Corporate Profile for Saratoga National Bank, dated March 6, 1998.--(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. -0-
Published Date: March 6, 1998
Company Name: Saratoga National Bank
Address: 12000 Saratoga-Sunnyvale Road
Saratoga, CA 95070
Main Telephone
Number: 408/973-1111
Internet Home
Page Address
(URL) www.saratoganb.com
Chief Executive
Officer: Richard L. Mount
Chief Financial
Officer: Mary Page Rourke
Investor Relations
Contact: Frances Rickgauer
Business number: 408/973-1111
Trading Symbol: SRTB
Industry: Banking
Market Makers: Sutro & Co., Hoefer & Arnett, Burford Capital, Ryan
Beck & Co.
-0- Company description: Saratoga Saratoga, residential city (1990 pop. 28,061), Santa Clara co., W Calif., in a vineyard and orchard area, in the foothills of the Santa Cruz Mts.; inc. 1956. Wine is produced in the city; local attractions include tours of the champagne cellars. National Bank was originally founded in 1982 to serve the needs of Saratoga, Calif. As it has grown, the Bank has expanded its scope, opening a branch in Los Gatos Los Gatos (lôs gä`tōs, lŏs, găt`əs), city (1990 pop. 27,357), Santa Clara co., W Calif.; inc. 1887. It is an affluent residential community and health resort. in 1988 and a downtown San Jose Downtown San Jose is the central business district of San Jose, California, United States. The area is generally located north of Interstate 280 and east of Guadalupe Parkway, which roughly parallels Guadalupe River. office in September September: see month. of 1989. The Bank's goal is to offer our financial expertise, our energy and our fiscal strength to all the communities of the Greater South Bay. Although conservative with our assets, we are aggressive to support a new idea and creative in finding a way, within sound financial precepts, to see it grow. Adhering ADHERING. Cleaving to, or joining; as, adhering to the enemies of the United States. 2. The constitution of the United States, art. 3, s 3, defines treason against the United States, to consist only in levying war against them or in adhering to their enemies, to these principles has established Saratoga National Bank as one of the most consistently prosperous banks of its size in the U.S. Our parent company, Saratoga Bancorp, is a registered bank holding company whose principal asset (and only subsidiary) is the common stock of Saratoga National Bank. In the twelve months ended Dec. 31, 1997, that stock has seen a low of 12 and a high of 19. Net income for the twelve month period ending Dec. 31, 1997, was $1,596,000. Assets at Dec. 31, 1997, were $131,044,000 and deposits were $91,045,000. Net loans outstanding at Dec. 31, 1997 were $63,187,000. CONTACT: Saratoga National Bank |
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