Malaga Bank Welcomes Mark Smith As Senior Vice President/Business Banking

Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank FSB, today announced that Mark Smith, formerly of Beach Business Bank and Bay Cities National Bank, has accepted the position of Senior Vice President/Business Banking.

Mr. Smith resides in Palos Verdes Estates, CA with his wife and two children. He has a long history of local community service, currently holding board member positions on the South Bay Police & Fire Memorial Foundation and the Torrance-South Bay Area YMCA.

“We are pleased to announce that Mark Smith has joined our organization,” commented Randy C. Bowers, President and CEO. “Mark’s 30+ years of experience as a commercial business banker in the South Bay will contribute to the further growth of our business banking relationships and geographic expansion. Mark’s personal dedication to his clients and sense of community spirit reflect those values already so important to Malaga Bank. His association with the largest community bank headquartered in the South Bay will allow him increased opportunities to offer the exceptional customer service and financial products that we are known for.”

Malaga Bank, a subsidiary of MFC, is a full-service community bank headquartered on the Palos Verdes Peninsula with five offices located in the South Bay area of Los Angeles. In its 27th year, Malaga Bank has been delivering competitive banking services to residents and businesses of the South Bay, including real estate loan products custom-tailored to consumers and investors. As the largest community bank in the South Bay, Malaga is proud of its continuing tradition of relationship-based banking and legendary customer service. The Bank’s web site is located at www.malagabank.com.

Copyright Business Wire 2010

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