Business Bank of California Declares 25% Stock Distribution.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)--July 23, 1999-- Alan J. Lane, president/chief executive officer, Friday announced that the board of directors 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. declared a 25% stock distribution at its regular meeting, held on July 21, 1999. The stock distribution will be made on Aug. 27, 1999, to shareholders of record as of Aug. 6, 1999. In commenting on the distribution, Lane stated that the board of directors felt that the bank's steady growth and continued profitability warranted their decision to recognize the support of its shareholders with the declared distribution. Lane also commented on the bank's plans to open their seventh branch, in the city of Ontario, this Summer, "The Ontario market represents significant opportunity for Business Bank of California. In 1997, the bank formulated a five year plan that clearly defined future growth strategies. The city of Ontario distinctly meets the criteria the bank set at that time; to foster growth of the organization through acquisition and expansion along 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. corridor. We've been extremely fortunate in obtaining an excellent location, at the Haven offramp of the 10 frwy. and an excellent management staff, headed by Stan STAN Stanchion STAN Stärke- und Ausrüstungsnachweis (German) Stan Standard Man (human patient simulator) STAN SEMCIP Technical Assistance Network STAN System Trace Audit Number STAN Star Trek Area Network Cruse, formerly with Golden Pacific Bank. Plans for the development of this new office are being aggressively launched." BUSINESS BANK of California has served the Inland Empire since 1984 and operates branches in the cities of San Bernardino, Corona Corona, city, United States Corona (kərō`nə), city (1990 pop. 76,095), Riverside co., S Calif.; inc. 1896. The city developed as a primary citrus fruit producer and shipping center. There is also light manufacturing. , Redlands, Hesperia and Phelan. A new office will be opened in the city of Ontario this summer. The bank is strongly focused on providing high quality, personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. services to small businesses, professionals and consumers. Visit Business Bank of California on the Internet at www.businessbank.com. Business Bank of California stock information is available utilizing the symbol (BBNK). |
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