SCCB Seacoast Commerce Bank featured news, full reports, and detailed charts
Seacoast Commerce Bank (SCCB/SCCB.OB) Wrap Up:
Seacoast Commerce Bank provides various banking services to small and middle-market businesses, and individuals in Chula Vista and San Diego County, California. Its business banking products and services include small business, commercial business, and business analysis checking accounts, business money markets accounts, and certificates of deposits; and lines of credit; term financing; small business administration loans to acquire business real estate, expand an existing business, purchase machinery and equipment, and an existing business, start a new business, restructure a debt, and for working capital purposes; owner occupied real estate loans, investor owned real estate loans, and cons...Seacoast Commerce Bank (SCCB:OTC Bulletin Board Market)
Snapshot of Seacoast Commerce Bank (SCCB)
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OPEN
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PREVIOUS CLOSE
$4.50
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
07/21/09 - $6.30
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52 WEEK LOW
03/6/09 - $3.20
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MARKET CAP
9.6M
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AVERAGE VOLUME 3 mo
350.0
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DILUTED EPS TTM
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SHARES OUTSTANDING
2.1M
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SCCB Does Not Pay Dividends
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P/E TTM
NM
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SCCB Top Compensated Officers
Executives, Board Directors
Key developments for Seacoast Commerce Bank (SCCB)
Seacoast Commerce Bank reported unaudited earnings results for the third quarter ended September 30, 2009. The bank reported a net loss of $1.6 million for the third quarter, compared to a net profit of $222,000 for the same period in 2008. The third quarter loss included several large, one-time, non-recurring items including a pre-payment penalty on the retirement of the Bank's borrowings with the Federal Home Loan Bank; a payment for the early termination of the Bank's Eastlake location lease; and the payment of an insurance deductible associated with the resolution of a litigation matter. The bank reported total interest income of $1,391,000 and net interest income of $871,000 compared to total interest income of $1,150,000 and net interest income of $688,000 for the same period of last year.
Seacoast Commerce Bank reported earnings results for the second quarter ended June 30, 2009. For the quarter, the company reported a net loss of $251,000 compared to a net loss of $1,858,000 for the same period in 2008. The second quarter loss included a provision for loan losses of $130,000 and a $48,000 expense related to the 'special assessment' the FDIC has assessed against all banks. Total interest income was $1,168,000 against $1,245,000 for the same period earlier. Net interest income was $779,000 against $692,000 for the same period earlier.
Seacoast Commerce Bank announced that Mark Nugent, the Bank's current Chief Credit Officer, has made the decision to step down in order to move closer to his family. With Mr. Nugent's decision to step down, the Bank announced the hiring of Richard 'Rick' Visser as the Bank's new Chief Credit Officer. Mr. Visser was previously a Regional Manager with Pacific Western Bank.
SCCB Competitors
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Industry Analysis
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| Price/Cash Flow | NM | Not Meaningful |
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SCCB transactions
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More Recent News About Seacoast Commerce Bank
More news for SCCB
Seacoast Commerce Bank Announces Record 3rd Quarter Results
         Seacoast Commerce Bank Selected Financial Data - Unaudited      Change Change For the Quarters Ended 9/30/2009 6/30/2009 9/30 – 6/30 9/30/2008 9/30 – 9/30 ...Click here to read the whole Article (external link)
Seacoast Commerce Bank Announces Addition of SBA Business Development Officers
CHULA VISTA, Calif.--(BUSINESS WIRE)--Seacoast Commerce Bank (OTCBB: SCCB - News) today announced that Andrew (Andy) Zimbalist, Andrew Murray and Robert Flores have joined the Bank's Small Business Administration ("SBA") Division as Business Development Officers (“BDO’sâ€). Mr. Zimbalist is a 21-year veteran in sales and origination of SBA loans and commercial loans with CNL Financial, Lehman Brothers Small Business Finance, Inc. and Temecula Valley Bank. Mr. Zimbalist is responsible for developing new business in San Diego County as well as the greater Southern California area.Mr. Murray is a 15-year veteran in sales and origination of SBA loans and commercial loans with The Money Store, Lehman Brothers Small Business Finance, Inc. and Temecula Valley Bank. Mr. Murray is responsible for developing new business in Sacramento as well as the greater northern California area.Mr. Flores is a 25-year veteran in sales and origination of SBA loans and commercial loans with notably Bank of Commerce and US Bank and most recently City National Bank. Mr. Flores is responsible for developing new business in the greater Los Angeles and Orange County areas."Andy, Andrew and Robert are outstanding additions to our growing SBA team of lending professionals who are committed to providing small business owners with personalized service and competitive financing options under the SBA Progra...Click here to read the whole Article (external link)