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Monday, SEP 08, 2008
Century City Golf Tournament September Twelfth
Century City Golf Tournament September 12th

YOU SHOULD BE THERE

The best tournament in Southern California happens only once a year and this year is the 28th year of the tournament put on by the Century City Chamber of Commerce. Whatever you have planned cancel it because you can’t afford to miss this spectacular event. The date is September 12th at Robinson Ranch in Santa Clarita and this year there is a chance to win $10,000 in the hole-in-one putting contest. There is the “T” Prize of a Wilson Staff TW7 60˚ Wedge that will go to each player as well as a Covert Cooler stuffed with a variety of items including golf balls, towels and much more! Registration begins at 9am but the event takes place all day and into the evening.

The event covers two courses and draws over 200 golfers from various industries throughout greater Los Angeles. The day includes breakfast, lunch and a memorable awards dinner as well as an assortment of raffle and silent auction items. Some of the more coveted items will include jewelry from Tiffany & Co., a Human Touch Massage Chair and a 42” plasma HDTV. Awards will be given for 1st, 2nd and 3rd place on both the Valley and Mountain courses. In addition, there will be prizes for closest to the pin on both courses.

This event attracts the who’s who in Los Angeles business. If you are a golfer this is a great tournament, if you are in business this is an opportunity to meet people that are in business too and might not be able to be met another way, if your clients golf this is a great way to entertain them and show your appreciation for their business. If you are a part of this community this is a great way to participate in your community. Whatever your motivation the day always brings smiles to faces of all the participants. Cancel your meetings, cancel your conference calls, clear your schedule and get in touch with Mike Holwick and get your foursome booked today. 

Eagle Sponsors for the tournament include: Century Park, Holwick Constructors, Universal Protection Service and Westfield Century City. Birdie Sponsors are as follows: Cohen, Miskei & Mowrey LLP, CP Document Technologies, James M. Cochran Drywall and Valley Crest Landscape Maintenance. The media sponsor for the event is your own Century City News.

The Century City Chamber of Commerce is a vibrant and dynamic organization, and one of Los Angeles’ most active, involved and relationship-driven chambers. The Chamber places special emphasis on its members working together through its councils to build better relationships and create effective programs and events that help businesses expand their reach into the marketplace. For more information on the chamber, please visit our website at: www.centurycitycc.com. 

To contact Mike Holwick you can reach him at 310.710.4594

AIG and USC
AIG Retirement Services’ new advertising campaign, live longer retire stronger, is all about adding years to your life. Did you know laughter could add eight years to your life? And owning a pet could add seven years! Check out www.retirestronger.com for more fun facts.

 


AIG Retirement Services is a market leader in the financial services industry, providing annuities, mutual funds and separately managed accounts to investors across the nation. The firm is also a leading provider of group retirement plans in the K-12 education, healthcare and higher education markets. AIG Retirement Services also operates one of the largest independent broker-dealer networks in the nation. It’s no wonder the company knows just what investors need to do to retire stronger!


While no study has confirmed this yet, I believe that serving your community may add years to your life. And it seems that AIG Retirement Services’ Corporate Communications department agrees.


In addition to managing public relations activities and employee events for AIG Retirement Services, the Century City based Corporate Communications department organizes a number of community-related activities for employees every year. From beach cleanups to food drives to mentoring programs and community walks, AIG Retirement Services employees are constantly seeking ways to give back to the community. And the Corporate Communications team is eager to help!


"AIG has a history of charitable giving and our employees have always been community-minded," said Mary Dacuma, Corporate Communications Specialist for AIG Retirement Services. "Giving back to the community we work in and to the communities our employees live in is good business, and we hope that we can lead other local organizations to do the same."


Mary and her colleagues, Caroline Grossman (Public Relations Specialist), Linda Skolnick (Senior Public Relations Associate) and Maddie Welty (Corporate Communications Intern), plan, oversee and participate in at least 12 community involvement events each year. Their goal: To offer employees diverse, exciting and community-minded programs at least once a month.


Since May, AIG Retirement Services has teamed up with Junior Achievement for a Job Shadow Day, inviting local high school students to the office for a day of job shadowing and mentorship.


