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Bank Of Commerce (BONC) news stock charts

Bank Of Commerce (BONC/BONC.OB) Investment Summary:

Bank of Commerce provides various banking products and services for individuals and businesses principally in Mecklenburg County in the Charlotte region of North Carolina. It generates deposit products, including demand deposits, money market accounts, savings accounts, time deposits, checking accounts, sweep accounts, and certificates of deposit. The company also provides commercial loans, including equipment loans, commercial lines of credit, real estate loans, and construction loans/permanent real estate financing; and personal loans, such as auto loans, recreational vehicle loans, boat loans, home equity loans/lines, motorcycle loans, and residential lot loans. In addition, it offers onl...
www.bankofcommercenc.com
Founded in 2006

BANK OF COMMERCE/CHARLOTTE (BONC:OTC Bulletin Board Market)

LAST $4.00 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of 8:10 PM 03/12/10 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of BANK OF COMMERCE/CHARLOTTE (BONC)

OPEN
$4.00
PREVIOUS CLOSE
$4.00
DAY HIGH
$4.00
DAY LOW
$4.00
52 WEEK HIGH
03/23/09 - $7.00
52 WEEK LOW
12/16/09 - $2.75
MARKET CAP
--
AVERAGE VOLUME 10 D
70.0
EPS TTM
--
SHARES OUTSTANDING
0.0
BONC Does Not Pay Dividends
P/E TTM
--
K = Thousands  M = Millions  B = Billions

Key developments for BANK OF COMMERCE/CHARLOTTE (BONC)

Bank of Commerce Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2009

Bank of Commerce reported unaudited earnings results for the fourth quarter and full year ended December 31, 2009. For the quarter, the company reported total interest income of $2,004,000, net interest income of $1,264,000, income before taxes and net income of $173,000, net income applicable to common shareholders of $124,000 compared to total interest income of $1,792,000, net interest income of $1,057,000, income before taxes and net income of $74,000, net income applicable to common shareholders of $74,000 over the same period last year. For the full year, the company reported total interest income of $7,729,000, net interest income of $4,586,000, loss before taxes and net income of $3,675,000, net loss applicable to common shareholders of $3,863,000 compared to total interest income of $6,545,000, net interest income of $3,934,000, income before taxes and net income of $275,000, net income applicable to common shareholders of $275,000 over the same period last year.

Bank of Commerce Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009

Bank of Commerce reported unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company's total interest income was $2,024,000 compared with $1,686,000 for the same period a year ago. Net interest income was $1,247,000 compared with $1,013,000 for the same period a year ago. Net loss applicable to common shareholders was $1,326,000 compared with net income applicable to common shareholders of $15,000 for the same period a year ago. Loss before taxes was $1,278,000 compared with income before taxes of $15,000 for the same period a year ago. For the nine months, the company's total interest income was $5,725,000 compared with $4,753,000 for the same period a year ago. Net interest income was $3,322,000 compared with $2,877,000 for the same period a year ago. Net loss applicable to common shareholders was $3,987,000 compared with net income applicable to common shareholders of $201,000 for the same period a year ago. Loss before taxes was $3,848,000 compared with income before taxes of $201,000 for the same period a year ago.

Bank of Commerce Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2009

Bank of Commerce reported earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net loss applicable to common shareholders was $2.7 million against net income applicable to common shareholders was $94,000 for same period a year ago. Loss before taxes for the period was $2.6 million against income before taxes for the period was $94,000 for same period a year ago. Net interest income for the period was $1.1 million against $951,000 for same period a year ago. Total interest income for the period was $1.9 million against $1.5 million for same period a year ago. For six months, the company reported net loss applicable to common shareholders was $2.7 million against net income applicable to common shareholders was $186,000 for same period a year ago. Loss before taxes for the period was $2.6 million against income before taxes for the period was $186 million for same period a year ago. Net interest income for the period was $2.1 million against $1.9 million for same period a year ago. Total interest income for the period was $3.7 million against $3.1 million for same period a year ago.

Bank Of Commerce financial resources

otc, otcbb, pinksheet, BONC, ob Bank Of Commerce

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More Recent Financial News About Bank Of Commerce

Canwest's newspaper division in court protection

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Community Bank of Lincoln sold to local owners

Quote: based company led by former National Bank of Commerce executive Lee Stuart.NHI does not plan to change the Community Bank current CEO, but Stuart and his partner Ben Harris will join the bank's management.The sale must be approved by regulators before it is final, but Capitol Bancorp and NHI expect the sale to be final sometime this year. Terms of the sale were not disclosed.Community Bank of Lincoln has about $60 million in assets and one branch.......
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Community Bank of Lincoln sold to local owners

