First Mountain Bancorp [Ca] (FMBP) 8.5800 $FMBP
First National Bank of Southern California and First Mountain Bank Announce Definitive Agreement
Business Wire - Mon May 05, 12:19PM CDT
First National Bank of Southern California and First Mountain Bank announced today that they have entered into a definitive agreement pursuant to which First National Bank of Southern California will acquire First Mountain Bank for approximately $14.1 million in cash. The purchase price is equivalent to $9.00 per share but is subject to downward adjustment in the event that First Mountain Bank's total shareholder equity falls below $12.175 million at the time of the closing of the transaction. The total assets of the combined banks on a pro forma basis at March 31, 2014 are approximately $300 million. As part of the transaction Jack Briner, Chairman and CEO of First Mountain Bank, will become a director of First National Bank of Southern California and will continue in a consulting role to oversee the Big Bear Lake operations and continue to work with customers and the community. The transaction was unanimously approved by the boards of directors of both banks. Completion of the transaction is subject to regulatory and shareholder approvals. Following the successful completion of these steps, it is anticipated the transaction will close in the third quarter of 2014.
First Mountain Exploration Ltd. Announces Horizontal Well Results At Atlee Buffalo
CNW Group - Mon Mar 03, 1:49PM CST
First Mountain Exploration Ltd. ("First Mountain" or the "Company"
(TSX Venture: FMX) wishes to advise that production testing by the Company in the Atlee Buffalo area of Alberta of the Glauconite formation at its recently drilled horizontal well, FMEL 03HZ ATL-BUFF 14-20-21-5W4M (the "Well", has been completed and the Well has been placed on production. First Mountain has an 85% working interest in the Well.
First Mountain Bank Announces Fourth Quarter and Year-End 2013 Results
Business Wire - Thu Feb 27, 4:39PM CST
First Mountain Bank (OTCBB:FMBP), today reported net income of $680,149, or earnings per basic share of $0.43, for the year ended December 31, 2013, compared to a net loss of $2,899,196, or loss per basic share of $1.85, for year-end 2012. The Bank also reported net income of $74,869, or $0.05 per basic share, for the fourth quarter of 2013, compared to a net loss of $2,200,156, or $1.41 per basic share, for the fourth quarter of 2012. Results for 2013 represent a nearly $1.9 million turnaround in pre-tax earnings for the Bank compared to 2012. The significant improvement in earnings is a direct result of gains from selling the guaranteed portion of SBA/USDA loan originations, improved asset quality allowing for much lower loan loss provisions, and cost savings resulting from branch consolidation.
Defy Media's Clevver Brand Named First Digital Partner for the Critics' Choice Movie Awards
GlobeNewswire - Wed Dec 18, 2:15PM CST
Defy Media-owned Clevver, the #1 digital entertainment news brand, today announced a two-year agreement with the Critics' Choice Movie Awards ("CCMA" to become the first digital media partner for the 2014 and 2015 CCMAs. Presented by the Broadcast Film Critics Association and the Broadcast Television Journalists Association, the 19 Annual CCMAs are scheduled to air on the CW Television Network on January 16, 2014. The partnership expands the reach of the long-standing and influential awards show by tapping into Clevver's multi-platform network and significant online audience of young entertainment enthusiasts.
First Mountain Exploration Ltd. Announces the Commencement of Drilling Operations at Atlee Buffalo
CNW Group - Tue Dec 10, 12:42PM CST
First Mountain Exploration Ltd. ("First Mountain" or the "Company" (TSX Venture: FMX) is pleased to announce it has commenced a horizontal drilling program in the Atlee Buffalo area of Alberta. On December 9, 2013 the well FMEL 03HZ ATL-BUFF 14-20-21-5W4M (the "well" was spud and it is expected the well will reach a total depth of approximately 1,765 meters on December 17, 2013. Once completed, First Mountain plans to install production facilities and have the well on production early in January, 2014. First Mountain has an 85% working interest in the Atlee Buffalo Area.
First Mountain Bank reports Q2 2013
M2 - Wed Jul 24, 3:02AM CDT
First Mountain Bank (OTCBB:FMBP), the parent company for First Mountain Bank, on Tuesday reported a net income of USD634,479 or USD0.41 earnings per diluted share for the second quarter ended 30 June 2013, improved from the net loss of USD121,605 or USD0.08 loss per diluted share in the second quarter of 2012.