Venice High School students spent the day at AIG Retirement Services in the global investing, legal, affordable housing and corporate communications (of course!) departments.


The firm also donated almost $10,000 to the Revlon Run/Walk and hosted a team of employees at the event.


AIG Retirement Services employees raised over $5,000 to support the Revlon Run/Walk. Employees and their family members also attended the walk.


AIG Retirement Services also participated in AIG’s Be Green initiative, hosting an environmental fair in its Century City office for employees to learn how to be green at work and at home.


AIG Retirement Services employees proudly display their support for AIG’s Be Green initiative.


AIG Retirement Services employees also supported the American Heart Association through a Go Red for Women drive, raising over $3,000 for the organization. Corporate Communications asked employees to donate at least $5 to the organization in exchange for an American Heart Association bracelet and the chance to wear jeans to work. AIG’s Go Red for Women Drive is one of the top drives in Los Angeles every year and the Corporate Communications team is working with the American Heart Association to encourage other local companies to participate and bolster fundraising efforts.


In July, employees teamed up with Heal the Bay and cleaned up TOES beach in Marina Del Rey. Nearly 50 employees and guests attended the beach clean up event.


Over 50 AIG Retirement Services employees and their families participated in a beach clean-up with Heal The Bay.


Also in July, employees donated over 800 pounds of food to the Los Angeles Food Bank. And August ushers in the annual school supply drive. This year, AIG Retirement Services is teaming up with Fulfillment Fund to provide nearly 120 backpacks full of much-needed school supplies to an inner city ninth grade class. "Starting students off right for high school and the school year is absolutely imperative, " said Tal Gilad, Director of Foundation and Corporate Relations for Fulfillment Fund. "Having the support of a company like AIG Retirement Services is critical to the success of our students and our community." "It is absolutely imperative that we help underprivileged students start the school year off right, " said Carolyn Lee, CEO of the Fulfillment Fund. "We are committed to forging partnerships with the business community to benefit schools and we thank AIG Retirement Services for their investment in the success of our students and our community." Partnering with Fulfillment Fund might be easier than you think! Just go to http://www.fulfillment.org/ for ideas on how to work with the organization.


The members of the Corporate Communications department at AIG Retirement Services all agree that community involvement is a key initiative for the firm and its employees. And the department agrees on something else as well: that USC is the school of choice!


All four members of the department are USC alumni (with the exception of future alumnus Maddie who is beginning her senior year at USC this fall). And all members were interns in the department while they were students at USC.


"AIG Retirement Services’ Corporate Communications internship is very unique," said Linda Skolnick, Senior Public Relations Associate who joined the department as an intern in June 2004. "Our interns are key members of our team, working directly with us on public relations efforts, community involvement programs and employee events. We really value their contributions and we’ve been so lucky to keep our interns on board full-time!"


Caroline Grossman, Public Relations Specialist, joined the department as an intern in January 2007, during her first year of graduate studies at USC. "There is a definite sense of camaraderie in our department. We’re able to work together and collaborate on a number of projects, and our unique ideas and enthusiasm translate into excellent results."


Mary Dacuma first joined the Corporate Communications team as an intern in January 2006. And Maddie Welty, Corporate Communications intern, joined in May 2008. Maddie will stay on board through the fall semester. "I’ve had excellent opportunities here at AIG Retirement Services," said Maddie. "I’ve been able to work on a wide range of projects, including planning a beach cleanup, employee picnic, working on PR activities and executive requests. I really feel like I’m better prepared for a career in a number of fields!"


The Corporate Communications team at this year’s company picnic. Nearly 2,000 Los Angeles based employees and their families attended the event.


Who knows, maybe Maddie will end up right here at AIG Retirement Services. She wouldn’t be the first intern to stay on board!


Community Events Calendar


August 18-September 4: School Supply Drive


We have partnered with Fulfillment Fund and New Designs Charter School to fill backpacks full of basic school supplies for the incoming Freshman Class. We are also in talks to get involved with the school’s beautification project, possibly revamping their playground area and installing a new garden. Dates and details about that project are to be determined.


