Pan Pacific Bank CA (PPFC) 4.6500 $PPFC
California Bank of Commerce Reports First Quarter 2016 Earnings
BusinessWire - Wed Apr 27, 3:01PM CDT
California Bank of Commerce (OTCQX: CABC) a San Francisco Bay Area business bank, today reported unaudited financial results for the first quarter of 2016 with net income to common shareholders of $876 thousand, increasing 33% over first quarter 2015. Total assets were $637 million on March 31, 2016 compared to $462 million on the same date in 2015.
California Bank of Commerce Reports Full Year 2015 Earnings Including Record Deposits, Loans, and Net Interest Income
BusinessWire - Thu Feb 04, 4:46PM CST
California Bank of Commerce (OTCQX:CABC) a San Francisco Bay Area business bank, today reported financial results for the fourth quarter and full year 2015.
California Bank of Commerce Completes Acquisition of Pan Pacific Bank
BusinessWire - Mon Jan 04, 8:00AM CST
California Bank of Commerce (OTCQX:CABC) today announced that on December 31, 2015, it completed its previously announced acquisition of Pan Pacific Bank (OTCPINK
PFC). The acquisition, which was first announced on September 18, 2015, was concluded following receipt of approval for the transaction from the shareholders of California Bank of Commerce and Pan Pacific Bank, and all required regulatory approvals. The combined bank has over $650 million in assets with offices in San Jose, Fremont, Oakland, and Lafayette, California.
California Bank of Commerce and Pan Pacific Bank declares extension of shareholders' election deadline
M2 - Thu Dec 03, 6:42AM CST
California Bank of Commerce (CABC) (OTCQX:CABC) and Pan Pacific Bank (PPFC) (OTCPinkPFC) together disclosed on Thursday that the election deadline for PPFC shareholders to decide whether to receive shares of CABC common stock, cash, or a combination thereof, has been extended to 17:00 PST on 15 December 2015, .
California Bank of Commerce and Pan Pacific Bank Announce Extension of the Election Deadline
BusinessWire - Wed Dec 02, 4:02PM CST
California Bank of Commerce (OTCQX: CABC) and Pan Pacific Bank (OTCPink: PPFC) today announced that the election deadline for PPFC shareholders to elect to receive shares of CABC common stock, cash, or a combination thereof has been extended from December 4, 2015 to December 15, 2015. Both CABC and PPFC decided to extend the Election Deadline to afford PPFC shareholders additional time to make their elections.
California Bank of Commerce and Pan Pacific Bank Announce Shareholder Approvals
BusinessWire - Mon Nov 30, 3:00PM CST
California Bank of Commerce (OTCQX: CABC) and Pan Pacific Bank (OTCPink: PPFC) today announced that the shareholders of both CABC and PPFC approved the merger of PPFC with and into CABC at the special shareholder meetings of each bank held on November 30, 2015. It is still anticipated that the closing of the merger of PPFC with and into CABC will occur by year-end 2015 or early in the first quarter of 2016.
Pan Pacific Bank Announces Financial Results for September 30, 2015, Strong Loan and Deposit Growth Improved Core Earnings
BusinessWire - Fri Nov 06, 1:15PM CST
Pan Pacific Bank (OTCBBPFC) today announced its unaudited financial results for the period ended September 30, 2015, including total assets of $141.5 million, net loans of $111.7 million and deposits of $120.2 million. Pre tax earnings for the three and nine months ended September 30, 2015 were $349,458 and $737,904, respectively, compared to $56,468 and $247,026, respectively, for the same periods in 2014.
California Bank of Commerce Reports Record Assets on Continued Growth
BusinessWire - Wed Oct 28, 3:01PM CDT
California Bank of Commerce (OTCQX:CABC) announced net income of $915 thousand for the third quarter of 2015, compared to $796 thousand in the second quarter of 2015 and $737 thousand for the third quarter 2014. Basic earnings per common share totaled $0.20 in the third quarter of 2015, compared to $0.18 in the prior quarter and $0.16 in the same quarter a year ago. Year-to-date earnings totaled $2.40 million in 2015, compared to $2.41 million for the same nine-month period a year ago. Year-to-date basic earnings per share totaled $0.53 in 2015 compared to $0.71 for the same period a year ago.
California Bank of Commerce and Pan Pacific Bank to Merge
BusinessWire - 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
BusinessWire - 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 Named One of Top 200 Healthiest Banks in America
BusinessWire - 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
BusinessWire - 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
BusinessWire - 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
BusinessWire - 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
BusinessWire - 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 Year-To-Date Growth in Net Loans 15.5%
BusinessWire - 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."
California Bank of Commerce Reports First Quarter 2016 Earnings
BusinessWire - Wed Apr 27, 3:01PM CDT
California Bank of Commerce (OTCQX: CABC) a San Francisco Bay Area business bank, today reported unaudited financial results for the first quarter of 2016 with net income to common shareholders of $876 thousand, increasing 33% over first quarter 2015. Total assets were $637 million on March 31, 2016 compared to $462 million on the same date in 2015.
