CUNB News Alert California United Bk (CUNB) 20.94 02/14/2015

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California United Bk (CUNB) 20.94 $CUNB

CU Bancorp beats by $0.14, beats on revenue
Seeking Alpha - at Seeking Alpha - Mon Feb 02, 8:13AM CST

CUNB: 20.94 (-0.10)

CU Bancorp Reports 2014 Fourth Quarter and Annual Results Including Record Loan Growth of $98 Million
Business Wire - Mon Feb 02, 8:05AM CST
CU Bancorp (NASDAQ: CUNB), the parent company of wholly owned California United Bank, today reported financial results for the fourth quarter and full year of 2014.
CUNB: 20.94 (-0.10)

California United Bank's 8th Annual Golf Tourney Raises $200,000 for Local Charities
Business Wire - Tue Dec 16, 8:05AM CST
California United Bank ("CUB" or "the Company" , a subsidiary of CU Bancorp (NASDAQ: CUNB), today announced that the California United Bank 8th Annual Golf Tournament, held Sept. 29, 2014, at the Sherwood Country Club, netted more than $200,000 to be distributed to four local charities.
CUNB: 20.94 (-0.10)

Horgan, Rosen, Beckham & Coren, L.L.P. Serves as Legal Counsel to CU Bancorp in its Acquisition of 1st Enterprise Bank
GlobeNewswire - Wed Dec 03, 12:13PM CST
Horgan, Rosen, Beckham & Coren, L.L.P., served as legal counsel to CU Bancorp (Nasdaq:CUNB), the parent bank holding company of California United Bank, in connection with its recently announced acquisition of 1 Enterprise Bank (OTCQB:FENB) by merger in a deal valued at approximately $112 million. This transaction closed on November 30, 2014. As a result of this merger, California United Bank, the surviving commercial bank, increased its asset base by about $800 million to a total of approximately $2.3 billion.
CUNB: 20.94 (-0.10)

D.A. Davidson & Co. Acts as Exclusive Financial Advisor to 1st Enterprise Bank in Merger with California United Bank
Business Wire - Mon Dec 01, 9:10AM CST
D.A. Davidson & Co., a full-service investment firm with a nationwide investment banking practice, served as exclusive financial advisor to 1st Enterprise Bank in its merger with California United Bank, the wholly owned subsidiary of CU Bancorp (NASDAQ: CUNB) in a transaction valued at $112.6 million. The transaction combines two of the leading commercial banks in Southern California with more than $2.3 billion in combined assets. D.A. Davidson also provided a fairness opinion to the board of 1st Enterprise. This represents D.A. Davidson's 40th merger and acquisition advisory transaction for the financial institutions group since 2011.
CUNB: 20.94 (-0.10)

CU Bancorp Announces the Completion of the Merger of 1st Enterprise Bank into California United Bank
Business Wire - Mon Dec 01, 8:05AM CST
--Combined bank has 11 branches throughout Southern California--
CUNB: 20.94 (-0.10)

Shareholders of CU Bancorp and 1st Enterprise Bank Approve Merger of 1st Enterprise Bank into California United Bank
Business Wire - Mon Nov 17, 8:05AM CST
CU Bancorp (NASDAQ:CUNB) today announced that at its Annual Meeting of Shareholders held on November 14, 2014 its shareholders approved the Agreement and Plan of Merger dated June 2, 2014, as amended and the merger of 1st Enterprise Bank (OTCQB:FENB) with and into CU Bancorp's wholly owned subsidiary California United Bank, with California United Bank as the surviving bank ("Merger" . Also on November 14, 2014, at the 1st Enterprise Bank Annual Meeting of Shareholders the shareholders of 1st Enterprise Bank overwhelmingly approved the Merger.
CUNB: 20.94 (-0.10)

CU Bancorp beats by $0.02, misses on revenue
Seeking Alpha - at Seeking Alpha - Tue Oct 28, 8:28AM CDT

CUNB: 20.94 (-0.10)

CU Bancorp Reports Net Income of $2.55 Million and Record Core Net Income of $3.18 Million for Third Quarter of 2014
Business Wire - Tue Oct 28, 8:05AM CDT
CU Bancorp (NASDAQ: CUNB), the parent company of wholly owned California United Bank, today reported net income of $2.55 million, or $0.23 per fully diluted share, for the third quarter of 2014, an increase of 2.9% from net income of $2.48 million, or $0.23 per fully diluted share, for the third quarter of 2013. Core net income (defined below) for the third quarter of 2014 was $3.18 million or $0.28 per diluted share, an increase of 28.4% from core net income of $2.48 million, or $0.23 per share for the third quarter of 2013. Core net income for the nine months ended September 30, 2014, was $8.73 million or $0.78 per diluted share, an increase of 24.8% from core net income of $6.99 million or $0.65 per diluted share for the nine months ended September 30, 2013.
CUNB: 20.94 (-0.10)