First Mountain Bank Announces 2nd Quarter and Year-to-Date 2013 Results
Business Wire - Tue Jul 23, 6:10PM CDT
First Mountain Bank (OTCBB:FMBP) today reported net income of $634,479, or earnings per basic share of $0.41, for the quarter ended June 30, 2013, compared to a net loss of $121,605, or loss per basic share of $0.08, for the second quarter of 2012. The Bank also reported net income of $564,594, or $0.36 per basic share, for the six months ended June 30, 2013, compared to a net loss of $243,716, or $0.16 per basic share, for the first six months of 2012. Earnings for the second quarter and first six months of 2013 included gains from the sale of loans of $601,047, and $632,865, respectively. Additionally, the Bank sold an OREO property at a small loss of $29,350 during the second quarter.
First Mountain Exploration Ltd. announces property acquisition and files Q1 2013 financial results
CNW Group - Tue Jun 04, 8:42AM CDT
First Mountain Exploration Ltd. ("First Mountain" (TSX Venture: FMX) is pleased to announce that it has closed the acquisition of certain assets in the Buffalo Atlee area of Alberta (the "Assets" from a private Company for cash consideration of $175,000, before closing adjustments. The effective date of the acquisition was May 1, 2013.
First Mountain Exploration Ltd. completes property acquistion and files 2012 financial results
CNW Group - Tue Apr 30, 5:04PM CDT
First Mountain Exploration Ltd. ("First Mountain" (TSX Venture: FMX) is pleased to announce that it has closed the acquisition of producing oil and gas properties in the Lanaway and Fir areas of Alberta for cash consideration of $400,000, before closing adjustments and related costs as previously announced on April 17, 2013.
CaiTerra International Energy Acquires Undeveloped Mineral Rights in Faust Area of Alberta From First Mountain Exploration
Marketwire Canada - Mon Dec 17, 8:00AM CST
CaiTerra International Energy Corporation ("CaiTerra" or the "Company" (TSX VENTURE:CTI) is pleased to announce that it has completed its previously announced acquisition of certain undeveloped mineral rights in the Faust area of Alberta (the "Faust Property" from First Mountain Exploration Ltd. ("First Mountain" (TSX VENTURE:FMX) for the purchase price of approximately of $2.5 million in cash.
First National Bank of Southern California and First Mountain Bank Announce Definitive Agreement
Business Wire - Mon May 05, 12:19PM CDT
First National Bank of Southern California and First Mountain Bank announced today that they have entered into a definitive agreement pursuant to which First National Bank of Southern California will acquire First Mountain Bank for approximately $14.1 million in cash. The purchase price is equivalent to $9.00 per share but is subject to downward adjustment in the event that First Mountain Bank's total shareholder equity falls below $12.175 million at the time of the closing of the transaction. The total assets of the combined banks on a pro forma basis at March 31, 2014 are approximately $300 million. As part of the transaction Jack Briner, Chairman and CEO of First Mountain Bank, will become a director of First National Bank of Southern California and will continue in a consulting role to oversee the Big Bear Lake operations and continue to work with customers and the community. The transaction was unanimously approved by the boards of directors of both banks. Completion of the transaction is subject to regulatory and shareholder approvals. Following the successful completion of these steps, it is anticipated the transaction will close in the third quarter of 2014.
First Mountain Exploration Ltd. Announces Horizontal Well Results At Atlee Buffalo
CNW Group - Mon Mar 03, 1:49PM CST
First Mountain Exploration Ltd. ("First Mountain" or the "Company"
(TSX Venture: FMX) wishes to advise that production testing by the Company in the Atlee Buffalo area of Alberta of the Glauconite formation at its recently drilled horizontal well, FMEL 03HZ ATL-BUFF 14-20-21-5W4M (the "Well", has been completed and the Well has been placed on production. First Mountain has an 85% working interest in the Well. First Mountain Bank Announces Fourth Quarter and Year-End 2013 Results
Business Wire - Thu Feb 27, 4:39PM CST
First Mountain Bank (OTCBB:FMBP), today reported net income of $680,149, or earnings per basic share of $0.43, for the year ended December 31, 2013, compared to a net loss of $2,899,196, or loss per basic share of $1.85, for year-end 2012. The Bank also reported net income of $74,869, or $0.05 per basic share, for the fourth quarter of 2013, compared to a net loss of $2,200,156, or $1.41 per basic share, for the fourth quarter of 2012. Results for 2013 represent a nearly $1.9 million turnaround in pre-tax earnings for the Bank compared to 2012. The significant improvement in earnings is a direct result of gains from selling the guaranteed portion of SBA/USDA loan originations, improved asset quality allowing for much lower loan loss provisions, and cost savings resulting from branch consolidation.
