The Federal Reserve Board has announced the appointment of Roberto Barragan to its newly-created Community Advisory Council (CAC). Barragan is the President and Chief Executive Officer of the Van Nuys-based Valley Economic Development Corporation (VEDC) and a Founding Director of CU Bancorp (NASDAQ: CUNB), the parent company of wholly owned California United Bank.

The CAC was created in January 2015 and is composed of 15 individuals selected from across the country for their expertise in consumer- and community development-related issues. It will provide information, advice, and recommendations to the Federal Reserve Board on a wide range of relevant policy matters and emerging issues of interest, with a particular focus on the concerns of low- and moderate-income consumers and communities. The CAC will hold the first of its semi-annual meetings on Nov. 20, 2015.

“We congratulate Roberto on his appointment to the CAC,” said David Rainer, Chairman and CEO of CU Bancorp and California United Bank. “His vast experience and expertise in community and economic development will be an excellent resource for this important advisory board to the Federal Reserve; they will benefit from the same wise counsel he has provided us since our founding in 2005.”

Barragan has been with the VEDC since 1995 and its CEO since 1999. Under his leadership it has grown to become the largest nonprofit business development corporation in the greater Los Angeles area. The VEDC has seven California locations, as well as offices in Chicago, Miami, Las Vegas, Utah and the New York Tri-State area.

“I’m honored to be appointed to the Community Advisory Council,” said Director Barragan. “I look forward to providing counsel on community and economic development initiatives that can help create and sustain jobs and businesses, especially in low- and moderate-income communities, to the members of the Federal Reserve Board.”

Barragan, a nationally recognized expert on loan funds and micro lending, has raised more than $50 million in federal, state, local and private resources for small- and medium-sized business development. He has helped found a number of community development organizations including the San Fernando Valley Financial Development Corporation, the Pacoima Development Federal Credit Union, and the Community Financial Resource Center of South Central Los Angeles.

He currently serves as the Treasurer of the California Community Economic Development Association, and is a past Chairperson and a current Director of the California Reinvestment Coalition. He is a member of the Board of Directors of the National Association of Latino Community Asset Builders, the Advisory Board of New Markets Community Capital LLC, and the Community Advisory Board of Wells Fargo Bank. Barragan previously served on the boards of the Los Angeles Family Housing Corporation and the Los Angeles Conservancy.

About CU Bancorp and California United Bank

CU Bancorp is the parent of California United Bank. Founded in 2005, California United Bank provides a full range of financial services, including credit and deposit products, cash management, and internet banking to businesses, non-profits, entrepreneurs, professionals and investors throughout Southern California from its headquarters office in Downtown Los Angeles and additional full-service offices in the San Fernando Valley, the Santa Clarita Valley, the Conejo Valley, Simi Valley, Los Angeles, South Bay, Orange County and the Inland Empire. California United Bank is an SBA Preferred Lender. To view CU Bancorp’s most recent financial information, please visit the Investor Relations section of the Company’s Web site. Information on products and services may be obtained by calling 818-257-7700 or visiting the Company’s website at www.cunb.com.