CU Bancorp Announces 2014 Annual Shareholders Meeting Date and Record Date
Business Wire - Fri Oct 10, 8:05AM CDT
CU Bancorp (Nasdaq: CUNB), the parent bank holding company of California United Bank, announced today that its 2014 Annual Meeting of Shareholders will be held on Friday, November 14, 2014 at 9:00 a.m. Pacific Time, at the Warner Center Marriott Hotel, 21850 Oxnard Street, Woodland Hills, California 91367. The Board of Directors has fixed the close of business on Wednesday, October 8, 2014, as the record date for the determination of shareholders entitled to notice of and to vote at the 2014 Annual Meeting of Shareholders and any adjournment or postponement thereof. The 2014 Annual Meeting is being held for the purposes of, among other things, approving the principal terms of a merger agreement pursuant to which CU Bancorp will acquire 1st Enterprise Bank by merging 1st Enterprise Bank with and into California United Bank, with California United Bank surviving the merger, electing directors, approving an amendment to CU Bancorp's 2007 Equity and Incentive Plan and ratifying accountants. Mailing of the proxy materials for the 2014 Annual Meeting to shareholders of record will commence today, October 10, 2014.
CUNB: 20.94 (-0.10)

Zacks Rank #1 Additions for Friday - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Fri Sep 26, 8:30AM CDT
Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List for Friday
CUNB: 20.94 (-0.10), CW: 70.78 (+0.93), CTAS: 81.64 (-0.57), CBK: 5.40 (+0.08), ADT: 38.21 (+0.11)

CU Bancorp, California United Bank and 1st Enterprise Bank Announce Receipt of Regulatory Approvals for Merger
Business Wire - Thu Sep 25, 8:05AM CDT
CU Bancorp (NASDAQ: CUNB) and 1st Enterprise Bank (OTCQB: FENB) today announced that they have received all bank regulatory approvals necessary to authorize the merger of 1st Enterprise Bank with California United Bank. Approvals have been received from the Federal Deposit Insurance Corporation and the California Department of Business Oversight, subject to usual and customary conditions.
CUNB: 20.94 (-0.10)

CU Bancorp (CUNB) Enters Oversold Territory - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Thu Aug 07, 8:34AM CDT
CU Bancorp (CUNB) Enters Oversold Territory
CUNB: 20.94 (-0.10)

CU Bancorp (CUNB): Strong Industry, Solid Earnings Estimate Revisions - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Tue Aug 05, 7:50AM CDT
CU Bancorp is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
CUNB: 20.94 (-0.10)

Citigroup to Hire 100 Bankers in Asia, Targets Smaller Clients - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Jul 30, 5:30PM CDT
In an effort to strengthen its commercial banking operations in the Asia-Pacific region, Citigroup Inc. (C) intends to hire around 100 bankers, according to a Reuters report.
CUNB: 20.94 (-0.10), COF: 78.88 (-0.41), C: 51.20 (+0.31), HSBC: 46.13 (-0.01)

CU Bancorp Reports Net Income of $2.4 Million and Core Net Income of $2.9 Million for Second Quarter of 2014 with Loan Growth of 11%
Business Wire - Fri Jul 25, 8:05AM CDT
CU Bancorp (NASDAQ: CUNB), the parent company of wholly owned California United Bank, today reported net income of $2.4 million for the second quarter of 2014, an increase of 2.8% from net income of $2.3 million for the second quarter of 2013, or $0.21 and $0.22 per fully diluted share, respectively. Core net income (defined below) for the second quarter of 2014 was $2.9 million, or $0.26 per diluted share, an increase of 24% from core net income of $2.3 million, or $0.22 per share for the second quarter of 2013.
CUNB: 20.94 (-0.10)

1st Enterprise Bank Announces Earnings for the 2nd Quarter of 2014
Marketwire - Wed Jul 16, 4:43PM CDT
1st Enterprise Bank ("the Bank" (OTCQB: FENB), an independent full-service commercial bank serving the Southern California business community, today reported net income of $990,000 or $.22 per diluted share for the second quarter of 2014, compared with net income of $1.4 million or $.34 per diluted share for the prior year period. The period ending June 30, 2014 included one-time transaction related expenses of approximately $530,000 related to the Bank's pending merger with CU Bancorp that was announced on June 3, 2014. The Bank continued its strong organic growth in loans and deposits, as loans grew by $37 million or 7% and deposits grew by $42 million or 6% from the first quarter of 2014.
CUNB: 20.94 (-0.10)




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