First Choice Bank, Cerritos, CA Receives Financial Education Innovation Award Presented by NASDAQ and EverFi

CERRITOS, Calif.–(BUSINESS WIRE)–First Choice Bank (OTCQX:FCBK) was honored at the second annual Innovation
in Financial Education Awards
presented by NASDAQ and EverFi. The
award recognizes First Choice Bank’s significant efforts to improve the
financial capability of Americans through unique digital learning
initiatives. Thirty-five institutions were honored with this distinction
at a ceremony hosted on April 6 at NASDAQ Marketsite in New York City.

Honorees were selected based on a set of criteria that included the
scale and reach of their financial education initiatives, the duration
of their commitment, and unique employee volunteering activities that
supplement their programs.

“Helping students and adults develop a foundation of financial
understanding and capability is absolutely critical,” said EverFi
Founder and CEO Tom Davidson. “The organizations we’re recognizing here
today are tackling this issue head on and taking positive steps to
prepare millions of individuals with the critical financial management
skills needed to move our country forward.”

First Choice Bank is committed to providing students with the skills and
knowledge needed to successfully navigate the increasingly complex
financial world we live in. First Choice Bank has partnered with EverFi
to bring Financial Literacy to two area high schools, Pasadena and
Anaheim, at no cost to the schools or taxpayers, and has reached over
1,287 students since first implementing the program in 2015, and expects
the schools to have more participation during the 2016 school year. The
web-based program uses the latest in simulation and gaming technologies
to bring complex financial concepts to life for today’s digital

First Choice Bank’s President/CEO Robert M. Franko believes that
integrating financial education into our school systems and reaching
these young people at such a pivotal point in their development and
financial lives is so gratifying. The bank is a true supporter of the
EverFi program, and by providing this educational opportunity it will
better prepare our local students for the financial challenges they are
likely to encounter in higher education and the workplace. Recent
research suggests that students who receive financial education achieve
significantly higher savings and net worth later in life. We value our
partnership and commitment to providing this resource to the schools we
sponsor and believe this experience not only benefits the students, but
also the employees of the bank who have the opportunity to interact and
see the benefit through working and listening to the students that have
completed the program.

While more states are implementing standards in personal finance, only
17 states require high school students to take a course in personal
finance, according to the Council for Economic Education (CEE). First
Choice Bank partners with EverFi to implement its High School Financial
Literacy Program in a co-curricular basis, providing students with the
opportunity to develop healthy financial attitudes and behaviors in a
classroom setting. Data collected from nearly 1,287 students who
completed the First Choice Bank Financial Literacy Program in the
2015-2016 academic year revealed that students’ financial understanding
increased substantially after interacting with the curriculum.

Administered by teachers in a classroom setting, the web-based course
offers over six hours of programming on a variety of financial topics
including credit scores, insurance, credit cards, student loans,
mortgages, taxes, stocks, savings, 401k’s and other critical concepts
that map to national financial literacy standards. The platform uniquely
tracks the progress and performance of every student.

About First Choice Bank

Established in August 2005, First Choice Bank is a full-service
community bank offering personalized service, commitment to the
community, and sound management. They offer a variety of products and
services such as: competitive rates, innovative banking services,
commercial real estate loans as well as acquisition, development and
construction financing.

But they don’t stop with products. Delivering excellent customer service
is at the top of their list as they want to give every customer an
extraordinary customer service experience every time they come in the
bank. Our motto is First in Speed Service Solutions. They believe
that just doing what’s expected is not enough. The management team,
lending staff, and customer associates are all seasoned bankers with an
abundant appreciation for their customers. To learn more, visit:


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across six continents. Through its diverse portfolio of solutions,
Nasdaq enables customers to plan, optimize and execute their business
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As the creator of the world’s first electronic stock market, its
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of the world’s securities transactions. Nasdaq is home to more than
3,700 listed companies with a market value of approximately $9.6
trillion and nearly 10,000 corporate clients. To learn more, visit:

About EverFi

EverFi, Inc. is the leading education technology company focused on
teaching, assessing, and certifying K-12 and college students in the
critical skills they need for life. The company teams with major
corporations and foundations to provide the programs at no cost to K-12
schools. Some of America’s leading CEOs and venture capital firms are
EverFi investors, including Amazon founder and CEO Jeff Bezos, Twitter
founder Evan Williams, and Google Chairman Eric Schmidt. Learn more at


First Choice Bank
Robert M. Franko, 562-345-9241
President &
Chief Executive Officer
Yvonne L. Chen, 562-345-9244
Financial Officer