September 26: Krispy Kreme Fundraiser


We will be selling Krispy Kreme donuts and milk. 100% of all proceeds will go towards the Leukemia & Lymphoma Society’s "Light the Night" walks in Century City and Woodland Hills. The walk is designed to raise money and awareness for blood cancer research.


October: United Way Drive


We dedicate the month of October to our United Way Campaign. Through various meetings and guest speakers, we educate employees about the work of United Way and encourage them to pledge money to the organization


November 15: HomeWalk Los Angeles


Hundreds of employees from the AIG offices in Los Angeles participate in United Way’s HomeWalk to raise money for poverty initiatives in Los Angeles.


December 12: Christmas Toy Drive


During the Holiday Party, employees bring unwrapped toys and games that are delivered to patients at Childrens Hospital Los Angeles


AIG Retirement offers a broad range of market-responsive products that meet the retirement savings and income solutions needs of more than two million clients. The company is a market leader in group retirement plans for K-12 education, healthcare and higher education institutions. AIG Retirement pioneered the first 403(b) plan serving school teachers in 1963 and today competes in both the non-profit and for-profit defined contribution plan markets. AIG Retirement has expanded beyond traditional variable annuity-based group retirement plan solutions to offer mutual funds and financial planning on a self or full-service basis. Today, more than 1,600 AIG Retirement financial advisors – with access to a growing array of financial planning tools and competitively priced products – are helping clients through every phase of the financial lifecycle.


AIG SunAmerica Asset Management manages and/or administers a family of over 40 retail mutual funds, as well as the underlying assets of AIG SunAmerica and AIG Retirement variable annuities. The company’s innovative investment management approach combines strong in-house talent with highly acclaimed independent money management, including the global expertise of AIG investment professionals. Introducing innovative funds and delivering consistent performance across several investment disciplines are among AIG SunAmerica’s key growth strategies.


AIG SunAmerica Retirement Markets is a leading provider of variable annuities and innovative "income for life" solutions. Its flagship product lines integrate sound institutional investment strategies and professional money management that can help protect invested assets from market loss and deliver a guaranteed retirement income stream for life. The company’s variable annuities are distributed by more than 128,000 financial representatives licensed in 50 states. SunAmerica’s powerful retail distribution network is driven by access to financial advisors affiliated with AIG member companies and diversification across all major channels, with emphasis on financial planners, broker-dealers and financial institutions. In 2007, the company earned the "Dalbar Service Award" which


recognizes the highest tier of service quality in the financial services industry.


AIG Advisor Group, with its nearly 8,000 independent financial advisors, is the largest independent broker-dealer network in the United States. The company’s individual broker-dealers provide a robust portfolio of products and asset-gathering tools to support advisors serving the increasingly complex needs of their clients. A high performance culture, independent product research, and broad array of business-building programs effectively attract top-performing advisors to AIG Advisor Group, while leading-edge technology helps them deliver consistently


superior services to their clients.


AIG Annuity is the largest issuer of fixed annuities in the United States and the leading provider of annuities sold through banks. The company built its leadership position through a unique three-way partnership. In addition to serving as a product distributor, our bank partners can participate in managing the assets underlying our fixed annuity contracts. The company’s fixed annuity products are tailored to the needs of serious minded investors who are seeking guaranteed fixed investment returns and peace of mind against equity market volatility. AIG Annuity maintains its competitive posture with one of the most efficient operating models in the industry today – responding to continually changing market needs with flexible and competitively priced products.


AIG SunAmerica Alternative Investments is an internally managed, highly diversified global ‘fund of funds’ with more than $10 billion invested in over 400 investment funds, including hedge funds and a variety of private equity, real estate, venture capital and credit-oriented funds. Over the last two decades, these alternative investments have made a significant contribution to our companies’ profitability and overall returns.


AIG SunAmerica Affordable Housing Partners is one of the nation’s leading investors in affordable multi-family housing tax credit transactions. As a result, the company is also the fifth largest apartment investor in the nation with more than 1,200 properties encompassing over 161,000 multifamily housing units in 48 states plus the U.S. Virgin Islands and Puerto Rico. AIG SunAmerica Affordable Housing creates partnerships that develop and operate affordable apartment complexes qualifying for federal and state tax credits and then markets the tax benefits to third-party investors, primarily financial institutions.



