Pan Pacific Bank CA (PPFC) 2.6700 $PPFC
Pan Pacific Bank Announces Recapture of $2.7M Income Related to DTA, Plans for New Branch in San Jose, CA
PR Newswire - Mon Jul 14, 8:35AM CDT
Pan Pacific Bank (OTCBB: PPFC) today announced its unaudited financial results for the quarter ended June 30, 2014, including total assets of $110.3 million, net loans of $82.7 million and deposits of $88.3 million. "Pan Pacific Bank is pleased to report continued positive earnings with net after-tax earnings for the three and six months ending June 30, 2014, of $2,852,637 and $2,926,602, respectively," said Wayne Doiguchi, Pan Pacific Bank's CEO. "During the quarter, Bank management determined that it is more likely than not that the deferred tax asset (DTA) will be realized. Therefore, the second quarter tax expense includes a benefit or income of $2,740,245 related to the reversal of the valuation allowance for deferred tax assets."
Pan Pacific Bank Announces Eight Consecutive Profitable Quarters
PR Newswire - Tue Feb 11, 8:35AM CST
Pan Pacific Bank (OTCBB: PPFC) today announced its unaudited financial results for the quarter and year ended December 31, 2013, including total assets of $109.9 million, loans of $77.9 million, and deposits of $91.0 million. Chief Executive Officer Wayne Doiguchi commented, "Pan Pacific Bank is pleased to report net after-tax earnings of $99 thousand and $254 thousand for the three and twelve months ended December 31, 2013, respectively. The results for the quarter ended December 31, 2013 marks eight consecutive profitable quarters."
Industry Vet Sean Meeker Joins Vulcan Capital
PR Newswire - Fri Jan 17, 7:30AM CST
Vulcan Capital, the Seattle-based investment management firm that oversees philanthropist Paul G. Allen's multi-billion dollar portfolio, today announced that Sean Meeker has joined it as an associate director. Mr. Meeker, who has more than a decade of industry experience, joins Vulcan as a credit specialist on the fixed income portfolio management team, and will assist with overall sector and risk allocation. Additionally, Mr. Meeker will, along with Director Ben Kolpa, advise Chief Investment Officer Paul Ghaffari on overall investment management strategy and tactical deployment of risk across publicly traded asset classes.
Pan Pacific Bank Announces Six Consecutive Profitable Quarters
PR Newswire - Wed Aug 14, 3:05PM CDT
Pan Pacific Bank (OTCBB
PFC) today announced its unaudited financial results for the quarter ended June 30, 2013, including total assets of $106.3 million, loans of $80.6 million, and deposits of $91.5 million. Chief Executive Officer Wayne Doiguchi commented, "Pan Pacific Bank is pleased to report net after-tax earnings of $39 thousand and $127 thousand for the three and six months ended June 30, 2013, respectively. The results for the quarter ended June 30, 2013 marks six consecutive profitable quarters."
Ron Barrett joins Pan Pacific Bank as Vice President and Manager of Government Guaranteed Loans
PR Newswire - Thu Mar 14, 5:00AM CDT
Pan Pacific Bank (OTCBB PFC) - a premier East Bay community bank today announced the appointment of Ron Barrett as Vice President and Manager of Government Guaranteed Loans. "Barrett is a native East Bay resident with more than 30 years of entrepreneurial and financial services experience that will augment the wide range of services we offer our business clients," stated CEO Wayne Doiguchi.
Pan Pacific Bank Announces Four Consecutive Profitable Quarters
M2 - Thu Jan 17, 8:13AM CST
FREMONT, Calif., Jan. 17, 2013 -- Pan Pacific Bank (OTCBB PFC) announced unaudited financial results for the quarter ended December 31, 2012. Total assets of $113.3 million, loans of $82.3 million, and deposits of $98.3 million, at December 31, 2012. Chief Executive Officer Wayne Doiguchi commented, "Pan Pacific Bank is pleased to report $330,468 in profits for the fourth quarter of 2012, bringing our total 2012 year profits to $922,527. This is four consecutive profitable quarters."