Defy Media's Clevver Brand Named First Digital Partner for the Critics' Choice Movie Awards
GlobeNewswire - Wed Dec 18, 2:15PM CST
Defy Media-owned Clevver, the #1 digital entertainment news brand, today announced a two-year agreement with the Critics' Choice Movie Awards ("CCMA"
to become the first digital media partner for the 2014 and 2015 CCMAs. Presented by the Broadcast Film Critics Association and the Broadcast Television Journalists Association, the 19 Annual CCMAs are scheduled to air on the CW Television Network on January 16, 2014. The partnership expands the reach of the long-standing and influential awards show by tapping into Clevver's multi-platform network and significant online audience of young entertainment enthusiasts. First Mountain Exploration Ltd. Announces the Commencement of Drilling Operations at Atlee Buffalo
CNW Group - Tue Dec 10, 12:42PM CST
First Mountain Exploration Ltd. ("First Mountain" or the "Company"
(TSX Venture: FMX) is pleased to announce it has commenced a horizontal drilling program in the Atlee Buffalo area of Alberta. On December 9, 2013 the well FMEL 03HZ ATL-BUFF 14-20-21-5W4M (the "well" was spud and it is expected the well will reach a total depth of approximately 1,765 meters on December 17, 2013. Once completed, First Mountain plans to install production facilities and have the well on production early in January, 2014. First Mountain has an 85% working interest in the Atlee Buffalo Area. First Mountain Bank reports Q2 2013
M2 - Wed Jul 24, 3:02AM CDT
First Mountain Bank (OTCBB:FMBP), the parent company for First Mountain Bank, on Tuesday reported a net income of USD634,479 or USD0.41 earnings per diluted share for the second quarter ended 30 June 2013, improved from the net loss of USD121,605 or USD0.08 loss per diluted share in the second quarter of 2012.
First Mountain Bank Announces 2nd Quarter and Year-to-Date 2013 Results
Business Wire - Tue Jul 23, 6:10PM CDT
First Mountain Bank (OTCBB:FMBP) today reported net income of $634,479, or earnings per basic share of $0.41, for the quarter ended June 30, 2013, compared to a net loss of $121,605, or loss per basic share of $0.08, for the second quarter of 2012. The Bank also reported net income of $564,594, or $0.36 per basic share, for the six months ended June 30, 2013, compared to a net loss of $243,716, or $0.16 per basic share, for the first six months of 2012. Earnings for the second quarter and first six months of 2013 included gains from the sale of loans of $601,047, and $632,865, respectively. Additionally, the Bank sold an OREO property at a small loss of $29,350 during the second quarter.
First Mountain Exploration Ltd. announces property acquisition and files Q1 2013 financial results
CNW Group - Tue Jun 04, 8:42AM CDT
First Mountain Exploration Ltd. ("First Mountain"
(TSX Venture: FMX) is pleased to announce that it has closed the acquisition of certain assets in the Buffalo Atlee area of Alberta (the "Assets" from a private Company for cash consideration of $175,000, before closing adjustments. The effective date of the acquisition was May 1, 2013. First Mountain Exploration Ltd. completes property acquistion and files 2012 financial results
CNW Group - Tue Apr 30, 5:04PM CDT
First Mountain Exploration Ltd. ("First Mountain"
(TSX Venture: FMX) is pleased to announce that it has closed the acquisition of producing oil and gas properties in the Lanaway and Fir areas of Alberta for cash consideration of $400,000, before closing adjustments and related costs as previously announced on April 17, 2013. CaiTerra International Energy Acquires Undeveloped Mineral Rights in Faust Area of Alberta From First Mountain Exploration
Marketwire Canada - Mon Dec 17, 8:00AM CST
CaiTerra International Energy Corporation ("CaiTerra" or the "Company"
(TSX VENTURE:CTI) is pleased to announce that it has completed its previously announced acquisition of certain undeveloped mineral rights in the Faust area of Alberta (the "Faust Property" from First Mountain Exploration Ltd. ("First Mountain" (TSX VENTURE:FMX) for the purchase price of approximately of $2.5 million in cash. 