Tom McCullough Celebrates 25 Years with First Regional
First Regional Bank Executive Vice President and Chief Operating Officer, Tom McCullough, recently celebrated 25 years with the bank. That is quite a milestone for anyone in any industry but particularly in banking that has undergone so many mergers and so much deregulation. In this time of turbulence within the industry it is great to have such an incredibly solid bank here in Century City. Many of the Century City based banks have solid financials and stellar reputations.

The current credit crunch stems from the meltdown in the sub-prime markets where loans were granted to borrowers beyond their ability to repay or with floating interest rates that triggered higher payments than could be afforded. Once housing prices softened the cycle of decline began and we have seen some major fallout from this.

IndyMac is the most recent casualty from this and the FED has indicated that 90 banks are on their watch list –although they won’t tell us which ones. But when you think about the number of banks in the country as being around 7500 the fact that 90 are being watched by the FDIC indicates that the vast majority of banks are healthy and fully functioning.

The recent era has seen only 5 failures that include three small banks, a bank in Arkansas, and IndyMac here in California. The media has learned that when they create a climate of fear it becomes more profitable for their businesses. The IndyMac failure provided another opportunity as they showed clips of people camping for days to be the first in line when the bank opened to get their money. By the time the bank opened on Monday morning the public was stirred up into a frenzy. Don’t believe the rumors about the collapse of the system as this is a much lesser problem than the S & L crisis.

Today’s financial system has much more strength. One assumption is that nothing changes and as we all know everything changes. The system is set up to correct itself. Management at the banks work through problems and make adjustments that bring troubled banks back to health.

Bonnie Rubin of 1st Century Bank says, “small is the new safe. Many of the small banks did not get involved in the sub-prime fiasco. Depositors need to look at the financial condition of the bank they do business with and determine how well capitalized they are.” Both First Regional and 1st Century adhere to the highest standards.

One of the reasons First Regional is so strong financially is that many of their loans are based on the Westside of Los Angeles and as we all know this side of town is affected to a lesser degree than the eastside or the Inland Empire. Many of their loans are on apartment buildings and the rental market for apartments continues to remain strong.
As Tom celebrates 25 years at the bank we get the sense that he could one day celebrate 25 more. Both Tom and the bank will no doubt be around at least that long.


 more . . . Front Page
17.AUG.08 Compton Education Foundation Partners with Community Hero Jaffe Dickerson
17.AUG.08 THE ROBIN GROUP
27.JUN.08 Held Unviels Work of Art
19.JUN.08 ROTARY BEGINS ANNUAL STARS OF THE AVENUE TRADITION
29.MAY.08 2008 CENTURY CITY CHAMBER OF COMMERCE CITIZEN OF THE YEAR EVENT HONORS RAY WATT AND UNIVERSAL PROTECTION SERVICE
08.MAY.08 Free Party At Borders Tonight May 8th Provided By PartyCharlie
23.APR.08 Eden Alperts Vibrato
23.APR.08 Take BIG STEPS to DEFEET Cancer at
08.APR.08 Century City Rotary To Honor Sherry Lansing
25.FEB.08 Kula Sushi Bistro
21.FEB.08 Is This Your Next City Council Person
10.FEB.08 Lewis Wallensky & Assoc celebrates 40
28.JAN.08 THE CHAMBER IS ALL ABOUT COMMUNITY
28.NOV.07 The Empowerment of the Disadvantaged has a Champion
09.OCT.07 CITY NATIONAL BANK IS ON THE MOVE
01.OCT.07 Fidelity Flagship Investor Center
17.SEP.07 Weingart Center
27.AUG.07 Bob Hegyes to Speak at Century City Rotary on Wednesday
20.AUG.07 Iridesse Opens
20.AUG.07 Pearls Create Environmental Luster
31.JUL.07 1st Century Banks Hall of Fame Team
16.JUL.07 Weekends are about families at Westfield Century City

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