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Corporate Profile for Sequoia National Bank, dated Sept. 24, 1999.


--(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:   Sept. 24, 1999

Company Name:     Sequoia National Bank

Address:          65 Post Street
                  San Francisco, CA  94104

Main Telephone
 Number:          415/781-0600

Chief Executive
 Officer:         John F. Hentz

Investor Relations
 Contact:         John F. Hentz
 Business number: 415/781-0600
 E-mail address:  seqbank@pacbell.net

Public Relations
 Contact:         John F. Hentz
 Business number: 415/781-0600
 E-mail address:  seqbank@pacbell.net

Industry:         Banking

Trading Symbol/
 Exchange:        SQNB

Market Makers:    Van Kasper & Co.; Black & Co.


-0-

Company description: Sequoia sequoia (sĭkwoi`ə), name for the redwood (Sequoia sempervirens) and for the big tree, or giant sequoia (Sequoiadendron giganteum), both huge, coniferous evergreen trees of the bald cypress family, and for extinct related species.  National Bank, founded in 1986, is a community bank with its main office situated at 65 Post Street in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . Sequoia has been providing a full range of commercial banking services to the small and medium sized business community including professional businesspersons in the San Francisco Financial District and South of Market (SOMA). The bank increased its capital by $4.2Mil in December December: see month.  1997. In August of 1999 it opened its first branch at 699 Portola Portola can refer to: People
  • Gaspar de PortolĂ  (ca. 1717-aft.1784), Spanish soldier, first governor of the Californias (Baja and Alta), explorer and founder of San Diego and Monterey.
 Drive to serve residents and small businesses located in the Miraloma Park and Twin Peaks districts of San Francisco.

As at June 30, 1999, the bank had total liabilities and shareholder's equity of $16.1Mil. Shares of Sequoia National Bank are unlisted but are traded through market makers. The trading volume Trading volume

The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares.
 has been low and ranged from $1.25 to $2.25 per share for the twelve months ending June 30, 1999. There are 2,577,323 shares issued and outstanding. Trading activity can be monitored on most Internet Internet

Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the
 financial information systems using the Symbol SQNB or CUSIP CUSIP

See: Committee on Uniform Securities Identification Procedures


CUSIP

See Committee on Uniform Securities Identification Procedures.
 No. 817436-10-8.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 24, 1999
Words:295
Previous Article:Corporate Profile for Cherry Semiconductor, dated Sept. 24, 1999.
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