Desert Commercial Bank Reviews Year-End Results at First Annual Shareholders Meeting.PALM DESERT, Calif. -- Desert Commercial Bank, (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DCBC DCBC Dunedin City Baptist Church DCBC District of Columbia Baptist Convention ), concluded its first annual shareholders meeting this evening. Max Briggs Maxwell Francis Briggs (b. 9 September 1948 in Bramerton, Norfolk) is a former professional footballer. Briggs, a right winger, began his career at Norwich City, where he came through the youth ranks and was a member of the team that won promotion to the first division for , chairman, welcomed shareholders to the event, held at the Miramonte Resort in Indian Wells. Formalities of the meeting included the reappointment reappointment Hospital practice The renewal of medical staff membership and privileges of a practitioner whose previous service on the medical staff has met the staff's standard of Pt care. See Appointment. of the incumbent board of directors. They are: Max Briggs, Matt Costello, Michael Criste, Richard Foss, Gary Gardner, Wayne Harvey, Phil Heald n. 1. A heddle. , Robert Murphy, David Neil, R.A. "Rusty" Pedersen, R. Albert Roensch, Michael Shepherd and Stanley "Buddy" Sklar. The event was witnessed by a majority of shareholders, either through proxies or in person. Upon conclusion of the formal proceedings, Briggs turned the meeting over to R. Albert Roensch, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , to bring shareholders up to date on bank activities. Roensch outlined the bank's continuing growth and compared monthly totals for the past three months in total assets, loans and deposits. At month end May 2006, total assets stood at $91,045,372, loans totaled $40,190,534, and deposits reached $68,340,846. The numbers represent 33%, 27% and 46% growth, respectively, in those categories. Roensch also discussed the progress being made at the bank's new branch in El Centro, where total deposits have exceeded $10 million in just three weeks of operation. Certain statements in this announcement, including statements regarding the anticipated development and expansion of our business, and the intent, belief or current expectations of the bank, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the bank's performance and implementation of its business plan, loan performance, interest rates and regulatory matters. |
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