Stephen Carpenter to Retire from Board of Directors of CU Bancorp

ENCINO, Calif.--(BUSINESS WIRE)--Stephen Carpenter and CU Bancorp (NASDAQ:CUNB) (“CUB”), the parent of California United Bank, today jointly announced that Carpenter will retire from the Board of Directors of CU Bancorp and California United Bank, and his position as Vice Chairman of CU Bancorp, effective December 31, 2013. Mr. Carpenter, who is 73 years old, will become a Director Emeritus of the Company.