California Bank Of Commerce announced the hiring of Rick Harbaugh as a Senior Vice President in commercial banking. Prior to joining California Bank of Commerce, Mr. Harbaugh was Vice President, Corporate Banking for U.S. Bank in San Francisco where he provided relationship banking to middle market businesses located throughout the Bay Area. During his fifteen years in commercial banking, Mr. Harbaugh held similar positions at City National Bank and Union Bank of California.

California Bank Of Commerce announced unaudited earnings results for the fourth quarter and full year ended December 31, 2009. For the quarter, the company reported interest income of $2 million compared to $1.78 million for the same period a year ago. Loss before tax provision was $180,000 compared to $96,000 for the same period a year ago. Net loss was $1.54 million or $0.64 per basic share compared to $5.25 million or $1.91 per basic share for the same period a year ago. Operating income was a positive $467,000 for the fourth quarter 2009 compared to a positive $309,000 for the third quarter 2009, a 51% improvement. For the year ended December 31, 2009, the company reported interest income of $6.74 million compared to $4.47 million for the same period a year ago. Loss before tax provision was $1.54 million compared to $5.25 million for the same period a year ago. Net loss was $180,000 or $0.085 per basic share compared to $96,000 or $0.054 per basic share for the same period a year ago.

California Bank Of Commerce announced unaudited earnings results for the third quarter ended September 30, 2009. For the quarter, the company reported net interest income after provision of $1,217,000 compared to $513,000 for the same period a year ago. Net loss was $96,000 or $0.054 per basic share compared to $2,855,000 or $1.038 per basic share for the same period a year ago. During the third quarter, net interest income increased by $185,294 from the second quarter 2009, as a result of strong earning asset growth, offsetting a decline in the net interest margin. The 2008 loss was affected by a write down of the Bank's FNMA investment of $2,045,875. Interest income was $1,784,000 against $1,282,000 for the same period in the last year. Net interest income before provision was $1,442,478 for the third quarter 2009, up $604,401 over $838,000 for the same period in 2008. Improvements in loan yields and volume, as well as lower cost of funds contributed to the increase in net interest income.

California Bank of Commerce Announces Results for the 2nd Quarter 2009

Quote: CABCNews), a unique commercial bank in the San Francisco Bay Area targeting closely held businesses and professionals, today announced financial results for the second quarter ended June 30, 2009."On the eve of its second anniversary, despite the challenging environment we are all facing, California Bank of Commerce continues to build its loan and deposit portfolios.The Bank is attracting new business relationships and deepening existing ones, while maintaining strong capital and liquidity posit...
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California Bank of Commerce Announces Results for the 3rd Quarter 2009

Quote: CABCNews), a unique commercial bank in the San Francisco Bay Area targeting closely held businesses and professionals, today announced financial results for the third quarter ended September 30, 2009."California Bank of Commerce continues to attract new business relationships and deepen existing ones. We do so while maintaining strong loan quality, capital, and liquidity positions. The market acceptance we are receiving, after just two years in business, points to a bright future," said John Ros...
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Successful 2009 Leads California Bank of Commerce to New Hire -- Rick Harbaugh

Quote: CABCNews), a unique commercial bank in the San Francisco Bay Area targeting closely held businesses and professionals, today announced the hiring of Rick Harbaugh as a Senior Vice President in commercial banking."California Bank of Commerce had a noteworthy 2009 with Total Assets increasing by 41% to $194 million. We fully expect to continue attracting new quality clients and grow our loan and deposit base in 2010.Hiring experienced bankers like Rick is integral to our growth strategy and augmen...
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California Bank of Commerce Announces Results for the 4th Quarter 2009

Quote: In addition, the Bank continues to maintain strong liquidity, with over $30 million in cash and cash equivalents at December 31, 2009."California Bank of Commerce remains on plan.We have tested systems and a qualified staff. We are growing. Our asset quality is strong and it is buttressed by a loan loss reserve of $2.565 million. Our capital and liquidity positions are strong. We have just completed two consecutive quarters of operating profit. So, we enter 2010 with excellent momentum and high ...
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Successful 2009 Leads California Bank of Commerce to New Hire -- Rick Harbaugh

