Pan Pacific Bank CA (PPFC) 4.5200 $PPFC California Bank

Pan Pacific Bank CA (PPFC) 4.5200 $PPFC

California Bank of Commerce and Pan Pacific Bank to Merge
Business Wire - Sat Sep 19, 3:26PM CDT
California Bank of Commerce (CABC) and Pan Pacific Bank (PPFC) today jointly announced the execution of an Agreement and Plan of Reorganization (the "Agreement" whereby Pan Pacific Bank will merge into California Bank of Commerce in a transaction valued at approximately $24.3 million. The strategic partnership will result in a business bank with over $620 million in total assets dedicated to serving middle market businesses in the San Francisco Bay Area.

Pan Pacific Bank Announces Financial Results for June 30, 2015, Strong Growth with Improved Core Earnings
Business Wire - Thu Jul 23, 3:03PM CDT
Pan Pacific Bank (OTCBBPFC) today announced its unaudited financial results for the period ended June 30, 2015, including total assets of $147.1 million, net loans of $111.9 million and deposits of $124.7 million. Pre tax earnings for the three and six months ended June 30, 2015 were $206 thousand and $388 thousand, respectively, compared to $114 thousand and $191 thousand, respectively, for the same periods in 2014.

Pan Pacific Bank Names Eric J. Hall to Board of Directors
Business Wire - Tue Jul 21, 11:00AM CDT
Pan Pacific Bank (OTCBBPFC) today announced that Eric J. Hall, chartered financial advisor and partner of FLG Partners, LLC, has joined its board of directors.

Pan Pacific Bank Named One of Top 200 Healthiest Banks in America
Business Wire - Tue Jun 30, 11:01AM CDT
Pan Pacific Bank (OTCBBPFC) today announced that it has been named to DepositAccounts' Top 200 Healthiest Banks in America based on a review of 6,998 banks throughout the United States. Pan Pacific has offices in San Jose and Fremont, and offers a full range of business banking services to the Bay Area.

Pan Pacific Bank's board names Jonathan Padilla as director
M2 - Wed Jun 24, 3:16AM CDT
Pan Pacific Bank (OTCBBPFC) revealed on Tuesday that Jonathan Padilla has joined its board as director.

Pan Pacific Bank Announces Financial Results for March 31, 2015, Sees Continued Growth with Net Loan Increase of 12.8% YTD
Business Wire - Thu Apr 30, 2:13PM CDT
Pan Pacific Bank (OTCBBPFC) today announced its unaudited financial results for the quarter ended March 31, 2015, including total assets of $139.1 million, net loans of $97.8 million, deposits of $118.4 million and pre tax earnings of $182 thousand.

Pan Pacific Bank Announces 2014 as Year of Growth, Continued Profitability
Business Wire - Thu Feb 05, 11:21AM CST
Pan Pacific Bank (OTCBB: PPFC) today announced its unaudited financial results for the year ended December 31, 2014, including total assets of $120.1 million, net loans of $86.7 million and deposits of $99.5 million. "Pan Pacific Bank is pleased to report a year of progress and profitability. Total assets, net loans and total deposits grew 9.3%, 13.7% and 9.3%, respectively, on a year over year basis," said Wayne Doiguchi, Pan Pacific Bank's CEO. "For the quarter ended December 31, 2014 and the same period in 2013, net after tax earnings were $63 thousand and $99 thousand, respectively. For the years ended 2014 and 2013, net after tax earnings were $3,049 thousand and $254 thousand, respectively. During 2014, Bank management determined that it is more likely than not that the deferred tax asset (DTA) will be realized. Therefore, the second quarter and fourth quarter tax expense includes a benefit or income of $2,740 thousand and $117 thousand, respectively related to the reversal of the valuation allowance for deferred tax assets."

Genelle Wrzesinski Joins Pan Pacific Bank As SVP of Operations and Administration
Business Wire - Thu Jan 29, 11:00AM CST
Pan Pacific Bank (OTCBBPFC) today announced that Genelle Wrzesinski, an executive with a 40-plus year track record of successful operational leadership, recently joined the Bank as Senior Vice President and Operations Administrator.

Richard Hagarty Joins Pan Pacific Bank as EVP and Chief Credit Officer
Business Wire - Thu Dec 04, 11:01AM CST
Pan Pacific Bank (OTCBBPFC) today announced that well-known and respected bank executive Richard "Dick" Hagarty recently joined the Bank as Executive Vice President and Chief Credit Officer. Mr. Hagarty brings nearly 40 years of experience to the Bay Area community banking industry.

Pan Pacific Bank Announces Expansion to San Jose
Business Wire - Wed Nov 12, 11:00AM CST
Pan Pacific Bank (OTCBBPFC) today announced its expansion into San Jose with the opening of its downtown branch at 300 Park Avenue, Suite 100. Founded in 2005 and headquartered in Fremont, California, the bank will offer a full suite of business banking services to the surrounding community.

Pan Pacific Bank Announces Year-To-Date Growth in Net Loans 15.5%
Business Wire - Wed Oct 22, 8:02AM CDT
Pan Pacific Bank (OTCBB: PPFC) today announced its unaudited financial results for the quarter ended September 30, 2014, including total assets of $119.1 million, net loans of $88.1 million and deposits of $99.0 million. "Pan Pacific Bank is pleased to report continued positive earnings with net after-tax earnings for the three and nine months ending September 30, 2014, of $56,468 and $2,983,071, respectively," said Wayne Doiguchi, Pan Pacific Bank's CEO. "During the second 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 Names Sally Pera to Board of Directors
Business Wire - Tue Sep 30, 11:01AM CDT
Pan Pacific Bank (OTCBBPFC) today announced that renowned Silicon Valley business connector and executive Sally Pera has joined its Board of Directors. The appointment of Ms. Pera, currently CEO of the Association for Corporate Growth - Silicon Valley (ACGSV), brings the number of Pan Pacific board members to nine.