Folsom Lake Bank CA (FOLB) 8.1900 $FOLB
Folsom Lake Bank 2014 Earnings Up 16.5%
GlobeNewswire - Thu Jan 29, 3:00PM CST
Folsom Lake Bank (OTCMARKETS:FOLB), announced financial results for the fourth quarter and the year ending December 31, 2014. The Bank reported net income of $1,214,559 for the twelve months ending December 31, 2014, an increase of 16.5% compared to 2013. The Bank completed its 20 consecutive profitable quarter with earnings of $492,744 for the three month period ending December 31, 2014, up 34.9% compared to $365,374 for the fourth quarter of 2013. Earnings per share increased to $0.76 for 2014 from $0.65 in 2013.
Folsom Lake Bank Reports Third Quarter Earnings
GlobeNewswire - Fri Oct 17, 12:53PM CDT
Folsom Lake Bank (OTC Markets:FOLB), announced unaudited financial results for the quarter and nine month periods ending September 30, 2014. For the first nine months of 2014, the Bank reported net income of $721,816, an increase of 6.6% compared to earnings of $677,342 for the first nine months of 2013. The Bank increased its string of consecutive profitable quarters to 19 with net income of $245,030, down 4.9% compared to $257,781 for the third quarter of 2013.
Photo Release -- Randall R. Wilson Joins Folsom Lake Bank Board
GlobeNewswire - Mon Sep 15, 12:39PM CDT
Folsom Lake Bank (OTC:FOLB) today announced that Randall R. Wilson has joined the Board of Directors of Folsom Lake Bank. Mr. Wilson is a Partner in Sinclair Wilson Baldo & Chamberlain, a law firm with offices in Auburn and Roseville. He is a member of the State Bars of California and Nevada, is certified by the State Bar of California as a Specialist in Estate Planning, Trust and Probate Law, and is licensed as a Certified Public Accountant by the State of California Department of Consumer Affairs. Mr. Wilson holds a Bachelor of Science degree in Business Administration from the University of the Pacific Eberhardt School of Business, a Juris Doctor degree from McGeorge School of Law and a Master of Laws in Taxation from McGeorge School of Law.
Dr. Thelma Scott-Skillman Joins Folsom Lake Bank Board
GlobeNewswire - Fri Aug 01, 3:44PM CDT
Folsom Lake Bank (OTC:FOLB) today announced that Dr. Thelma Scott-Skillman has joined the Folsom Lake Bank Board of Directors. Dr. Skillman has significant leadership experience in community colleges spanning four decades. Serving as an education consultant, her newest venture is interim President and CEO of the Community College League of California, a professional organization for CEOs and Trustees in California community colleges. She recently completed a yearlong interim assignment as Chancellor of the San Francisco Community College District focused on accreditation and district financial matters. Most notable throughout the Sacramento region, Dr. Scott-Skillman was founding President of Folsom Lake College, a position held for 11 years. While there, she provided leadership and vision for a new community college, including education center conversions, initial accreditation, comprehensive education and facilities master planning, and a regional performing arts center (Three Stages). She has held other community college administrative positions across California, including vice chancellor at the system level for community colleges. Her faculty service included 16 years as an instructor and counselor at Diablo Valley College, Los Medanos College, Oakland Public Schools, and Cal-State University, Hayward (now East Bay). A consummate educator, Dr. Scott-Skillman has served on numerous boards such as: American Association of Community Colleges (AACC); Folsom Economic Development Board; Presidents' Round Table; and the New Sacramento High School Board. Her community involvement includes local Chambers of Commerce; Rotary International (Paul Harris Fellow); Buckeye USD Bond Oversight Committee; and Classical Masters Music Festival.
Folsom Lake Bank Earnings Up 13.6%
GlobeNewswire - Thu Jul 17, 6:00PM CDT
Folsom Lake Bank (OTC Markets:FOLB), announced unaudited financial results for the six month period ending June 30, 2014. For the first six months of 2014, the Bank reported net income of $476,225, an increase of 13.6% over the same six month period of 2013. This is the Bank's eighteenth consecutive profitable quarter with net income for the second quarter 2014 of $244,185, down 8.4% from the 2013 second quarter results but up 5.0% from the first quarter 2014 results. Net income for the second quarter of 2014 was impacted by higher expenses associated with preopening costs for the new branch in Rancho Cordova. "The continuing improvement in the local economy is helping to propel significant growth in the Bank's revenue compared to 2013," said Robert J. Flautt, President and Chief Executive Officer. "We are seeing increased lending opportunities for the first time in years, and this increased activity bodes well for continued improvement in local economic activity."
Jay Freeman Joins Folsom Lake Bank Board
GlobeNewswire - Mon Jul 07, 1:12PM CDT
Folsom Lake Bank (OTC: FOLB) today announced that Mr. Jay Freeman has joined the Board of Directors of Folsom Lake Bank. Jay is a Senior Advisor to Gallup working with clients both in the US and abroad to help them deepen customer relationships, increase market share and profitability.
