Presidio Bank (PDOB) 13.6510 $PDOB
Presidio Bank Announces Retirement of COO, Sherry Price
BusinessWire - Thu May 05, 8:00AM CDT
Presidio Bank (OTCBB: PDOB), a Bay Area business bank, today announced that Executive Vice President and Chief Operating Officer Sherry Price will be retiring this month. She joined Presidio in 2007, nine months after the Bank opened for business.
Presidio Bank Reports Results for the First Quarter 2016
BusinessWire - Wed Apr 20, 8:00AM CDT
Presidio Bank (OTCBB: PDOB), a Bay Area business bank, today reported unaudited results for the first quarter ended March 31, 2016 with Net Income of $940 thousand, up 34% from the quarter ended December 31, 2015 and up 95% from the first quarter of 2015. Total Assets were down $1 million from the record level recorded in the fourth quarter of 2015 but up $105 million (19%) from the first quarter of 2015.
Presidio Bank Reports Loan Growth of 26% for 2015
BusinessWire - Tue Feb 02, 8:00AM CST
Presidio Bank (OTCBB
DOB), a Bay Area business bank, today reported unaudited results for the fourth quarter and full year ended December 31, 2015 with loan growth for the year of $108 million, up 26% from 2014. The fourth quarter was highlighted by $48 million in loan growth and $45 million in deposit growth resulting in record levels in both categories. Total assets increased $40 million for the quarter and $112 million for the year. Net Income for the year totaled $2.6 million versus $3.1 million earned in 2014. The year over year comparison was adversely impacted by $600 thousand in additional interest on the Bank's subordinated debt issued in September 2014 and by $828 thousand in additional loan loss provision expense related to the high level of loan growth in 2015.
Presidio Bank Reports Results for Third Quarter 2015
BusinessWire - Thu Oct 22, 4:10PM CDT
Presidio Bank (OTCBBDOB), a Bay Area business bank, today reported unaudited results for the third quarter ended September 30, 2015 with net income for the quarter of $687 thousand, essentially flat from the $696 thousand earned in the quarter ended June 30, 2015. In addition, Total Assets ended the quarter at $614 million, eclipsing the $600 Million total for the first time while Total Loans and Total Deposits also achieved record high levels.
Presidio Bank's board elects Larry Nibbi as director
M2 - Wed Aug 12, 6:05AM CDT
Presidio Bank (OTCBBDOB) revealed on Tuesday that Larry Nibbi has joined its subsidiary bank's board of directors.
Larry Nibbi Joins Presidio Bank Board of Directors
BusinessWire - Tue Aug 11, 10:16AM CDT
Presidio Bank (OTCBB: PDOB), a Bay Area business bank, today announced that Larry Nibbi, Chief Executive Officer of Nibbi Brothers General Contractors, has joined Presidio Bank's Board of Directors. As the second generation of leadership in Nibbi Brothers, a leading Bay Area construction firm, Mr. Nibbi brings strong regional knowledge in real estate and the building trades. In addition, he has prior bank experience, having served on the Board of Directors of Borel Private Bank & Trust. A leader in the Bay Area Business, Labor and Non-Profit Communities, Mr. Nibbi serves on numerous boards and committees including San Francisco Center for Economic Development, HEART of San Mateo County, Carpenter's Health and Welfare Trust Fund, Committee on Jobs and San Francisco Boys and Girls Club. A life-long baseball fan, Mr. Nibbi is also a member of the ownership group of the San Francisco Giants.
Presidio Bank Reports Results for Second Quarter 2015
BusinessWire - Wed Jul 22, 7:00AM CDT
Presidio Bank (OTCBB: PDOB), a Bay Area business bank, today reported unaudited results for the second quarter ended June 30, 2015 with net income for the quarter of $696 thousand, an increase of $213 thousand from the quarter ended March 31, 2015. In addition, Total Deposits, Total Loans and Total Assets all ended the quarter at record high levels.
Presidio Bank Reports Completion of Rights Offering
BusinessWire - Tue Jun 30, 8:00AM CDT
Presidio Bank (OTCBBDOB), a Bay Area business bank, reported completion of its previously announced 1,000,000 share common stock rights offering. The offering was oversubscribed by over 60%. Shares in the offering were priced at $12. Including the 1,000,000 shares issued in the offering, Presidio now has 5,261,195 shares outstanding.
