Corporate Profile for American Pacific Bank, dated Dec. 24, 1999.Business Editors --(BUSINESS WIRE) The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services.
Published Date: Dec. 24, 1999
Company Name: American Pacific Bank
Address: 121 SW Morrison St., Suite 900
Portland, OR 97204
Main Telephone
Number: 503-221-5801
Internet Home
Page Address
(URL) www.apbank.com
Chief Executive
Officer: David Chen
Chief Financial
Officer: Richard Cheong
Investor Relations
Contact: Richard Cheong
Business number: 503-221-5801
E-mail address: rcheong@aol.com
Public Relations
Contact: Richard Cheong
Business number: 503-221-5801
E-mail address: rcheong@aol.com
Industry: Banking
Trading Symbol/
Exchange: (Nasdaq:AMPBB)
Market Makers: Knight Securities, Black & Company, Herzog, Heine,
Geduld, Inc., Island System Corporation, Terra Nova Trading LLC,
Wm. V. Frankel & Co.
Company Description: American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Pacific Bank was organized and continues to operate under the laws of the State of Oregon Oregon, city, United States Oregon, city (1990 pop. 18,334), Lucas co., NW Ohio, a suburb adjacent to Toledo, on Lake Erie; inc. 1958. It is a port with railroad-owned and -operated docks. The city has industries producing oil, chemicals, and metal products. . The Bank is a member of the Federal Reserve Bank of San Francisco The Federal Reserve Bank of San Francisco is the federal bank for the twelfth district in the United States. The twelfth district is made up of nine western states—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, , and all deposits are insured by the Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. . American Pacific has traded within the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on system (Nasdaq:AMPBB) since 1989. American Pacific Bank was formed in 1979 to provide banking services to the rural communities of Aumsville and Mill City, Oregon
Today, the Bank has a reputation of providing friendly, personal, and efficient service to customers living throughout Oregon and Southwest Washington in the areas of construction lending, commercial loans, permanent mortgages, business financing, consumer loans, and deposit services. The Bank moved its headquarters to the Portland metro area This article is about the music production team. For the article about population centers, see metropolitan area. Metro Area are a Brooklyn-based dance music production team composed of Morgan Geist and Darshan Jesrani. in May of this past year. American Pacific Bank's future will continue to be characterized char·ac·ter·ize tr.v. character·ized, character·iz·ing, character·iz·es 1. To describe the qualities or peculiarities of: characterized the warden as ruthless. 2. by continued growth and success.
RESULTS OF OPERATIONS 1998
Interest Income $ 4,660
Interest Expense 1,858
Net Interest Income 2,802
Provision for Loan Losses 62
Other Income 280
Other Expenses 2,478
Income Before Income Taxes 542
Income Taxes/(Benefit) 74
Net Income 468
PER SHARE DATA
Net Income Per Share 0.41
Book Value Per Share 4.03
BALANCES AT YEAR END
Total Assets 51,874
Loans (Net of Loan Loss and Unearned Income) 37,396
Total Deposits 46,994
Shareholders' Equity 4,574
SELECTED STATISTICS (in percentages)
Return on Average Assets 1.01%
Return on Average Equity 11.16%
Average Equity to Average Assets 9.37%
Net Interest Margin to Average Assets 6.12%
Interest Income to Average Earning Assets 10.50%
Non-Accrual Loans 90+ Days to Average Assets 1.58%
COMMON STOCK TRADING INFORMATION
Fiscal Year Ended Dec. 31, 1998 HIGH LOW
Fourth Quarter $5.50 $3.38
Third Quarter 6.38 4.25
Second Quarter 6.63 4.50
First Quarter 5.00 4.00
|
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion