San Diego’s Bank of Southern California NA Recognized as a Top Small Business Lender
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced it was awarded two top small business lending partner awards in the medium sized bank category by the San Diego District Office of the U.S. Small Business Administration based on the largest quantity and dollar volume of SBA 7(a) loans originated. The rankings reflect the SBA's fiscal year-end results as of September 30, 2017. These accolades follow the bank's recognition by the SBA as the top performing small business lending partner for medium sized banks in 2016.
Bank of Southern California, N.A. (BCAL) Announces Amanda Conover as VP, Director of Marketing
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. ( OTC Pink: BCAL / OTCMKTS:BCAL ), a community business bank headquartered in San Diego, Calif., has named Amanda Conover as Vice President, Director of Marketing. She will be responsible for developing and executing a strategic marketing plan that strengthens brand awareness and drives growth, further supporting the Bank's efforts to increase its presence as it continues its expansion in the Southern California region.
Bank of Southern California, N.A. (BCAL) Announces its Fourth Quarter and Year-end 2017 Results
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced quarterly earnings of $1,134,397 for the fourth quarter of 2017, compared to $1,088,043 for the third quarter of 2017 and $902,476 for the fourth quarter of 2016. For the year, net earnings were $3,964,692 in 2017, a 32% increase compared to $3,009,251 for 2016. Results for the fourth quarter and year ended December 2017 include a $200,000 increase in income tax expense due to recent Tax Reform legislation.
Bank of Southern California, N.A. announces new Commercial Real Estate and SBA Lending Group
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS: BCAL), announced that Steve Pollett has joined the company as SVP, SBA and Commercial Real Estate Lending Group Manager. With more than 30 years' experience in SBA and Commercial Real Estate lending, Pollett will be responsible for leading a team to provide financing to small and medium-sized businesses throughout the Southern California region. Prior to joining Bank of Southern California, Pollett was Senior Vice President and Group Manager of Commercial Lending with Plaza Bank.
Kathy Gonzales Named Senior VP, Director of Branch Banking for Bank of Southern California N.A. (BCAL)
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has appointed Kathy Gonzales as Senior Vice President, Director of Branch Banking. She will be responsible for supporting the Bank's commitment to the customer experience by deepening customer relationships, and identifying opportunities to increase the bank's market share.
Bank of Southern California, NA Opens New Banking Branch in City of Orange, Calif.
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), a community business bank headquartered in San Diego, has announced the opening of a production office in Orange County in the city of Orange, Calif. In addition, the bank said it is actively looking to expand into other Southern California markets, as the company continues to grow the banks franchise throughout the Southern California region.
Oak Hill Capital to Invest in EPIC Insurance Brokers & Consultants to Support its Further Expansion
SAN FRANCISCO, Calif. /California Newswire/ -- EPIC Insurance Brokers & Consultants, a retail property, casualty insurance brokerage, and employee benefits consultant, announced today that private equity firm Oak Hill Capital Partners (Oak Hill) has agreed to acquire all of The Carlyle Group (NASDAQ:CG) stake, giving Oak Hill a controlling equity position in EPIC. Oak Hill's investment will enable EPIC to continue its aggressive organic growth strategy.
Melyn Acasio Joins Bank of Southern California, N.A. at its Del Mar Corporate Office
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that Melyn Acasio has joined the Bank as Vice President, Client Relationship Manager at the Del Mar Corporate office. She will primarily focus on building new client relationships for the bank.
Qualia Partners with Stewart Information Services Corp. to Enhance Title Agent Experience
SAN FRANCISCO, Calif. /California Newswire/ -- Qualia, the fastest growing provider of title settlement software, announced it has completed an integration with Stewart Information Services Corp. (NYSE:STC), a leading provider of title insurance. Through the integration with Stewart Access, title agents will be able to obtain Stewart rate information, create title policy jackets and issue Closing Protection Letters (CPLs) directly within Qualia.