Folsom Lake Bank 2014 Earnings Up 16.5%
GlobeNewswire - Thu Jan 29, 3:00PM CST
Folsom Lake Bank (OTCMARKETS:FOLB), announced financial results for the fourth quarter and the year ending December 31, 2014. The Bank reported net income of $1,214,559 for the twelve months ending December 31, 2014, an increase of 16.5% compared to 2013. The Bank completed its 20 consecutive profitable quarter with earnings of $492,744 for the three month period ending December 31, 2014, up 34.9% compared to $365,374 for the fourth quarter of 2013. Earnings per share increased to $0.76 for 2014 from $0.65 in 2013.
Folsom Lake Bank Reports Third Quarter Earnings
GlobeNewswire - Fri Oct 17, 12:53PM CDT
Folsom Lake Bank (OTC Markets:FOLB), announced unaudited financial results for the quarter and nine month periods ending September 30, 2014. For the first nine months of 2014, the Bank reported net income of $721,816, an increase of 6.6% compared to earnings of $677,342 for the first nine months of 2013. The Bank increased its string of consecutive profitable quarters to 19 with net income of $245,030, down 4.9% compared to $257,781 for the third quarter of 2013.
Photo Release -- Randall R. Wilson Joins Folsom Lake Bank Board
GlobeNewswire - Mon Sep 15, 12:39PM CDT
Folsom Lake Bank (OTC:FOLB) today announced that Randall R. Wilson has joined the Board of Directors of Folsom Lake Bank. Mr. Wilson is a Partner in Sinclair Wilson Baldo & Chamberlain, a law firm with offices in Auburn and Roseville. He is a member of the State Bars of California and Nevada, is certified by the State Bar of California as a Specialist in Estate Planning, Trust and Probate Law, and is licensed as a Certified Public Accountant by the State of California Department of Consumer Affairs. Mr. Wilson holds a Bachelor of Science degree in Business Administration from the University of the Pacific Eberhardt School of Business, a Juris Doctor degree from McGeorge School of Law and a Master of Laws in Taxation from McGeorge School of Law.
Dr. Thelma Scott-Skillman Joins Folsom Lake Bank Board
GlobeNewswire - Fri Aug 01, 3:44PM CDT
Folsom Lake Bank (OTC:FOLB) today announced that Dr. Thelma Scott-Skillman has joined the Folsom Lake Bank Board of Directors. Dr. Skillman has significant leadership experience in community colleges spanning four decades. Serving as an education consultant, her newest venture is interim President and CEO of the Community College League of California, a professional organization for CEOs and Trustees in California community colleges. She recently completed a yearlong interim assignment as Chancellor of the San Francisco Community College District focused on accreditation and district financial matters. Most notable throughout the Sacramento region, Dr. Scott-Skillman was founding President of Folsom Lake College, a position held for 11 years. While there, she provided leadership and vision for a new community college, including education center conversions, initial accreditation, comprehensive education and facilities master planning, and a regional performing arts center (Three Stages). She has held other community college administrative positions across California, including vice chancellor at the system level for community colleges. Her faculty service included 16 years as an instructor and counselor at Diablo Valley College, Los Medanos College, Oakland Public Schools, and Cal-State University, Hayward (now East Bay). A consummate educator, Dr. Scott-Skillman has served on numerous boards such as: American Association of Community Colleges (AACC); Folsom Economic Development Board; Presidents' Round Table; and the New Sacramento High School Board. Her community involvement includes local Chambers of Commerce; Rotary International (Paul Harris Fellow); Buckeye USD Bond Oversight Committee; and Classical Masters Music Festival.
Folsom Lake Bank Earnings Up 13.6%
GlobeNewswire - Thu Jul 17, 6:00PM CDT
Folsom Lake Bank (OTC Markets:FOLB), announced unaudited financial results for the six month period ending June 30, 2014. For the first six months of 2014, the Bank reported net income of $476,225, an increase of 13.6% over the same six month period of 2013. This is the Bank's eighteenth consecutive profitable quarter with net income for the second quarter 2014 of $244,185, down 8.4% from the 2013 second quarter results but up 5.0% from the first quarter 2014 results. Net income for the second quarter of 2014 was impacted by higher expenses associated with preopening costs for the new branch in Rancho Cordova. "The continuing improvement in the local economy is helping to propel significant growth in the Bank's revenue compared to 2013," said Robert J. Flautt, President and Chief Executive Officer. "We are seeing increased lending opportunities for the first time in years, and this increased activity bodes well for continued improvement in local economic activity."
Jay Freeman Joins Folsom Lake Bank Board
GlobeNewswire - Mon Jul 07, 1:12PM CDT
Folsom Lake Bank (OTC: FOLB) today announced that Mr. Jay Freeman has joined the Board of Directors of Folsom Lake Bank. Jay is a Senior Advisor to Gallup working with clients both in the US and abroad to help them deepen customer relationships, increase market share and profitability.