Quote: based company led by former National Bank of Commerce executive Lee Stuart.NHI does not plan to change the Community Bank current CEO, but Stuart and his partner Ben Harris will join the bank's management.The sale must be approved by regulators before it is final, but Capitol Bancorp and NHI expect the sale to be final sometime this year. Terms of the sale were not disclosed.Community Bank of Lincoln has about $60 million in assets and one branch.......
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Bank of Commerce Reports Profit in the Fourth Quarter

Quote: 12 /PRNewswire-FirstCall/ -- Bank of Commerce (OTC Bulletin Board: BONC) posted a net income of $124,000 available to common shareholders for the quarter ending December 31, 2009, compared to net income of $74,000 for the same period in 2008.  Total assets have grown from $145.5 million at December 31, 2008 to $173.4 million as of December 31, 2009 with gross loans increasing to $122.4 million and deposits increasing to $118.7 million."The general expectation is that the economic recovery wil...
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Community Bank of Lincoln sold to local owners

Quote: based company led by former National Bank of Commerce executive Lee Stuart.NHI does not plan to change the Community Bank current CEO, but Stuart and his partner Ben Harris will join the bank's management.The sale must be approved by regulators before it is final, but Capitol Bancorp and NHI expect the sale to be final sometime this year. Terms of the sale were not disclosed.Community Bank of Lincoln has about $60 million in assets and one branch.......
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Bank of Commerce Reports Profit in the Fourth Quarter

Quote: 12 /PRNewswire-FirstCall/ -- Bank of Commerce (OTC Bulletin Board: BONC) posted a net income of $124,000 available to common shareholders for the quarter ending December 31, 2009, compared to net income of $74,000 for the same period in 2008.  Total assets have grown from $145.5 million at December 31, 2008 to $173.4 million as of December 31, 2009 with gross loans increasing to $122.4 million and deposits increasing to $118.7 million."The general expectation is that the economic recovery wil...
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Canadian big banks top expectations

Quote: Louis, said Friday that with the exception of Canadian Imperial Bank of Commerce, all the major banks roundly beat analyst expectations.While the U.S. has seen 81 banks fail in 2009 alone, Canada has not experienced the failure of any major financial institution.There has been no crippling mortgage meltdown or banking crisis north of the border, where the financial sector is dominated by five large banks.President Barack Obama said earlier this year that the United States should "take note" of h...
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Bank of Commerce Grows Deposits and Loans, Posts Third Quarter Loss

Quote: 20 /PRNewswire-FirstCall/ -- Bank of Commerce (OTC Bulletin Board: BONC - News) posted a net loss of $1,278,000 for the quarter ending September 30, 2009, compared to net income of $15,000 for the same period last year.Total assets have grown from $145.5 million at December 31, 2008 to $175.7 million as of September 30, 2009 with gross loans increasing to $124.6 million and deposits increasing to $111.1 million.Strong operating earnings for the quarter were offset by a significant increase in lo...
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NHL owner gets more than 8 years in prison

Quote:
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Fugitive banker extradited to Thailand

Quote: Banker Rakesh Saxena had been fighting for 13 years to avoid being returned to Thailand to face charges he embezzled $88 million from the Bangkok Bank of Commerce, which collapsed in 1995. It was one of the longest extradition fights in Canada's history.Canadian Department of Justice spokeswoman Lyse Cantin said Saxena has been handed over to Thai authorities and is on his way there. His lawyer said he was traveling from Vancouver to Beijing and then to Thailand, arriving in Bangkok Friday night...
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Fugitive banker can be extradited to Thailand

Quote: Thailand alleges the fraud contributed to the bank's 1995 collapse and to the Asian financial crisis of the late 1990s.Canadian Department of Justice spokeswoman Lyse Cantin said Saxena would be surrendered but could not disclose details of the transfer for fear of creating a security risk.A spokesman for the Office of Thailand's Attorney-General Poramej Intarachoomnoom praised the court's decision and said Saxena has over 20 cases pending against him.Saxena was an adviser for the Bangkok Bank o...
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Thai court charges banking scandal suspect Saxena

Quote: He was a financial adviser to the Bangkok Bank of Commerce, which made millions of dollars of fraudulent loans to cronies of the management.Each count on which Saxena is charged carries a penalty of 5-10 years' imprisonment and a fine of 500,000-1 million baht ($15,000-30,000). He will make his first court appearance Tuesday to acknowledge the charges.The bank's failure exposed the weaknesses of the Thai financial system, which had expanded meteorically with little oversight during Thailand's bo...
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Extradited banking fugitive arrives in Thailand

Quote: Rakesh Saxena, 57, had staged one of the longest extradition battles in Canadian history to avoid being sent back to face charges he helped embezzle $88 million from the Bangkok Bank of Commerce, which collapsed in 1995. The bank had about $3 billion in bad debt when it was shut down.Saxena was a financial adviser to the bank, which made millions of dollars of fraudulent loans to cronies of the management. Its failure exposed the weaknesses of the Thai financial system, which had expanded meteor...
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