California Bank of Commerce Reports Full Year 2015 Earnings Including Record Deposits, Loans, and Net Interest Income
BusinessWire - Thu Feb 04, 4:46PM CST
California Bank of Commerce (OTCQX:CABC) a San Francisco Bay Area business bank, today reported financial results for the fourth quarter and full year 2015.
California Bank of Commerce Completes Acquisition of Pan Pacific Bank
BusinessWire - Mon Jan 04, 8:00AM CST
California Bank of Commerce (OTCQX:CABC) today announced that on December 31, 2015, it completed its previously announced acquisition of Pan Pacific Bank (OTCPINK
PFC). The acquisition, which was first announced on September 18, 2015, was concluded following receipt of approval for the transaction from the shareholders of California Bank of Commerce and Pan Pacific Bank, and all required regulatory approvals. The combined bank has over $650 million in assets with offices in San Jose, Fremont, Oakland, and Lafayette, California. California Bank of Commerce and Pan Pacific Bank declares extension of shareholders' election deadline
M2 - Thu Dec 03, 6:42AM CST
California Bank of Commerce (CABC) (OTCQX:CABC) and Pan Pacific Bank (PPFC) (OTCPink
PFC) together disclosed on Thursday that the election deadline for PPFC shareholders to decide whether to receive shares of CABC common stock, cash, or a combination thereof, has been extended to 17:00 PST on 15 December 2015, . California Bank of Commerce and Pan Pacific Bank Announce Extension of the Election Deadline
BusinessWire - Wed Dec 02, 4:02PM CST
California Bank of Commerce (OTCQX: CABC) and Pan Pacific Bank (OTCPink: PPFC) today announced that the election deadline for PPFC shareholders to elect to receive shares of CABC common stock, cash, or a combination thereof has been extended from December 4, 2015 to December 15, 2015. Both CABC and PPFC decided to extend the Election Deadline to afford PPFC shareholders additional time to make their elections.
California Bank of Commerce and Pan Pacific Bank Announce Shareholder Approvals
BusinessWire - Mon Nov 30, 3:00PM CST
California Bank of Commerce (OTCQX: CABC) and Pan Pacific Bank (OTCPink: PPFC) today announced that the shareholders of both CABC and PPFC approved the merger of PPFC with and into CABC at the special shareholder meetings of each bank held on November 30, 2015. It is still anticipated that the closing of the merger of PPFC with and into CABC will occur by year-end 2015 or early in the first quarter of 2016.
Pan Pacific Bank Announces Financial Results for September 30, 2015, Strong Loan and Deposit Growth Improved Core Earnings
BusinessWire - Fri Nov 06, 1:15PM CST
Pan Pacific Bank (OTCBB
PFC) today announced its unaudited financial results for the period ended September 30, 2015, including total assets of $141.5 million, net loans of $111.7 million and deposits of $120.2 million. Pre tax earnings for the three and nine months ended September 30, 2015 were $349,458 and $737,904, respectively, compared to $56,468 and $247,026, respectively, for the same periods in 2014. California Bank of Commerce Reports Record Assets on Continued Growth
BusinessWire - Wed Oct 28, 3:01PM CDT
California Bank of Commerce (OTCQX:CABC) announced net income of $915 thousand for the third quarter of 2015, compared to $796 thousand in the second quarter of 2015 and $737 thousand for the third quarter 2014. Basic earnings per common share totaled $0.20 in the third quarter of 2015, compared to $0.18 in the prior quarter and $0.16 in the same quarter a year ago. Year-to-date earnings totaled $2.40 million in 2015, compared to $2.41 million for the same nine-month period a year ago. Year-to-date basic earnings per share totaled $0.53 in 2015 compared to $0.71 for the same period a year ago.
California Bank of Commerce and Pan Pacific Bank to Merge
BusinessWire - 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
BusinessWire - Thu Jul 23, 3:03PM CDT
Pan Pacific Bank (OTCBB
PFC) 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 Named One of Top 200 Healthiest Banks in America
BusinessWire - Tue Jun 30, 11:01AM CDT
Pan Pacific Bank (OTCBB
PFC) 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 (OTCBB
PFC) 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
BusinessWire - Thu Apr 30, 2:13PM CDT
Pan Pacific Bank (OTCBB
PFC) 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
BusinessWire - 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
BusinessWire - Thu Jan 29, 11:00AM CST
Pan Pacific Bank (OTCBB
PFC) 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
BusinessWire - Thu Dec 04, 11:01AM CST
Pan Pacific Bank (OTCBB
PFC) 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 Year-To-Date Growth in Net Loans 15.5%
BusinessWire - 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."
