Bank of Manhattan merging with Plaza Bank
IRVINE, California & EL SEGUNDO, California –(BUSINESS WIRE)–Plaza Bancorp, Plaza Bank (OTCBB: PLZB), Manhattan Bancorp (OTCBB: MNHN), and Bank of Manhattan, N.A. today announced the execution of a definitive agreement providing for the merger of Manhattan Bancorp with and into Plaza Bancorp, to be followed immediately by the merger of Bank of Manhattan with and into Plaza Bank.
Client Closeup: Advancing VERYS
Chris Antonius and Mike Zerkel were looking for a change. Both highly accomplished professionals for a leading global IT services company, each was logging more than 200 days of travel annually—rigorous schedules that began to take a toll on their professional and personal lives.
“Though we held different positions at our prior company, Chris and I knew each other really well and had a lot in common,” Zerkel said. “During one of our conversations, we both agreed we needed to re-prioritize and achieve more balance in our lives.”
Plaza Bank Announces 2015 First Quarter’s Financial Results
IRVINE, CA–(Marketwired – Apr 14, 2015) – Plaza Bank (OTCBB: PLZB) (the “Bank”) today reported unaudited net income for the first quarter of 2015 of $1,622,000 or $0.09 per share on a diluted basis, a decrease of 5.1% compared to the prior year’s first quarter net income of $1,710,000 or $0.09 per share on a diluted basis. For the quarter ended March 31, 2015, the Bank’s annualized return on average assets was 1.18% and annualized return on average equity was 10.62%, down from an annualized return on average assets of 1.40% and an annualized return on average equity of 12.35% for the 2014 comparable period.
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Plaza Bank makes SNL’s list of 100 top-performing banks of 2014 with assets between $500M and $5B
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