Company Profile for Presidio Bank
BusinessWire - Fri Jun 19, 9:20AM CDT
Presidio Bank provides business banking services to small and mid-size businesses, including professional service firms, real estate developers and investors, and not-for-profit organizations, and to their owners who desire personalized, responsive service with access to local decision makers. Presidio Bank offers clients the resources of a large bank combined with the personalized services of a neighborhood bank. Presidio Bank is headquartered in San Francisco, California and currently operates five banking offices in San Francisco, Walnut Creek, San Rafael, San Mateo and Palo Alto. More information is available at www.presidiobank.com. Presidio Bank is a member of FDIC and an Equal Housing Lender.
Presidio Bank Hires San Francisco Market Manager
BusinessWire - Wed Jun 03, 8:00AM CDT
Presidio Bank (OTCBB: PDOB), a Bay Area business bank, today announced that it has hired Mathilda Khabbaz as Senior Vice President and San Francisco Market Manager. In this newly created position, she will be responsible for leading the Bank's San Francisco office.
James Westfall Joins Presidio Bank Board of Directors
BusinessWire - Tue May 12, 8:00AM CDT
Presidio Bank (OTCBBDOB), a Bay Area business bank, today announced that James Westfall, Principal of WALT Systems, joined Presidio Bank's board of directors. Mr. Westfall's over 30-year career includes 12 years cumulative experience as the Chief Financial Officer of three financial service companies, including four years as CFO for Greater Bay Bancorp, a $7 billion, publicly traded bank holding company that sold to Wells Fargo in 2007. Previously, he held senior positions in Treasury at Bank of America for 15 years with responsibilities concentrated in interest rate, liquidity, and capital risk management and control. He is past president of the National Asset Liability Management Association. Mr. Westfall holds a BA in economics from Duke University and an MBA from the University of Chicago in finance and accounting. He will serve on the Audit and Asset Liability committees of the Board.
BYBK: 5.06 (-0.03)
Presidio Bank Announces Rights Offering to Purchase up to 1,000,000 Shares of the Bank's Common Stock at a Purchase Price of $12.00 Per Share; Sets Record Date
BusinessWire - Mon May 04, 4:00PM CDT
Presidio Bank (OTCBBDOB) announced today that it has set 5:00 p.m., Eastern Time, on May 15, 2015, as the record date for a rights offering.
Presidio Bank Reports Results for First Quarter 2015
BusinessWire - Wed Apr 29, 8:00AM CDT
Presidio Bank (OTCBBDOB), a Bay Area business bank, today reported unaudited results for the first quarter ended March 31, 2015 with net income for the quarter of $483 thousand, a decrease of $209 thousand from the same quarter a year ago. Two strategic initiatives implemented in the latter half of 2014 were primarily responsible for the quarter decline in earnings. The Bank incurred $210 thousand in interest expense on the $10 million of 8% coupon Subordinated Notes issued in the third quarter of 2014. Second, the Bank had in excess of $200 thousand in expenses in the first quarter of 2015 related to its newest office in San Mateo that were not in the results for the first quarter of 2014. Total assets grew to a record $549 million during the quarter.
White House Appoints John W. Keker to Presidio Trust Board of Directors; Paula R. Collins Appointed Vice Chair of Board
BusinessWire - Thu Apr 02, 12:06PM CDT
John W. Keker has been sworn in to serve on the seven member Presidio Trust Board of Directors. President Barack Obama appointed Keker, a San Francisco resident, to the board through a May 4, 2017 term, to replace the role of David H. Grubb, whose term has expired. Paula R. Collins, who was appointed to the Board in 2012, was voted in as Vice Chair of the Board. Ms. Collins, founder and director of Presidio Bank, has served in numerous urban planning projects on development teams for projects including the Moscone Convention Center and has a strong background in real estate development.
