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WEEKLY PROFILE

FIRST REGIONAL BANCORP

Symbol: FRGB Exchange: NASDAQ Close: $29.301-WK % Chg: 0.2%

Business Overview

First Regional Bancorp, incorporated in 1981, is a bank holding
company primarily engaged in coordinating the general policies
and activities of its principal asset, First Regional Bank.
The bank conducts a business-oriented wholesale banking operation,
with services tailored to the needs of businesses and professionals
in its service area. The bank's main office is located in Los
Angeles, California. It also has full branch regional offices located
in the California cities of Irvine, Glendale, Santa Monica, Torrance
and Encino. First Regional Bank also has a Merchant Services division
located in Agoura Hills, California. Its customers include
professionals working in the primary service areas, as well
as many business accounts located throughout both the
counties of Los Angeles and Orange. First Regional Bancorp has two
other subsidiaries, First Regional Statutory Trust I and First
Regional Statutory Trust II, which exist for the sole purpose
of issuing Trust Securities and investing the proceeds thereof
in junior subordinated deferrable debentures issued by the
Company and engaging in certain other limited activities.

Income Statement            LTM '03 *         2002

Revenue (millions)            $32.8          $25.9
Operating Income (millions)     6.8            4.8
Net Income (millions)           4.2            3.0
EPS                           $1.47          $1.14

Summary

Headquarters: Los Angeles

Market Cap: $85.7 million

Dividend Yield: NA **

P/E Ratio: 19.9

* Latest twelve months ended on Sept. 30

** Company does not pay a dividend.
COPYRIGHT 2004 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:Investments & Finance; First Regional Bancorp.
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 5, 2004
Words:245
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