Quote: CABCNews), a unique commercial bank in the San Francisco Bay Area targeting closely held businesses and professionals, today announced the hiring of Rick Harbaugh as a Senior Vice President in commercial banking."California Bank of Commerce had a noteworthy 2009 with Total Assets increasing by 41% to $194 million. We fully expect to continue attracting new quality clients and grow our loan and deposit base in 2010.Hiring experienced bankers like Rick is integral to our growth strategy and augmen...
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California Bank of Commerce Announces Results for the 4th Quarter 2009

Quote: In addition, the Bank continues to maintain strong liquidity, with over $30 million in cash and cash equivalents at December 31, 2009."California Bank of Commerce remains on plan.We have tested systems and a qualified staff. We are growing. Our asset quality is strong and it is buttressed by a loan loss reserve of $2.565 million. Our capital and liquidity positions are strong. We have just completed two consecutive quarters of operating profit. So, we enter 2010 with excellent momentum and high ...
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California Bank of Commerce Sponsors The Presidents Cup on KNBR

Quote: LAFAYETTE, CA--(Marketwire - 10/05/09) - California Bank of Commerce (OTC.BB:CABC - News), a unique commercial bank in the San Francisco Bay Area targeting closely held businesses and professionals, announced today its sponsorship of The Presidents Cup on KNBR.The eighth Presidents Cup will be contested at Harding Park Golf Course in San Francisco in 2009 and KNBR 680 and 1050 will be providing radio coverage of the event. The Presidents Cup was developed to give the world's best non-European pl...
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California Bank of Commerce Shows the Art of David Maxim

Quote: David Maxim's work is included in many important public collections including the British Museum, Albertina in Vienna, SFMOMA, the Oakland Museum, as well as in many private collections. A prolific artist, he often works on several series, using various media, creating drawings, small scale sculptures, and large abstract paintings.The California Bank of Commerce Collaborative Arts Program is an outreach effort to promote professional artists and art education by mounting public exhibitions in it...
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California Bank of Commerce Participates in U.S. Treasury Capital Purchase Program

Quote: With this new capital in place, we are positioned to push boldly ahead, despite today's difficult capital markets."www.californiabankofcommerce.com; Financial Statements page under Investor Relations.About California Bank of Commercewww.californiabankofcommerce.com.......
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California Bank of Commerce Announces Results for the 4th Quarter 2008

Quote: Completing its first full year, California Bank of Commerce experienced strong growth in assets, loans, and deposits. Total Assets grew $84 million to $137 million at year end 2008 versus $53 million at year end 2007. Total Loans grew $79 million to $97 million at year end 2008 versus year end 2007, and Total Deposit grew $82 million over the same period.Comparing the fourth quarter to the third quarter 2008, Total Assets were up by 11% over the end of the third quarter 2008, while Total Loans g...
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Leslee Olson Joins California Bank of Commerce

Quote: Leslee brings a new dimension to the Bank, serving professional service firms and high net worth individuals," said John Rossell, President and CEO of California Bank of Commerce. "Leslee is one of the best bankers in our area. She has relationships throughout the Bay area and we are proud to have her on our team," said Rossell.Prior to joining California Bank of Commerce, Ms. Olson was Vice President of the Private Client group for U.S. Bank in Walnut Creek where she provided relationship banki...
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California Bank of Commerce Announces Results for the 2nd Quarter 2009

Quote: CABCNews), a unique commercial bank in the San Francisco Bay Area targeting closely held businesses and professionals, today announced financial results for the second quarter ended June 30, 2009."On the eve of its second anniversary, despite the challenging environment we are all facing, California Bank of Commerce continues to build its loan and deposit portfolios.The Bank is attracting new business relationships and deepening existing ones, while maintaining strong capital and liquidity posit...
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California Bank of Commerce Announces Results for the 3rd Quarter 2009

Quote: CABCNews), a unique commercial bank in the San Francisco Bay Area targeting closely held businesses and professionals, today announced financial results for the third quarter ended September 30, 2009."California Bank of Commerce continues to attract new business relationships and deepen existing ones. We do so while maintaining strong loan quality, capital, and liquidity positions. The market acceptance we are receiving, after just two years in business, points to a bright future," said John Ros...
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