Bank of Southern California, NA Promotes Tony DiVita to Executive VP, Chief Banking Officer
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTCMKTS:BCAL / OTC Pink: BCAL) announced that Tony DiVita has been promoted to the role of Executive Vice President, Chief Banking Officer. In his expanded role, he will continue to oversee new business origination and customer retention efforts, the Small Business Administration (SBA) Group, and bank marketing.
Bank of Southern California, N.A. Completes $7M Capital Offering and Announces New Board of Directors
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTCMKTS:BCAL) announced that it has completed a capital raise of $7 million through a stock purchase agreement of the Bank's common stock with Castle Creek Capital, based in Rancho Santa Fe, California.
nCino Bank OS selected by Bank of Southern California, N.A. to Improve Workflow Process
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced today that it has selected nCino's Bank Operating System to automate the Bank's lending and treasury management processes, enabling the bank to ultimately better serve its customers.
Bank of Southern California, N.A. Announces $7M Capital Offering with Castle Creek Capital
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced today that it has signed a stock purchase agreement for a private placement of $7 million of the Bank's common stock with Castle Creek Capital, based in Rancho Santa Fe, California. The transaction is anticipated to close in the fourth quarter, subject to regulatory approvals and other standard closing conditions.
Bank of Southern California, N.A. Recognized as a Top Small Business Lender
SAN DIEGO, Calif., /California Newswire/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) has been recognized as a top small business lender in San Diego County based on the volume of SBA 7(a) loans originated according to the San Diego District Office of the U.S. Small Business Administration's fiscal year-end lender rankings as of July 31, 2016.
Bank of Southern California N.A. adds Kt Duong and Troy Ferguson to Sales Team
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), welcomes Kt Duong and Troy Ferguson, as Vice President, Business Relationship Managers to its seasoned team of bankers. Mr. Duong has been in banking and finance for 8 years, including Commercial Capital Partners, Commercewest Bank and Citigroup.
The Carlyle Group Acquires Wholesale Trading Co-op and Rebrands Firm as Wholesale Trading Insurance Services
SAN FRANCISCO, Calif. /California Newswire/ -- Wholesale Trading Co-op Insurance Services, a privately-held wholesale insurance specialist serving a group of leading retail insurance brokers, announced today that The Carlyle Group (NASDAQ:CG) has agreed to acquire a majority stake in wholesale insurance broker JenCap Holdings, LLC and the assets of Wholesale Trading Co-Op Insurance Services, which will be re-named Wholesale Trading Insurance Services, LLC.
Bank of Southern California N.A. Announces Senior VP Promotions in San Diego
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced the promotion of Marie Crivello and Debbie Marshall to Senior Vice President. Ms. Crivello joined Bank of Southern California in 2012 as Vice President, Client Relationship Manager. She has over 16 years of banking and client relationship management experience. Ms. Marshall joined the bank in 2011 as Vice President, Deposit Operations, bringing over 30 years of banking, compliance, and risk management experience to the bank.
Bank of Southern California NA Announces Change of its Ticker Symbol to BCAL
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL), announced today that FINRA has approved a change in the Company's stock symbol. As of Monday, December 21, 2015 the new trading symbol for Bank of Southern California is BCAL. The former symbol, FBBN is no longer valid.
Bank of Southern California N.A. promotes Rhonda Guthrie to Senior VP
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTCQB:FBBN / OTCMKTS:FBBN) has announced the promotion of Rhonda Guthrie to the position of Senior Vice President, Loan Administration. With over 20 years in Loan Administration, Guthrie joined the Company in 2013 as Loan Administration Manager responsible for all functions related to loan processing, documentation, compliance and loan servicing.
Tammy DeWitt and Tom Welch Join Bank of Southern California N.A.
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTCQB:FBBN / OTCMKTS:FBBN) welcomes Tom Welch as Senior Vice President, SBA Department Manager and Tammy DeWitt as Vice President, SBA Loan Underwriting Manager to its seasoned team of Southern California bankers. Both Mr. Welch and Ms. Dewitt have been in the banking industry for 37 years and both have over 27 years of SBA and conventional lending and relationship management experience.
