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1st Pacific Bank of California Named One of California's Super Premier Performing Banks.


Business Editors

SAN DIEGO--(BUSINESS WIRE)--June 3, 2004

1st Pacific Bank of California The Bank of California was founded in San Francisco, California on July 5, 1864 by William Chapman Ralston. It was the first commercial bank in the Western United States, the second-richest bank in the nation, and considered instrumental in developing the American Old West.  (1st Pacific Bank) (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:FPBS FPBS Florida Public Broadcasting Service
FPBS Federação Portuguesa de Basebol e Softbol
FPBS Florida Property and Business Solutions, LLC (Cocoa Beach, FL and West Sussex, UK) 
) has been named a Super Premier Performing bank by The Findley Reports, a financial information company that provides the banking industry with performance benchmarking.

The Super Premier designation is the first of its kind for the 3-and-a-half-year-old, locally owned bank.

"The relationship culture we've put in place at 1st Pacific Bank has empowered our people to bring value to our customers," said Vince Siciliano Si`ci`li`a´no

n. 1. A Sicilian dance, resembling the pastorale, set to a rather slow and graceful melody in 12-8 or 6-8 measure; also, the music to the dance.
, 1st Pacific Bank's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "When a bank solves problems, makes quick decisions for its customers and thinks out-of-the-box, success is the result. Our people deserve the credit for our super premier performance."

The designation was announced in the Findley Reports' April 2004 newsletter. The Findley Reports considers many criteria when determining bank performance, including growth, net operating income Operating Income

The profit realized from a business' own operations.

Notes:
This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit.
, net loan loss and equity return. The Super Premier Performing designation is the highest the Findley Reports awards, the others being Premier Performing and Commendable Performing designations.

About 1st Pacific Bank of California

1st Pacific Bank is a San Diego-based, locally owned and operated financial institution. The bank offers a full complement of business, personal and online banking products and services. Offices are located on Regents Road in the Golden Triangle Golden Triangle can refer to:
  • Geographical areas:
  • Golden Triangle (Southeast Asia), golden for its opium production
 area of La Jolla, in the Tri-Cities area of Oceanside on College Boulevard and in Mission Valley on Rio San Diego Drive. The bank opened Nov. 17, 2000, after raising $11.5 million in an initial public offering. 1st Pacific Bank has steadily grown its assets to more than $150 million.

PLEASE NOTE: This press release is distributed via Business Wire, with direct distribution to local San Diego news media, including newspapers, other local, weekly and monthly publications, and television and radio broadcast news departments. It is concurrently distributed to national investor newswire and financial information reporting services. Certain statements in this press release, including statements regarding the anticipated development and expansion of the Company's business, and the intent, belief or current expectations of the Company, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 3, 2004
Words:385
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