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SACRAMENTO, California, July 23, 2021 (GLOBE NEWSWIRE) -- Bank of Commerce Holdings (NASDAQ: BOCH) (the Company), a $1.917 billion asset bank holding company and parent company of Merchants Bank of Commerce (the Bank), today announced financial results for the quarter and six months ended June 30, 2021. Net income for the quarter ended June 30, 2021 was $4.1 million or $0.25 per share diluted, compared with net income of $3.8 million or $0.23 per share diluted, for the same period of 2020. Net income for the six months ended June 30, 2021 was $9.1 million or $0.54 per share diluted, compared with net income of $4.8 million or $0.28 per share diluted, for the same period of 2020.
MEDFORD, Ore.--(BUSINESS WIRE)--Peoples Bank of Commerce (OTC PINK: PBCO) announced today its financial results for the second quarter of 2021. Highlights Second quarter net income of $2,953,000, or $0.61 per diluted share Year-to-date net income of $5,846,000 or $1.33 per diluted share LTM EPS increased 82.5% from 2nd quarter 2020 Quarterly non-PPP loan growth of $10.6 million, an annualized growth rate of 10.4% Second Quarter tax equivalent net interest margin of 3.68%, excluding factoring r
The Canadian Imperial Bank of Commerce (CIBC) (TSE: CM), a multinational banking and financial services corporation headquartered in Toronto, Ontario, has entered a multi-year deal to use Microsoft Azure as its main Cloud platform. The partners noted in the announcement that Microsoft Azure should help Read More The post Digital Transformation: Microsoft Azure Cloud Platform to be Used by Canadian Imperial Bank of Commerce appeared first on Crowdfund Insider .
Recognition of Bank of Cyprus for the eighth consecutive year. For the eighth consecutive year, Global Finance has selected Bank of Cyprus as the Best sub-custodian Bank in Cyprus. The accolade recognises the Banks ongoing work in custodian services and the high quality of service provided. The international magazine has
Bank of Cyprus (BoC) staff who have not received at least one dose of a Covid vaccine will have to test twice a week from Monday, as the lender seeks to minimise the risk of transmission amid a surge of the virus. In a circular to staff, BoC said there
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Another company prepares to enter the non-performing loans (NPLs) market in Cyprus. Themis the Goddess of Justice will own and take over the management of NPLs the global giant Pimco will acquire from the Bank of Cyprus (BoC). BoC and Pimco agreed on the sale of NPLs with a gross book value of 1.4 bln (Helix 2), consisting of 38,224 loans, mostly from private and small- and medium-sized companies secured with approximately 9,614 properties. The deal is expected to go through in the next few weeks. Themis is another addition to the long list of companies operating in The post Encouraging foreigners to relocate is best remedy appeared first on Financial Mirror .
NEW YORK, June 25, 2021 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is
The deal to buy Sacramento-based Bank of Commerce Holdings is expected to close in the fourth quarter. Columbia''s president calls the expansion "a natural extension of our existing footprint."
WILMINGTON, Del., June 24, 2021 (GLOBE NEWSWIRE) -- Rigrodsky Law, P.A. announces that it is investigating Bank of Commerce Holdings (Bank of Commerce) (NASDAQ GM: BOCH ) regarding possible breaches of fiduciary duties and other violations of law related to Bank of Commerces agreement to be acquired by Columbia Banking System, Inc. (Columbia) (NASDAQ GS: COLB ). Under the terms of the agreement, Bank of Commerces shareholders will receive 0.40 shares of Columbias common stock per share.
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NEW YORK, June 24, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Bank of Commerce Holdings (NASDAQ: BOCH) breached their fiduciary duties or violated the federal securities laws in connection with the companys acquisition by Columbia Banking System, Inc. (NASDAQ: COLB).
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Bank of Commerce Holdings (NASDAQ: BOCH) to Columbia Banking System, Inc. is fair to Bank of Commerce shareholders. Under the terms of the merger agreement, Bank of Commerce shareholders will receive 0.40 Columbia shares for each Bank of Commerce share that they own, subject to certain potential adjustments. Halper Sadeh encourages Bank of Commerce shareholders to click here to l
NEW YORK, June 24, 2021 (GLOBE NEWSWIRE) -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Bank of Commerce Holdings (Bank of Commerce or the Company) (NASDAQ: BOCH) in connection with the proposed acquisition of the Company by Columbia Banking System, Inc. (NASDAQ: COLB) (Columbia). Under the terms of the merger agreement, Bank of Commerces shareholders will receive 0.40 Columbia shares for each Bank of Commerce share they own, representing implied per-share merger consideration of approximately $15.72 based upon Columbias June 23, 2021 closing price of $39.30. The transaction is valued at approximately $266 million. Following consummation of the all-stock transaction, existing Bank of Commerce shareholders will own only 9% of the combined company.
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