SCBH News Alert Seacoast Commerce Bk (SCBH) 11.0000 02/15/2015
Post# of 64074
Seacoast Commerce Banc Holdings Announces Fourth Quarter and Full-Year Results With Record Earnings, Asset, Loan, and Deposit Growth
Marketwired - Thu Jan 22, 7:04AM CST
Seacoast Commerce Banc Holdings (OTCQB: SCBH) ("Company" , and its wholly owned subsidiary Seacoast Commerce Bank ("Bank" , today announced its consolidated unaudited results of operations for the fourth quarter and full-year ended December 31, 2014. For 2014, the Company reported net income of $4.3 million, compared to net income of $1.0 million, or a 333% increase over 2013. For the fourth quarter of 2014, the Company reported net income of $830 thousand, compared to $251 thousand in the fourth quarter of 2013, or a 231% increase. The difference between the Company and Bank full-year net income was $95 thousand, representing expenses at the Company not related to the Bank's operations. This was the Bank's 17th consecutive quarterly profit.
Seacoast Commerce Bank Receives 5-Star "Superior" Rating From BauerFinancial, Inc.
Marketwired - Fri Jan 02, 6:12PM CST
Seacoast Commerce Bank, a wholly-owned subsidiary of Seacoast Commerce Banc Holdings (OTCQB: SCBH), announced today that it received a 5-Star "Superior" rating for financial strength from BauerFinancial, Inc., the nation's leading bank rating firm which has been providing bankers and consumers with independent ratings since 1983. BauerFinancial, Inc. rates all banks and credit unions on a zero-to-five star scale with 5-Stars, or Superior, being the strongest rating. A 5-Star rating indicates, among other things, that the institution has at least twice the capital strength that regulators require, the institution is sufficiently profitable, and has kept its delinquent loans in check. Seacoast Commerce Bank's rating can be found on Bauer's Recommended Bank Report at http://www.bauerfinancial.com/btc_ratings.asp.
Horgan, Rosen, Beckham & Coren, L.L.P. Served as Legal Counsel to Seacoast Commerce Bank and Seacoast Commerce Banc Holdings in connection with Holding Company Reorganization
GlobeNewswire - Mon Dec 08, 10:00AM CST
SEACOAST COMMERCE BANK and SEACOAST COMMERCE BANC HOLDINGS (OTCQB: SCBH)
Seacoast Commerce Bank Completes Formation of Bank Holding Company Named Seacoast Commerce Banc Holdings and Establishment of a New Stock Symbol
Marketwired - Mon Dec 01, 5:23PM CST
Seacoast Commerce Bank (OTCQB: SCCB) and Seacoast Commerce Banc Holdings (OTCQB: SCBH) today jointly announced that effective December 1, 2014, the formation of Seacoast Commerce Banc Holdings, a bank holding company, and the merger of Seacoast Commerce Bank into the bank holding company, as a wholly-owned subsidiary, was completed.