Business Bancorp Declares Cash Dividend.Business Editors SAN BERNARDINO San Bernardino, city, United States San Bernardino (săn bûr'nədē`nō), city (1990 pop. 164,164), seat of San Bernardino co., S Calif., at the foot of the San Bernardino Mts.; inc. 1854. , Calif.--(BUSINESS WIRE)--Dec. 10, 2001 Business Bancorp (Nasdaq:BZBC), the parent company of Business 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. (www.businessbank.com), announced its Board of Directors declared a cash dividend of $0.01 per share payable Dec. 31, 2001 to shareholders of record on Dec. 20, 2001. Earlier this year, Business Bancorp and MCB (Memory Control Block) An identifier (16 bytes) that DOS places in front of each block of memory it allocates. Financial (AMEX AMEX See: American Stock Exchange :MCB) announced they have agreed to combine the two banks in a merger of equals. "After completion of the merger, Business Bank of California will have branches in both Northern and Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, ," said Alan J. Lane, 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. . "Our goal is to build a first-class, state-wide middle market business bank, starting with the solid foundation of our two organizations." Recently the company reported net income of $631,000 or $.30 per diluted share for the quarter ended Sept. 30, 2001, compared with net earnings of $582,000 or $0.29 per share, for the three months ended Sept. 30, 2000. Cash earnings of $736,000, which exclude the after tax impact of amortization of goodwill and identifiable intangibles, increased to $.35 per diluted share for the quarter ended Sept. 30, 2001 compared with $.32 per diluted share for, the three months ended Sept. 30, 2000. Business Bank of California has served the Inland Empire In·land Empire A region of the northwest United States between the Cascade Range and the Rocky Mountains, comprising eastern Washington, eastern Oregon, northern Idaho, and western Montana. Farming, lumbering, and mining are important to the area. since 1984. The Bank operates nine branches in the cities of Corona, Hemet, Hesperia, Ontario, Phelan, Redlands, Riverside and San Bernardino. They are strongly focused on providing high quality, personalized services to small businesses, professionals and consumers. Information regarding Business Bancorp stock can be obtained on Nasdaq's Small Cap Market utilizing the symbol (BZBC). For information on the company or to obtain the company's quarterly financial supplement, e-mail your request to travis@businessbank.com or call Travis E. Kawelmacher, Vice President -- Controller at 909/281-1900. Include your phone, facsimile and mailing address. |
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