Focus Business Bk CA (FCSB) 17.0000 $FCSB
Heritage Commerce Corp and Focus Business Bank Plan to Merge
GlobeNewswire - Thu Apr 23, 3:47PM CDT
Heritage Commerce Corp (Nasdaq:HTBK), the parent company of Heritage Bank of Commerce ("Heritage"
, and Focus Business Bank (OTCQB:FCSB) ("Focus" today jointly announced the execution of a definitive agreement and plan of merger and reorganization (the "Agreement" whereby Focus will merge into Heritage in a transaction valued at approximately $54.8 million. The transaction combines two of the leading commercial banking franchises in San Jose, California with more than $2 billion in combined assets.
HTBK: 9.80 (+0.17)
Focus Business Bank Announces Unaudited Financial Results for the Quarter and Year Ending December 31, 2014
Marketwired - Wed Feb 11, 5:43PM CST
Focus Business Bank (OTCQB: FCSB) announces unaudited financial results for the quarter and year ended December 31, 2014. Net income for the quarter and year ended December 31, 2014 was $319,000 ($0.11/per diluted share) and $1,157,000 ($0.39/per diluted share), respectively, compared to $315,000 ($0.11/per diluted share) and $869,000 ($0.30/per diluted share) for the same periods in 2013. The increases in net income for the quarter and year ending December 31, 2014 compared to the same periods in 2013 were primarily attributable to growth in net interest income resulting from a significant increase in earning assets and an increase in non-interest income, partially offset by increases in operating expenses, the provision for loan losses and income taxes.
Focus Business Bank Announces Unaudited Financial Results for the Quarter and Nine-Months Ending September 30, 2014
Marketwired - Thu Oct 30, 6:27PM CDT
Focus Business Bank (OTCQB: FCSB) announced unaudited financial results for the quarter and nine-months ended September 30, 2014. Net income for the quarter and nine-months ended September 30, 2014 was $273,000 ($0.09/diluted share) and $838,000 ($0.29/per diluted share), respectively, compared to $241,000 ($0.08/per diluted share) and $555,000 ($0.19/per diluted share) for the quarter and nine-months ending September 30, 2013. The increases in net income for the quarter and nine-months ending September 30, 2014 compared to the same periods in 2013 were primarily attributable to growth in net interest income resulting from a significant increase in earning assets and an increase in non-interest income from gains on sales of SBA loans, partially offset by increases in operating expenses, the provision for loan losses and income taxes.
Focus Business Bank Hires Kelly Swanson as Vice President and Manager of Cash Management Services
Marketwire - Tue Aug 26, 3:33PM CDT
Focus Business Bank (OTCQB: FCSB) announced that Kelly Swanson has joined the Bank as vice president and manager of the Bank's cash management department. This announcement was made by Teresa Powell, executive vice president of Focus Business Bank. Ms. Swanson will consult and advise on cash management, remote banking and deposit services for the bank's business, homeowner association (HOA) and nonprofit clients.
Michael R. Ong Joins Focus Business Bank as Executive Vice President, Chief Credit Officer Upon Retirement of Kenneth A. Corsello
Marketwire - Fri Aug 08, 5:16AM CDT
Focus Business Bank (OTCQB: FCSB) announced today that Michael R. Ong has been named executive vice president and chief credit officer. Mr. Ong assumed the position of former executive vice president and chief credit officer Kenneth A. Corsello, who retired. Chairman and CEO Richard L. Conniff made the announcement.
Focus Business Bank Announces Unaudited Financial Results for Quarter Ending June 30, 2014
Marketwire - Wed Jul 30, 7:20PM CDT
Focus Business Bank (OTCQB: FCSB) announced unaudited financial results for the quarter and six-months ended June 30, 2014. Net income for the quarter and six-months ended June 30, 2014 were $313,000 ($0.11/per diluted share) and $565,000 ($0.19/per diluted share), respectively, compared to $162,000 ($0.06/per diluted share) and $313,000 ($0.11/per diluted share) for the quarter and six-months ending June 30, 2013, respectively. The increases in net income for the quarter and six-months ending June 30, 2014 compared to the same periods in 2013 were primarily attributable to growth in net interest income resulting from a significant increase in earning assets and an increase in non-interest income from gains on sales of SBA loans, partially offset by increases in operating expenses, the provision for loan losses and income taxes.
