Corporate Profile for Temecula Valley Bank, N.A., dated May 5, 2000.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. -0-
Published Date: May 5, 2000
Company Name: Temecula Valley Bank, N.A.
Address: 27710 Jefferson Ave., A-100
P.O. Box 690
Temecula, CA 92593-0690
Main Telephone
Number: 909/694-9940
Home Page (URL): Temvalbank.com
Chief Executive
Officer: Stephen H. Wacknitz
Chief Financial
Officer: Donald A. Pitcher
Investor Relations
Contact: Donald A. Pitcher
Business number: 909/506-1050
E-mail address: dpitcher@temvalbank.com
Public Relations
Contact: Cheryl Butler Rolf
Business number: 909/694-9940
E-mail address: cbutler@tfb.com
Industry: Banking
Trading Symbol/
Exchange: TMUL.OB
Market Makers: J. Alexander Securities,
Geoffrey C. Church
First Wall Street Corp.,
James P. Stephan
Company description: Temecula Valley Bank, N.A. is a commercial bank serving communities in North San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. County and 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. . The bank operates full service offices in Temecula, Fallbrook and Escondido with loan production offices in the cities of Ontario, Palm Desert and Fallbrook. Since its founding in 1996, Temecula Valley Bank has consistently reported increasing profits. For the year ended Dec. 31, 1999, the bank posted record earnings of $536,000. The bank's revenue was $3,327,000 in 1997, increasing 66% to $5,533,000 in 1998, and increasing 39% to 7,678,000 in 1999. The bank has had two 2 for 1 stock splits, one in April 1998 and one in April 1999. The initial public offering was $10.00 per share and adjusted to $2.50 per share as a result of the stock splits. In 1997, 162,000 shares were publicly traded, 140,900 in 1998, and 283,905 in 1999. The bank's stock is traded OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). with the stock symbol TMUL.OB. The bank offers a broad range of banking services, including personal and business checking accounts. They also offer various types of interest-bearing deposit accounts that include interest-bearing checking, money market, savings, IRA Ira, in the Bible Ira (ī`rə), in the Bible. 1 Chief officer of David. 2, 3 Two of David's guard. IRA, abbreviation IRA. , SEP 1. SEP - Someone Else's Problem. 2. (tool) SEP - A SASD tool from IDE. and time certificates of deposit. For loan products, the bank offers a wide variety that include: SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government loans, commercial loans and letters of credit, construction loans, residential real estate loans (including VA, FHA See Federal Housing Administration. FHA See Federal Housing Administration (FHA). & CAL (1) (Computer-Assisted Learning) Same as CBT. (2) (Conversational Algebraic Language) A timesharing language from the University of California. VET), second mortgages, home improvement, and consumer/automobile loans. |
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