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Shareholders of CU Bancorp and 1st Enterprise Bank Approve Merger of 1st Enterprise Bank into California United Bank

ENCINO, Calif.--(BUSINESS WIRE)--CU Bancorp (NASDAQ:CUNB) today announced that at its Annual Meeting of Shareholders held on November 14, 2014 its shareholders approved the Agreement and Plan of Merger dated June 2, 2014, as amended and the merger of 1st Enterprise Bank (OTCQB:FENB) with and into CU Bancorp’s wholly owned subsidiary California United Bank, with California United Bank as the surviving bank (“Merger”). Also on November 14, 2014, at the 1st Enterprise Bank Annual Meeting of Shareholders the shareholders of 1st Enterprise Bank overwhelmingly approved the Merger.