Corporate Profile for Foothill Independent Bancorp, dated Sept. 6, 1996.--(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 information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine See AOL. , CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company, Prodigy, Comtex, and many others. -0- Published Date: Sept. 6, 1996 Company Name: Foothill Independent Bancorp
Address: 510 S. Grand Ave., Ste. 204
Glendora, Calif. 91741
Main Telephone Number: 818/963-8551 Chief Executive Officer: George Langley Investor Relations Contact: Susan Hickam Business number: 818/963-8551 Public Relations Contact: George Langley or Carol Graf, CFO Business number: 818/963-8551 (Langley), 909/394-9970 Ext. 206 (Graf) Trading Symbol: NASDAQ:FOOT Industry: Banking Company description: The company's principal operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. is Foothill Independent Bank, a California commercial bank with its corporate offices in Glendora, approximately 40 miles east of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . Foothill Independent Bank was formed in 1973 by a group of local business leaders believing there was a need for a "people's bank Peo´ple's bank 1. A form of coöperative bank, such as those of Germany; - a term loosely used for various forms of coöperative financial institutions. ." As we approach the end of the century, that vision remains clear and has made Foothill the strong, sound, community-focused regional bank it is today. Foothill Independent Bank operates eleven full service branches within Los Angeles, San Bernardino and Riverside Counties. The bank's Lending Center offers construction, small business administration, and asset based loans in addition to commercial lines of credit, letters of credit and real estate loans. The company's common stock trades on 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 under the symbol "FOOT." The high and low trade prices per share per quarter in 1995 were as indicated:
High Low
3/31/95 8.75 7.75 6/30/95 8.50 7.375 9/30/95 9.00 7.75 12/31/95 9.00 7.75 The company works to create long term shareholder value. Nineteen-ninety-five year end results reflect assets of $395,180,848; loans and leases $257,510,439; net income $3,563,130. Return on assets Return on assets (ROA) Indicator of profitability. Determined by dividing net income for the past 12 months by total average assets. Result is shown as a percentage. ROA can be decomposed into return on sales (net income/sales) multiplied by asset utilization (sales/assets). has historically been one percent or better, representing performance that places Foothill Independent Bank in the top 10 percent of its peer group. CONTACT: Foothill Independent Bancorp |
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