Proamerica Bank CA (PMRA) 10.2000 $PMRA
Pacific Commerce Bank and ProAmerica Bank Merger Approved
BusinessWire - Mon May 16, 5:00AM CDT
Pacific Commerce Bancorp (OTC: PCBC) (the "Company"
, parent company of Pacific Commerce Bank, and ProAmerica Bank (OTC: PMRA), announced that their respective shareholders have approved the merger of the two banks. The transaction is expected to close as of May 20, 2016.
ProAmerica Bank Reports 2016 First Quarter Results of Operations
Marketwire Canada - Mon May 09, 10:41PM CDT
LOS ANGELES, CA--(Marketwired - May 9, 2016) - ProAmérica Bank (OTCQB: PMRA) today reported Net Income of $202,000 for the first quarter of 2016, or $0.06 per diluted common share. Net Loss was $79,000, or $0.03 per diluted common share for the quarter ended March 31, 2015. Total Assets at March 31, 2016 were $185.2 million, an increase of $24.8 million or 15% from March 31, 2015. "We are pleased with the Bank's momentum as we continue to focus on growth and prepare for the pending merger with Pacific Commerce Bank," stated Sal Varela, Interim President and CEO.
Pacific Commerce Bank and ProAmerica Bank Announce Regulatory Approval
BusinessWire - Wed Apr 27, 5:00AM CDT
Pacific Commerce Bancorp (OTC: PCBC) (the "Company", parent company of Pacific Commerce Bank, and ProAmerica Bank (OTC: PMRA), today announced that they have received all necessary regulatory approvals for the merger of the two banks. The transaction remains subject to and is conditioned upon receiving shareholder approvals from both institutions. The Company and ProAmerica have their respective shareholder meetings scheduled for the second week of May and expect the transaction to close shortly thereafter.
ProAmerica Bank Reports Third Quarter Results of Operations
Marketwired - Mon Nov 02, 10:36PM CST
ProAmerica Bank (OTCQB: PMRA) today reported Net Income of $339,000 for the three months ended September 30, 2015, or $0.11 per diluted common share compared to Net Income of $185,000, or $0.07 per diluted common share for the three months ended September 30, 2014. Total Assets at September 30, 2015 were $211.1 million, an increase of $49.7 million or 31% as compared to September 30, 2014. "Our growth and earnings reflect our focused approach to developing new business and expanding existing relationships. We are pleased with the growth," stated Sal Varela, Interim President and CEO. "These results are very positive and reflect the team's efforts and commitment to growing our business," said Chairwoman Maria S. Salinas.
ProAmerica Bank Reports Second Quarter Results of Operations
Marketwired - Fri Jul 31, 11:26PM CDT
ProAmerica Bank (OTCQB: PMRA) today reported Net Income of $207,000 for the second quarter of 2015, or $0.07 per common share. Net Income was $183,000, or $0.06 per diluted common share for the quarter ended June 30, 2014. "Our second quarter results reflect the Bank's continued growth due to the new programs we have instituted since the beginning of the year," stated Sal Varela, Interim President and CEO. "This quarter we put in place strategic initiatives to expand our client base and financial services, and we are beginning to see some very positive results. Our attention to the banking needs of entrepreneurs is focused and strategic. Despite the sustained soft economy in which we continue to operate, we successfully expanded and deepened our customer relationships within the communities we serve, and ProAmerica Bank continues to deliver as a prominent and respected institution in our home Los Angeles County markets. "These results are very encouraging and reflect that these initiatives are gaining traction and moving the Bank forward with additional growth and net income," said Chairwoman Maria S. Salinas.
ProAmerica Bank Reports 2015 First Quarter Results of Operations and Appointment of Director
Marketwired - Thu Apr 30, 11:17AM CDT
ProAmerica Bank (OTCQB: PMRA) today reported a Net Loss of $79,000 for the first quarter of 2015, or $0.03 per common share. Net Income was $76,000, or $0.03 per diluted common share for the quarter ended March 31, 2014. "The Bank's first quarterly loss in over three years resulted primarily from nonrecurring personnel expense," stated Sal Varela, Interim President and CEO. "While this impacted our quarter, we have a strong loan pipeline and have implemented strategies to expand deposits. With feedback from our customers, we have put a plan in place to improve overall service levels designed to expand our customer base and to keep the Bank competitive," said Varela.
ProAmerica Bank Reports Third Quarter Net Income of $185,000 and Appointment of Three Directors
Marketwired - Mon Oct 27, 4:35PM CDT
ProAmerica Bank (OTCQB: PMRA) today reported Net Income of $185,000 or 7 cents per diluted common share for the three months ended September 30, 2014. For the nine months, the Bank reported Net Income of $444,000, or 16 cents per diluted common share. Total assets increased 9% to $161.4 million at September 30, 2014, as compared to September 30, 2013. "We are pleased with the Bank's strong growth and core earnings," stated L. Bruce Mills, Jr., President and CEO. "We have an excellent team with a sound approach to bringing value to our clients," continued Mills.
Pacific Commerce Bank and ProAmerica Bank Merger Approved
BusinessWire - Mon May 16, 5:00AM CDT
Pacific Commerce Bancorp (OTC: PCBC) (the "Company"
, parent company of Pacific Commerce Bank, and ProAmerica Bank (OTC: PMRA), announced that their respective shareholders have approved the merger of the two banks. The transaction is expected to close as of May 20, 2016. ProAmerica Bank Reports 2016 First Quarter Results of Operations
Marketwire Canada - Mon May 09, 10:41PM CDT
LOS ANGELES, CA--(Marketwired - May 9, 2016) - ProAmérica Bank (OTCQB: PMRA) today reported Net Income of $202,000 for the first quarter of 2016, or $0.06 per diluted common share. Net Loss was $79,000, or $0.03 per diluted common share for the quarter ended March 31, 2015. Total Assets at March 31, 2016 were $185.2 million, an increase of $24.8 million or 15% from March 31, 2015. "We are pleased with the Bank's momentum as we continue to focus on growth and prepare for the pending merger with Pacific Commerce Bank," stated Sal Varela, Interim President and CEO.
Pacific Commerce Bank and ProAmerica Bank Announce Regulatory Approval
BusinessWire - Wed Apr 27, 5:00AM CDT
Pacific Commerce Bancorp (OTC: PCBC) (the "Company"
, parent company of Pacific Commerce Bank, and ProAmerica Bank (OTC: PMRA), today announced that they have received all necessary regulatory approvals for the merger of the two banks. The transaction remains subject to and is conditioned upon receiving shareholder approvals from both institutions. The Company and ProAmerica have their respective shareholder meetings scheduled for the second week of May and expect the transaction to close shortly thereafter. ProAmerica Bank Reports Third Quarter Results of Operations
Marketwired - Mon Nov 02, 10:36PM CST
ProAmerica Bank (OTCQB: PMRA) today reported Net Income of $339,000 for the three months ended September 30, 2015, or $0.11 per diluted common share compared to Net Income of $185,000, or $0.07 per diluted common share for the three months ended September 30, 2014. Total Assets at September 30, 2015 were $211.1 million, an increase of $49.7 million or 31% as compared to September 30, 2014. "Our growth and earnings reflect our focused approach to developing new business and expanding existing relationships. We are pleased with the growth," stated Sal Varela, Interim President and CEO. "These results are very positive and reflect the team's efforts and commitment to growing our business," said Chairwoman Maria S. Salinas.
ProAmerica Bank Reports Second Quarter Results of Operations
Marketwired - Fri Jul 31, 11:26PM CDT
ProAmerica Bank (OTCQB: PMRA) today reported Net Income of $207,000 for the second quarter of 2015, or $0.07 per common share. Net Income was $183,000, or $0.06 per diluted common share for the quarter ended June 30, 2014. "Our second quarter results reflect the Bank's continued growth due to the new programs we have instituted since the beginning of the year," stated Sal Varela, Interim President and CEO. "This quarter we put in place strategic initiatives to expand our client base and financial services, and we are beginning to see some very positive results. Our attention to the banking needs of entrepreneurs is focused and strategic. Despite the sustained soft economy in which we continue to operate, we successfully expanded and deepened our customer relationships within the communities we serve, and ProAmerica Bank continues to deliver as a prominent and respected institution in our home Los Angeles County markets. "These results are very encouraging and reflect that these initiatives are gaining traction and moving the Bank forward with additional growth and net income," said Chairwoman Maria S. Salinas.
ProAmerica Bank Reports 2015 First Quarter Results of Operations and Appointment of Director
Marketwired - Thu Apr 30, 11:17AM CDT
ProAmerica Bank (OTCQB: PMRA) today reported a Net Loss of $79,000 for the first quarter of 2015, or $0.03 per common share. Net Income was $76,000, or $0.03 per diluted common share for the quarter ended March 31, 2014. "The Bank's first quarterly loss in over three years resulted primarily from nonrecurring personnel expense," stated Sal Varela, Interim President and CEO. "While this impacted our quarter, we have a strong loan pipeline and have implemented strategies to expand deposits. With feedback from our customers, we have put a plan in place to improve overall service levels designed to expand our customer base and to keep the Bank competitive," said Varela.
ProAmerica Bank Reports Third Quarter Net Income of $185,000 and Appointment of Three Directors
Marketwired - Mon Oct 27, 4:35PM CDT
ProAmerica Bank (OTCQB: PMRA) today reported Net Income of $185,000 or 7 cents per diluted common share for the three months ended September 30, 2014. For the nine months, the Bank reported Net Income of $444,000, or 16 cents per diluted common share. Total assets increased 9% to $161.4 million at September 30, 2014, as compared to September 30, 2013. "We are pleased with the Bank's strong growth and core earnings," stated L. Bruce Mills, Jr., President and CEO. "We have an excellent team with a sound approach to bringing value to our clients," continued Mills.
