 09, 2018 (GLOBE NEWSWIRE) -- (Nasdaq Capital Markets: FCBP) - First Choice Bancorp, the holding company for First Choice Bank (the “Bank”), congratulates Heather Hasson, Co-CEO, and Trina Spear, Co-CEO, of FIGS, Inc. (“FIGS,” and the “Company”) in Los Angeles, California, for receiving the Ernst & Young Entrepreneur Of The Year® 2018 award for Emerging Entrepreneur.

FIGS has redefined the way medical professionals think and feel about their attire by creating exceedingly high-quality medical apparel. With product integrity at the forefront of the Company standard, Hasson and Spear have created fashion-forward, tailored medical scrubs with technically innovative fabric: antimicrobial, wrinkle-resistant, liquid-repellent, lightweight and pleasantly soft – unlike the scratchy, boxy scrubs healthcare professionals have worn historically. The user-friendly, direct-to-consumer, ecommerce platform has changed the purchasing behavior of nearly one in nine Americans who work in the healthcare industry.

In addition, FIGS strives to make an impact in the lives of medical professionals around the world. Through its Threads for Threads initiative, FIGS has donated over half a million sets of scrubs to healthcare providers in need in over 35 countries.

“We’re happy to have found a partner in First Choice Bank, who truly understands FIGS’ commitment to producing the best products in the world and improving the lives of those who spend their lives serving others. We look forward to a long and fulfilling relationship with First Choice Bank,” said Trina Spear, Co-CEO and Co-Founder.

Nicole Swain, Chief Banking Officer at First Choice Bank, said, “We, too, look forward to continuing our partnership with FIGS, Inc.  It is our honor to support and serve community business leaders like Heather and Trina with banking solutions tailored to their business and their customers.”  

About First Choice Bancorp

First Choice Bancorp is the registered bank holding company for First Choice Bank. First Choice Bank, headquartered in Cerritos, California is a community-focused financial institution, serving diverse consumers and commercial clients and specializing in loans to small businesses, private banking clients, commercial and industrial (C&I) loans, and commercial real estate loans with a niche in providing finance for the hospitality industry. First Choice Bank is a Preferred Small Business Administration (SBA) Lender. Founded in 2005, First Choice Bank has quickly become a leading provider of financial services that enable our customers to grow, maintain strength, and achieve their business objectives. We strive to surpass our clients’ expectations through our efficiency and professionalism and are committed to being “First in Speed, Service, and Solutions.” First Choice Bancorp stock is traded on the Nasdaq Capital Market under the ticker symbol “FCBP”.

First Choice Bank’s website is .

FORWARD-LOOKING STATEMENTS

Except for the historical information in this news release, the matters described herein contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties that could cause actual results to differ materially. Such risks and uncertainties include: the credit risks of lending activities, including changes in the level and trend of loan delinquencies and charge-offs, results of examinations by our banking regulators, our ability to maintain adequate levels of capital and liquidity, our ability to manage loan delinquency rates, our ability to price deposits to retain existing customers and achieve low-cost deposit growth, manage expenses and lower the efficiency ratio, expand or maintain the net interest margin, mitigate interest rate risk for changes in the interest rate environment, competitive pressures in the banking industry, access to available sources of credit to manage liquidity, the local and national economic environment, changes in interest rates, legislative/regulatory changes, monetary and fiscal policies of the United Sates government including policies of the United States Treasury and the Board of Governors of the Federal Reserve Bank, the quality and composition of the loan and securities portfolios, demand for loan products, deposit flows, demand for financial services in our market area, implementation of new technologies, our ability to develop and maintain secure and reliable electronic systems, changes in accounting principles, policies and guidelines, and other risks and uncertainties.  Accordingly, undue reliance should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this release. First Choice Bank and First Choice Bancorp undertake no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.