Bank of Southern California N.A. Announces Coachella Valley Advisory Board to Help Increase Presence and Market Awareness
PALM DESERT, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTC:FBBN / OTCMKTS:FBBN) announced the creation of its Coachella Valley Advisory Board. This board is comprised of prominent members of the business community in the Desert Cities region who will help increase the bank's presence and market awareness while providing valuable input to better understand the business needs in the Coachella Valley.
Bank of Southern California, N.A. Raises $7.2 Million in Capital to Fuel Organic and Acquisition Related Growth
SAN DIEGO, Calif. /California Newswire/ -- Bank of Southern California, N.A. (OTCMKTS:FBBN) (the 'Bank') announced today that it completed a private placement of approximately $7.2 million of its common stock, positioning the Company to grow its Southern California Franchise.
Bank of Southern California welcomes Irwin Golds to Board of Directors
PALM DESERT, Calif. /California Newswire/ -- Bank of Southern California (FBBN / OTCMKTS:FBBN) today announced that Irwin Golds, long time Coachella Valley banking and business executive has been appointed to the company's board of directors. In December 2010, the bank acquired the La Quinta and Palm Springs branches from Palm Desert National Bank as its entry into the Coachella Valley which the bank sees as a key Southern California market.
Integrated Comfort, Inc. has completed DualCool installations on 12 more Walmart stores in Northern and Central California
VACAVILLE, Calif. /California Newswire/ -- Integrated Comfort, Inc. has completed DualCool installations on 12 more Walmart Stores (NYSE: WMT) in Northern and Central California. DualCool is a retrofittable system that significantly improves the efficiency of rooftop cooling units (RTU's) in dry climates.
Interthinx White Paper 'A Proven Approach to Stress Testing' on Retail Loan Portfolios Offers Best Practices for Lenders
AGOURA HILLS, Calif. /California Newswire/ -- The Predictive Analytics Group at Interthinx, a Verisk Analytics (NASDAQ:VRSK) subsidiary, announced today the availability of a white paper outlining its recommendations for conducting stress testing on retail lending portfolios: 'A Proven Approach to Stress Testing Consumer Loan Portfolios.'
TeamF1 and Cavium Expand Collaboration with Optimized Software for ECONA Processors
FREMONT, Calif. /California Newswire/ -- TeamF1, Inc. (www.TeamF1.com), the high-performance embedded networking and security software company, and Cavium Networks (NASDAQ: CAVM), a leading provider...
TeamF1 Software Drives Industry-Leading NETGEAR Wireless Security Routers
FREMONT, Calif. /California Newswire/ -- TeamF1, Inc., the leader in embedded networking and security software, today announced that it had expanded its partnership with...
Banking Veteran Marshall V. Laitsch Joins Board of 1st Pacific Bancorp and 1st Pacific Bank of California
SAN DIEGO, Calif. /California Newswire/ -- 1st Pacific Bancorp (NASDAQ: FPBN), the parent of 1st Pacific Bank of California, announced today the appointment of...
EV Rental Cars, LLC Takes Delivery of New Hybrid Fleet
LOS ANGELES, Calif. -- EV Transportation, Inc. (OTC:EVTP / EVTP.OB), owner of EV Rental Cars, LLC, today announced it is taking delivery of new...
Frank J. Mercardante Resigns from 1st Pacific Bancorp Board of Directors
SAN DIEGO, Calif. -- 1st Pacific Bancorp (NASDAQ: FPBN) announced today that Frank J. Mercardante, a member of the board of directors of 1st Pacific Bancorp since July 2007, resigned from the Company's board. Prior to his appointment as a director of 1st Pacific Bancorp, Mr. Mercardante was Chairman and CEO of Placer Sierra Bank and previously was President and Chief Executive Officer of Southwest Community Bancorp since 1998.
Prime Companies, Inc. Successfully Acquires Mount Logic Assets
YUBA CITY, Calif. -- Prime Companies, Inc. (OTC: PRMC / PRMC.pk) announces that it has executed an agreement and has consummated the purchase of certain strategic assets from Mount Logic, LLC, including Mount Logic's Manufacturing Patents of ergonomic arms and mounts.
