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InterBusiness Bank Announces Name Change
Bold and Healthy Brand Name Reflects Dynamic Ethnic Bank
8/07/2006

ALHAMBRA, California -- InterBusiness Bank, N.A. today announced that it will change its name to TomatoBank, N.A. The name change will take effect August 8, 2006.

The new name draws upon the vision and strategy of TomatoBank Chairman and Chief Executive Officer, Dr. Stephen Liu. According to Dr. Liu, ¡°it has been my mission to place this organization at the forefront of the bank branding revolution. As Chairman, my vision and strategy for our bank has always been to be different than other business banks. Too often customers and the business community consider all banks the same. These banks are not specifically recognized. So what is the value of an organization when it is not recognized? TomatoBank is hard to forget. The name is bold and different yet it is simple, clean, and healthy. These are all attributes that describe our organization.

TomatoBank, Los Angeles' leading multi-ethnic small business bank, has achieved a five-star Bankrate.com Star Rating and a "1" CAEL rating, both "Superior" ratings for banks and thrifts rated by Bankrate.com, the Web's leading aggregator of financial rate information. These ratings attest to TomatoBank's consistently strong earnings and asset growth. According to Dr. Liu, ¡°the ratings also speak to our Bank's strong, dedicated and talented staff and management team. All across our organization, TomatoBank is staffed with a team eager to continue TomatoBank's impressive achievements. We seek brand identification not only because of our name but also because of our accomplishments.

With total assets exceeding $350 million, Tomatobank's growth rate has consistently surpassed 35% per year and net income has increased more than 50% per year, including an 85% increase in 2005 over 2004 which resulted in a return on average assets of 1.75%. In the first half of 2006, Tomatobank has experienced asset growth of 56.5 % and a 107.2 % increase in earnings over first half 2005.

Tomatobank (www.tomatobank.com) is Los Angeles' dynamic, leading multi-ethnic bank.

 

 


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