Presidio Bank Reports Net Income Growth of 29% for 2014
BusinessWire - Wed Feb 04, 7:01AM CST
Presidio Bank (OTCBBDOB), a Bay Area business bank, today reported unaudited results for the fourth quarter and full year ended December 31, 2014 with net income for the year of $3.1 million, up 29% from 2013. The fourth quarter was highlighted by $31 million in core deposit growth and $14 million in loan growth resulting in record levels in both categories. Total assets increased $32 million for the quarter and just under $100 million for the year.
Presidio Bank appoints Richard Tong as EVP and East Bay Market president
M2 - Fri Jan 09, 5:01AM CST
Presidio Bank (OTCBBDOB), a provider of business banking services, disclosed on Friday that Richard Tong has joined that company as executive vice president (EVP) and East Bay Market president.
Presidio Bank Opens San Mateo Office
BusinessWire - Tue Nov 11, 6:42PM CST
Presidio Bank (OTCBBDOB), a Bay Area business bank, today announced it will officially open its new San Mateo office on November 12, 2014. The office is located on the ground floor at 400 South El Camino Real in one of San Mateo's most prestigious office buildings. Its downtown location is easily accessed by highways 101, 92 and 280, and provides visitor parking.
Presidio Bank Reports Results for the Third Quarter 2014
BusinessWire - Tue Oct 28, 3:40PM CDT
--Total Assets exceed $500 million for the first time
Presidio Bank Announces Completion of $10 Million Private Placement of Subordinated Debt
BusinessWire - Wed Oct 22, 7:02AM CDT
Presidio Bank (OTCBBDOB), a Bay Area business bank, announced today the completion of a private placement of $10 million in aggregate principal amount of subordinated notes to certain accredited investors. The subordinated notes bear a fixed interest rate of 8% per annum, payable quarterly, and mature on September 30, 2024. The Bank estimates that the net proceeds from the sale of the notes will be approximately $9.5 million, and the notes are expected to qualify as Tier 2 capital for regulatory purposes. The Bank intends to use the net proceeds from this offering to support continued organic growth.
Steve Berry Joins Presidio Bank East Bay Team
BusinessWire - Wed Oct 08, 2:15PM CDT
Presidio Bank (OTCBB: PDOB), a Bay Area business bank, today announced that it has hired banker, Steve Berry, as Vice President and Relationship Manager in the East Bay Regional Office.
Presidio Bank Announces Retirement of COO, Sherry Price
BusinessWire - Thu May 05, 8:00AM CDT
Presidio Bank (OTCBB: PDOB), a Bay Area business bank, today announced that Executive Vice President and Chief Operating Officer Sherry Price will be retiring this month. She joined Presidio in 2007, nine months after the Bank opened for business.
Presidio Bank Reports Results for the First Quarter 2016
BusinessWire - Wed Apr 20, 8:00AM CDT
Presidio Bank (OTCBB: PDOB), a Bay Area business bank, today reported unaudited results for the first quarter ended March 31, 2016 with Net Income of $940 thousand, up 34% from the quarter ended December 31, 2015 and up 95% from the first quarter of 2015. Total Assets were down $1 million from the record level recorded in the fourth quarter of 2015 but up $105 million (19%) from the first quarter of 2015.
