Business Bancorp Declares Regular Quarterly Cash Dividend.Business Editors SAN RAFAEL San Rafael (săn rəfĕl`), residential city (1990 pop. 48,404), seat of Marin co., W Calif., a suburb of San Francisco on the northern shore of San Francisco Bay; inc. 1913. , Calif. & SAN BERNARDINO, Calif.--(BUSINESS WIRE)--Sept. 2, 2003--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. , today announced its Board of Directors declared a regular quarterly cash dividend of $0.01 per share payable September 26 to shareholders of record on September 12, 2003. In July, Business Bancorp reported second quarter earnings increased 30% on the strength of improved operating efficiencies and the synergies derived from its 2001 merger of equals with MCB (Memory Control Block) An identifier (16 bytes) that DOS places in front of each block of memory it allocates. Financial Corp. Also, commercial real estate loans in the portfolio had increased 19% over the level 12 months earlier. GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). earnings per diluted share in the second quarter increased 27% to $.38 per share, compared to $.30 per share, in the second quarter 2002. About Business Bancorp Business Bancorp, parent of Business Bank of California, completed a merger of equals with MCB Financial, parent of Metro Commerce Bank, in December 2001. The bank now has assets of more than $600 million and operates 15 branches offering retail banking, commercial, construction, and SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government lending. The bank operates in the Southern California cities of Corona, Hemet, Hesperia, Ontario, Phelan, Riverside, Redlands, Upland and San Bernardino, and in the Northern California cities of San Rafael, Petaluma, San Francisco, South San Francisco South San Francisco, city (1990 pop. 54,312), San Mateo co., W Calif.; inc. 1908. South San Francisco has several industrial parks; its manufactures include medical supplies and equipment, foods, paint, paper products, consumer goods, and clothing. , and Hayward. The branches are strongly focused on providing high-quality, personalized services to small businesses, professionals and consumers. For further information on the company, visit our website at www.businessbank.com or e-mail your request to pphelan@businessbank.com or info@businessbank.com. Include your name, phone, facsimile, e-mail and mailing address. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion