Latest Norcal Commty Bcp CA (NCLC) Headlines
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Bank of Marin Bancorp Announces Completion of Merger of NorCal Community Bancorp and Its Subsidiary, Bank of Alameda
Business Wire - Mon Dec 02, 8:00AM CST
Bank of Marin Bancorp, "BMRC" (NASDAQ:BMRC), parent company of Bank of Marin, "the Bank," has announced the completion of the merger of NorCal Community Bancorp, "NorCal" (OTC:NCLC), parent company of Bank of Alameda into BMRC, effective November 29, 2013. The transaction adds approximately $230 million in deposits and $170 million in loans to Bank of Marin. The Bank now has in excess of $1.7 billion in assets and operates 21 offices in five counties including Alameda, San Francisco, Marin, Sonoma and Napa.
Bank of Marin Bancorp Reports Second Quarter Earnings of $3.1 Million
Business Wire - Mon Jul 22, 7:00AM CDT
Bank of Marin Bancorp, "Bancorp" (NASDAQ: BMRC), parent company of Bank of Marin, announced second quarter 2013 earnings of $3.1 million, compared to $4.9 million in the first quarter of 2013 and $5.0 million in the second quarter of 2012. Diluted earnings per share totaled $0.55 in the second quarter, compared to $0.89 in the prior quarter and $0.91 in the same quarter a year ago. Earnings for the six-month period ended June 30, 2013 totaled $7.9 million compared to $9.9 million in the same period a year ago. Diluted earnings per share for the six-month period ended June 30, 2013 totaled $1.44 compared to $1.82 in the same period a year ago. Second quarter 2013 earnings reflect a $1.1 million provision for loan loss that is primarily related to one land development loan.
Bank of Marin Bancorp signs definitive agreement to acquire NorCal Community Bancorp and its subsidiary for USD32.7m
M2 - Tue Jul 02, 3:53AM CDT
Bank of Marin Bancorp BMRC (NASDAQ:BMRC), the parent company of Bank of Marin (bank), disclosed on Monday that it has signed a definitive agreement to acquire the bank holding company NorCal Community Bancorp (OTC:NCLC) and its subsidiary Bank of Alameda for USD32.7m or USD3.07 per NorCal common share, the current valuation.
Bank of Marin Bancorp Announces Agreement to Acquire NorCal Community Bancorp and Its Subsidiary Bank of Alameda
Business Wire - Mon Jul 01, 5:51PM CDT
Bank of Marin Bancorp, "BMRC" (NASDAQ: BMRC), parent company of Bank of Marin, "the Bank," and NorCal Community Bancorp, "NorCal" (OTC: NCLC), parent company of Bank of Alameda, today announced that BMRC has entered into a definitive agreement to acquire NorCal and Bank of Alameda, its subsidiary. Bank of Alameda has four branch offices serving Alameda, Emeryville, and Oakland, and had assets of $264.7 million, total deposits of $228.7 million, and total loans of $170.6 million as of March 31, 2013.
NorCal Community Bancorp Announces Fourth Quarter 2012 Profit and Full Year Results
Business Wire - Thu Jan 31, 3:13PM CST
NorCal Community Bancorp (the "Company") (NCLC), parent company for Bank of Alameda, today reported a fourth quarter profit of $603,000, or $0.06 per diluted share, compared to net income of $205,000, or $0.02 per diluted share for the fourth quarter in 2011. For the year ended December 31, 2012 the company reported a net loss of $987,000, or ($0.09) per diluted share, compared to net income of $12,000 for the same period in 2011.