"Scott George Bauer" was the senior pastor of The Church On the Way (from late 1999 until his sudden death in 2003). He also served as the Chairman of the Board of Trustees of the King’s College and Seminary and as the supervisor the Los Angeles North Valley District of Foursquare Churches. On weekdays, he was known for his messages that aired on the KTLW radio program titled Life on the Way. Before his death, Scott Bauer had finished writing his first book, The New Church On The Way. He helped in the founding the now defunct Los Angeles Community Builders Inc. which battled against neighborhood deterioration and juvenile delinquency. He is credited with assisting in the founding of the Israel-Christian Nexus with his “encouragement” and “guidance”.

Among Southern California clergy, he was known for bringing Jewish and Christian leaders together.

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These steps are being taken to help us handle future growth, extend our brand and operate more efficiently.

We had a difficult first quarter, and we spent the rest of the year catching up. But our credit quality is as solid as it's ever been, and we believe we had built a solid foundation for continued success.

Four, four, four, one never happens.

We sold off the securities to improve our margins, as well as absorb the other expenses, to better position ourselves for growth in 2006. We are focused on managing our balance sheet and slowing the growth of non-interest expenses.

But this filing will give us the freedom to operate the office as we wish, such as taking limited deposits, until it makes strategic sense to open a full-service branch.