Presidio Bank Reports Loan Growth of 26% for 2015
BusinessWire - Tue Feb 02, 8:00AM CST
Presidio Bank (OTCBB
DOB), a Bay Area business bank, today reported unaudited results for the fourth quarter and full year ended December 31, 2015 with loan growth for the year of $108 million, up 26% from 2014. The fourth quarter was highlighted by $48 million in loan growth and $45 million in deposit growth resulting in record levels in both categories. Total assets increased $40 million for the quarter and $112 million for the year. Net Income for the year totaled $2.6 million versus $3.1 million earned in 2014. The year over year comparison was adversely impacted by $600 thousand in additional interest on the Bank's subordinated debt issued in September 2014 and by $828 thousand in additional loan loss provision expense related to the high level of loan growth in 2015. Presidio Bank Reports Results for Third Quarter 2015
BusinessWire - Thu Oct 22, 4:10PM CDT
Presidio Bank (OTCBB
DOB), a Bay Area business bank, today reported unaudited results for the third quarter ended September 30, 2015 with net income for the quarter of $687 thousand, essentially flat from the $696 thousand earned in the quarter ended June 30, 2015. In addition, Total Assets ended the quarter at $614 million, eclipsing the $600 Million total for the first time while Total Loans and Total Deposits also achieved record high levels. Presidio Bank's board elects Larry Nibbi as director
M2 - Wed Aug 12, 6:05AM CDT
Presidio Bank (OTCBB
DOB) revealed on Tuesday that Larry Nibbi has joined its subsidiary bank's board of directors. Larry Nibbi Joins Presidio Bank Board of Directors
BusinessWire - Tue Aug 11, 10:16AM CDT
Presidio Bank (OTCBB: PDOB), a Bay Area business bank, today announced that Larry Nibbi, Chief Executive Officer of Nibbi Brothers General Contractors, has joined Presidio Bank's Board of Directors. As the second generation of leadership in Nibbi Brothers, a leading Bay Area construction firm, Mr. Nibbi brings strong regional knowledge in real estate and the building trades. In addition, he has prior bank experience, having served on the Board of Directors of Borel Private Bank & Trust. A leader in the Bay Area Business, Labor and Non-Profit Communities, Mr. Nibbi serves on numerous boards and committees including San Francisco Center for Economic Development, HEART of San Mateo County, Carpenter's Health and Welfare Trust Fund, Committee on Jobs and San Francisco Boys and Girls Club. A life-long baseball fan, Mr. Nibbi is also a member of the ownership group of the San Francisco Giants.
Presidio Bank Reports Results for Second Quarter 2015
BusinessWire - Wed Jul 22, 7:00AM CDT
Presidio Bank (OTCBB: PDOB), a Bay Area business bank, today reported unaudited results for the second quarter ended June 30, 2015 with net income for the quarter of $696 thousand, an increase of $213 thousand from the quarter ended March 31, 2015. In addition, Total Deposits, Total Loans and Total Assets all ended the quarter at record high levels.
Presidio Bank Reports Completion of Rights Offering
BusinessWire - Tue Jun 30, 8:00AM CDT
Presidio Bank (OTCBB
DOB), a Bay Area business bank, reported completion of its previously announced 1,000,000 share common stock rights offering. The offering was oversubscribed by over 60%. Shares in the offering were priced at $12. Including the 1,000,000 shares issued in the offering, Presidio now has 5,261,195 shares outstanding. Company Profile for Presidio Bank
BusinessWire - Fri Jun 19, 9:20AM CDT
Presidio Bank provides business banking services to small and mid-size businesses, including professional service firms, real estate developers and investors, and not-for-profit organizations, and to their owners who desire personalized, responsive service with access to local decision makers. Presidio Bank offers clients the resources of a large bank combined with the personalized services of a neighborhood bank. Presidio Bank is headquartered in San Francisco, California and currently operates five banking offices in San Francisco, Walnut Creek, San Rafael, San Mateo and Palo Alto. More information is available at www.presidiobank.com. Presidio Bank is a member of FDIC and an Equal Housing Lender.
Presidio Bank Hires San Francisco Market Manager
BusinessWire - Wed Jun 03, 8:00AM CDT
Presidio Bank (OTCBB: PDOB), a Bay Area business bank, today announced that it has hired Mathilda Khabbaz as Senior Vice President and San Francisco Market Manager. In this newly created position, she will be responsible for leading the Bank's San Francisco office.