Heritage Commerce Corp and Focus Business Bank Plan to Merge
GlobeNewswire - Thu Apr 23, 3:47PM CDT
Heritage Commerce Corp (Nasdaq:HTBK), the parent company of Heritage Bank of Commerce ("Heritage"
, and Focus Business Bank (OTCQB:FCSB) ("Focus" today jointly announced the execution of a definitive agreement and plan of merger and reorganization (the "Agreement" whereby Focus will merge into Heritage in a transaction valued at approximately $54.8 million. The transaction combines two of the leading commercial banking franchises in San Jose, California with more than $2 billion in combined assets. HTBK: 9.80 (+0.17)
Focus Business Bank Announces Unaudited Financial Results for the Quarter and Year Ending December 31, 2014
Marketwired - Wed Feb 11, 5:43PM CST
Focus Business Bank (OTCQB: FCSB) announces unaudited financial results for the quarter and year ended December 31, 2014. Net income for the quarter and year ended December 31, 2014 was $319,000 ($0.11/per diluted share) and $1,157,000 ($0.39/per diluted share), respectively, compared to $315,000 ($0.11/per diluted share) and $869,000 ($0.30/per diluted share) for the same periods in 2013. The increases in net income for the quarter and year ending December 31, 2014 compared to the same periods in 2013 were primarily attributable to growth in net interest income resulting from a significant increase in earning assets and an increase in non-interest income, partially offset by increases in operating expenses, the provision for loan losses and income taxes.
Focus Business Bank Announces Unaudited Financial Results for the Quarter and Nine-Months Ending September 30, 2014
Marketwired - Thu Oct 30, 6:27PM CDT
Focus Business Bank (OTCQB: FCSB) announced unaudited financial results for the quarter and nine-months ended September 30, 2014. Net income for the quarter and nine-months ended September 30, 2014 was $273,000 ($0.09/diluted share) and $838,000 ($0.29/per diluted share), respectively, compared to $241,000 ($0.08/per diluted share) and $555,000 ($0.19/per diluted share) for the quarter and nine-months ending September 30, 2013. The increases in net income for the quarter and nine-months ending September 30, 2014 compared to the same periods in 2013 were primarily attributable to growth in net interest income resulting from a significant increase in earning assets and an increase in non-interest income from gains on sales of SBA loans, partially offset by increases in operating expenses, the provision for loan losses and income taxes.
Focus Business Bank Hires Kelly Swanson as Vice President and Manager of Cash Management Services
Marketwire - Tue Aug 26, 3:33PM CDT
Focus Business Bank (OTCQB: FCSB) announced that Kelly Swanson has joined the Bank as vice president and manager of the Bank's cash management department. This announcement was made by Teresa Powell, executive vice president of Focus Business Bank. Ms. Swanson will consult and advise on cash management, remote banking and deposit services for the bank's business, homeowner association (HOA) and nonprofit clients.
Michael R. Ong Joins Focus Business Bank as Executive Vice President, Chief Credit Officer Upon Retirement of Kenneth A. Corsello
Marketwire - Fri Aug 08, 5:16AM CDT
Focus Business Bank (OTCQB: FCSB) announced today that Michael R. Ong has been named executive vice president and chief credit officer. Mr. Ong assumed the position of former executive vice president and chief credit officer Kenneth A. Corsello, who retired. Chairman and CEO Richard L. Conniff made the announcement.
Focus Business Bank Announces Unaudited Financial Results for Quarter Ending June 30, 2014
Marketwire - Wed Jul 30, 7:20PM CDT
Focus Business Bank (OTCQB: FCSB) announced unaudited financial results for the quarter and six-months ended June 30, 2014. Net income for the quarter and six-months ended June 30, 2014 were $313,000 ($0.11/per diluted share) and $565,000 ($0.19/per diluted share), respectively, compared to $162,000 ($0.06/per diluted share) and $313,000 ($0.11/per diluted share) for the quarter and six-months ending June 30, 2013, respectively. The increases in net income for the quarter and six-months ending June 30, 2014 compared to the same periods in 2013 were primarily attributable to growth in net interest income resulting from a significant increase in earning assets and an increase in non-interest income from gains on sales of SBA loans, partially offset by increases in operating expenses, the provision for loan losses and income taxes.