Pan Pacific Bank Announces Recapture of $2.7M Income Related to DTA, Plans for New Branch in San Jose, CA
PR Newswire - Mon Jul 14, 8:35AM CDT
Pan Pacific Bank (OTCBB: PPFC) today announced its unaudited financial results for the quarter ended June 30, 2014, including total assets of $110.3 million, net loans of $82.7 million and deposits of $88.3 million. "Pan Pacific Bank is pleased to report continued positive earnings with net after-tax earnings for the three and six months ending June 30, 2014, of $2,852,637 and $2,926,602, respectively," said Wayne Doiguchi, Pan Pacific Bank's CEO. "During the quarter, Bank management determined that it is more likely than not that the deferred tax asset (DTA) will be realized. Therefore, the second quarter tax expense includes a benefit or income of $2,740,245 related to the reversal of the valuation allowance for deferred tax assets."
Pan Pacific Bank Announces Eight Consecutive Profitable Quarters
PR Newswire - Tue Feb 11, 8:35AM CST
Pan Pacific Bank (OTCBB: PPFC) today announced its unaudited financial results for the quarter and year ended December 31, 2013, including total assets of $109.9 million, loans of $77.9 million, and deposits of $91.0 million. Chief Executive Officer Wayne Doiguchi commented, "Pan Pacific Bank is pleased to report net after-tax earnings of $99 thousand and $254 thousand for the three and twelve months ended December 31, 2013, respectively. The results for the quarter ended December 31, 2013 marks eight consecutive profitable quarters."
Industry Vet Sean Meeker Joins Vulcan Capital
PR Newswire - Fri Jan 17, 7:30AM CST
Vulcan Capital, the Seattle-based investment management firm that oversees philanthropist Paul G. Allen's multi-billion dollar portfolio, today announced that Sean Meeker has joined it as an associate director. Mr. Meeker, who has more than a decade of industry experience, joins Vulcan as a credit specialist on the fixed income portfolio management team, and will assist with overall sector and risk allocation. Additionally, Mr. Meeker will, along with Director Ben Kolpa, advise Chief Investment Officer Paul Ghaffari on overall investment management strategy and tactical deployment of risk across publicly traded asset classes.
Pan Pacific Bank Announces Six Consecutive Profitable Quarters
PR Newswire - Wed Aug 14, 3:05PM CDT
Pan Pacific Bank (OTCBB
PFC) today announced its unaudited financial results for the quarter ended June 30, 2013, including total assets of $106.3 million, loans of $80.6 million, and deposits of $91.5 million. Chief Executive Officer Wayne Doiguchi commented, "Pan Pacific Bank is pleased to report net after-tax earnings of $39 thousand and $127 thousand for the three and six months ended June 30, 2013, respectively. The results for the quarter ended June 30, 2013 marks six consecutive profitable quarters." Ron Barrett joins Pan Pacific Bank as Vice President and Manager of Government Guaranteed Loans
PR Newswire - Thu Mar 14, 5:00AM CDT
Pan Pacific Bank (OTCBB
PFC) - a premier East Bay community bank today announced the appointment of Ron Barrett as Vice President and Manager of Government Guaranteed Loans. "Barrett is a native East Bay resident with more than 30 years of entrepreneurial and financial services experience that will augment the wide range of services we offer our business clients," stated CEO Wayne Doiguchi. Pan Pacific Bank Announces Four Consecutive Profitable Quarters
M2 - Thu Jan 17, 8:13AM CST
FREMONT, Calif., Jan. 17, 2013 -- Pan Pacific Bank (OTCBB
PFC) announced unaudited financial results for the quarter ended December 31, 2012. Total assets of $113.3 million, loans of $82.3 million, and deposits of $98.3 million, at December 31, 2012. Chief Executive Officer Wayne Doiguchi commented, "Pan Pacific Bank is pleased to report $330,468 in profits for the fourth quarter of 2012, bringing our total 2012 year profits to $922,527. This is four consecutive profitable quarters." 
