Glendale, CA–(HISPANIC PR WIRE – BUSINESS WIRE)–October 23, 2007–Manuel Remon, Chairman of Americas United Bank (AUB) (OTCBB:AUNB), announced today that Raul Porto has joined the bank’s Board of Directors. Mr. Porto is an organizer and founder of AUB, and has been a staunch supporter of the bank since its inception in November 2006.
Mr. Remon stated, “Anyone who lives in Glendale and in the surrounding communities knows of Raul Porto, his family and the famous Porto’s Bakery. What people may not know is that Raul is extremely active in the Glendale and Burbank communities and is known for his numerous contributions to the local area. We are delighted and proud to add Raul’s vision and wisdom to our already impressive Board of Directors.”
“I have observed the impressive growth of Americas United Bank very closely since its inception,” stated Raul Porto. “The bank has built the capabilities to solve the many financial challenges facing the small to mid-size business communities, and has listened carefully to the suggestions of its customers and founders to ensure a consistent and value-added approach in the way it conducts business. I am honored that this elite group considers me worthy to be a member of their Board of Directors.”
Porto’s Bakery represents an “American Dream” success story. A business that began in the Porto’s home soon after arriving from Cuba in 1969 has grown continually to become one of the leading bakeries in the country. Today, with over 400 employees, Raul Porto attributes the company’s growth to constant innovation. Both Raul and his sisters have worked at the bakery since they were kids and they credit their parents for the entrepreneurial spirit it took to form the bakery and for teaching them the importance of character, hard work, and giving back to the community. Raul has a degree in Business Management and has always been interested in banking.
AUB President and CEO Gil Dalmau stated, “The bank has been uniquely built to serve the surging Hispanic business and professional communities, and the addition of Raul Porto to our Board of Directors clearly enhances our efforts in being the premier banking solution within these markets. Raul’s energy, business acumen and visibility within the community will be very accretive to the bank’s success. We are extremely excited to have him formally on our team.”
About Americas United Bank
Americas United Bank (AUB) opened its doors for business in Glendale as a State-Chartered financial institution on November 6, 2006. It is the first primarily Hispanic-owned bank to open in the state of California in over thirty years.
Founded by a group of respected and successful business leaders (primarily from the Hispanic community), AUB is a full-service commercial bank that provides business and personal banking products and services, including business and real estate loans, SBA loans, lines of credit, corporate debit & credit cards, international trade solutions, and more.
AUB’s founders understand from first-hand experience that locally-owned banks with local decision-making power are critical to business growth. AUB represents the bridge between companies and their business dreams. It provides the working capital they need to succeed in addition to offering attractive loan terms that make expansion and capital improvements more feasible. AUB is a bank made up of business people for business people. The business-minded founders of AUB recognize that the bank’s success will be driven by the success of its customers.
For more information on the Bank, please visit http://www.aubank.com or call 818-637-7000.