James Westfall Joins Presidio Bank Board of Directors
BusinessWire - Tue May 12, 8:00AM CDT
Presidio Bank (OTCBB
DOB), a Bay Area business bank, today announced that James Westfall, Principal of WALT Systems, joined Presidio Bank's board of directors. Mr. Westfall's over 30-year career includes 12 years cumulative experience as the Chief Financial Officer of three financial service companies, including four years as CFO for Greater Bay Bancorp, a $7 billion, publicly traded bank holding company that sold to Wells Fargo in 2007. Previously, he held senior positions in Treasury at Bank of America for 15 years with responsibilities concentrated in interest rate, liquidity, and capital risk management and control. He is past president of the National Asset Liability Management Association. Mr. Westfall holds a BA in economics from Duke University and an MBA from the University of Chicago in finance and accounting. He will serve on the Audit and Asset Liability committees of the Board. BYBK: 5.06 (-0.03)
Presidio Bank Announces Rights Offering to Purchase up to 1,000,000 Shares of the Bank's Common Stock at a Purchase Price of $12.00 Per Share; Sets Record Date
BusinessWire - Mon May 04, 4:00PM CDT
Presidio Bank (OTCBB
DOB) announced today that it has set 5:00 p.m., Eastern Time, on May 15, 2015, as the record date for a rights offering. Presidio Bank Reports Results for First Quarter 2015
BusinessWire - Wed Apr 29, 8:00AM CDT
Presidio Bank (OTCBB
DOB), a Bay Area business bank, today reported unaudited results for the first quarter ended March 31, 2015 with net income for the quarter of $483 thousand, a decrease of $209 thousand from the same quarter a year ago. Two strategic initiatives implemented in the latter half of 2014 were primarily responsible for the quarter decline in earnings. The Bank incurred $210 thousand in interest expense on the $10 million of 8% coupon Subordinated Notes issued in the third quarter of 2014. Second, the Bank had in excess of $200 thousand in expenses in the first quarter of 2015 related to its newest office in San Mateo that were not in the results for the first quarter of 2014. Total assets grew to a record $549 million during the quarter. White House Appoints John W. Keker to Presidio Trust Board of Directors; Paula R. Collins Appointed Vice Chair of Board
BusinessWire - Thu Apr 02, 12:06PM CDT
John W. Keker has been sworn in to serve on the seven member Presidio Trust Board of Directors. President Barack Obama appointed Keker, a San Francisco resident, to the board through a May 4, 2017 term, to replace the role of David H. Grubb, whose term has expired. Paula R. Collins, who was appointed to the Board in 2012, was voted in as Vice Chair of the Board. Ms. Collins, founder and director of Presidio Bank, has served in numerous urban planning projects on development teams for projects including the Moscone Convention Center and has a strong background in real estate development.
Presidio Bank Reports Net Income Growth of 29% for 2014
BusinessWire - Wed Feb 04, 7:01AM CST
Presidio Bank (OTCBB
DOB), a Bay Area business bank, today reported unaudited results for the fourth quarter and full year ended December 31, 2014 with net income for the year of $3.1 million, up 29% from 2013. The fourth quarter was highlighted by $31 million in core deposit growth and $14 million in loan growth resulting in record levels in both categories. Total assets increased $32 million for the quarter and just under $100 million for the year. Presidio Bank appoints Richard Tong as EVP and East Bay Market president
M2 - Fri Jan 09, 5:01AM CST
Presidio Bank (OTCBB
DOB), a provider of business banking services, disclosed on Friday that Richard Tong has joined that company as executive vice president (EVP) and East Bay Market president. Presidio Bank Opens San Mateo Office
BusinessWire - Tue Nov 11, 6:42PM CST
Presidio Bank (OTCBB
DOB), a Bay Area business bank, today announced it will officially open its new San Mateo office on November 12, 2014. The office is located on the ground floor at 400 South El Camino Real in one of San Mateo's most prestigious office buildings. Its downtown location is easily accessed by highways 101, 92 and 280, and provides visitor parking. Presidio Bank Reports Results for the Third Quarter 2014
BusinessWire - Tue Oct 28, 3:40PM CDT
--Total Assets exceed $500 million for the first time
Presidio Bank Announces Completion of $10 Million Private Placement of Subordinated Debt
BusinessWire - Wed Oct 22, 7:02AM CDT
Presidio Bank (OTCBB
DOB), a Bay Area business bank, announced today the completion of a private placement of $10 million in aggregate principal amount of subordinated notes to certain accredited investors. The subordinated notes bear a fixed interest rate of 8% per annum, payable quarterly, and mature on September 30, 2024. The Bank estimates that the net proceeds from the sale of the notes will be approximately $9.5 million, and the notes are expected to qualify as Tier 2 capital for regulatory purposes. The Bank intends to use the net proceeds from this offering to support continued organic growth. Steve Berry Joins Presidio Bank East Bay Team
BusinessWire - Wed Oct 08, 2:15PM CDT
Presidio Bank (OTCBB: PDOB), a Bay Area business bank, today announced that it has hired banker, Steve Berry, as Vice President and Relationship Manager in the East Bay Regional Office.
