Plaza Bancorp, the Holding Company of Plaza Bank, Announces Financial Results for the Second Quarter Ended June 30, 2016 (Unaudited)
IRVINE, CA — (July 18, 2016) – Plaza Bancorp (OTCBB: PLZZ) (the “Company”), the holding company of Plaza Bank (the “Bank”), reported unaudited net income for the quarter ended June 30, 2016 of $3.0 million or $0.10 per share on a diluted basis compared with $2.3 million, or $0.08 per diluted share for the first quarter of 2016. For the quarter ended June 30, 2016, the Company’s annualized return on average assets was 1.09% and annualized return on average equity was 10.58%, up from an annualized return on average assets of 0.89% and an annualized return on average equity of 8.53% for the first quarter of 2016.
Help Protect Against Fraud
In today’s world, fraud is an increasing threat and it is important to be proactive and diligent in order to mitigate your risk of loss. Plaza Bank is committed to providing your business with leading fraud prevention tools in order to better safeguard your business. Below are some of the fraud prevention tools that would be beneficial to your organization. Learn more…
Advancing Summit Enterprises
Bill and his wife Brenda own and operate Summit Enterprises, a residential commercial property investment company serving the greater Pasadena area for 40 years. Having built the business through service, commitment, and referrals, Summit Enterprises continues to satisfy clients with its responsive leasing and maintenance services.
After working in the banking industry for several years, Bill started the company in 1976. But his first entrepreneurial venture actually came several years before. “I purchased my first investment property when I was 19 years old, just out of high school,” Bill said. “My mother was my first lender! She believed in owning real estate and always encouraged me to achieve my goals.”
That set Bill on course to reach considerable personal and professional success, with Brenda by his side through the years. As their business has evolved, so has its lending needs. A former Bank of Manhattan client, Summit Enterprises began working with Plaza Bank following the merger in 2015.
CYBER SECURITY Tips to avoid Phishing, Spyware and Malware
Plaza Bank is committed to your security and safety. Protecting information is our top priority and it requires diligence from our clients as well as the bank.
- Do not open e-mail from unknown sources. Be suspicious of e-mails purporting to be from a financial institution, government department, or other agency requesting account information, account verification, or banking access credentials such as user names, passwords, PIN codes, and similar information. Opening file attachments or clicking on web links in suspicious e-mails could expose your system to malicious code that could hijack your computer.
- Never respond to a suspicious e-mail or click on any hyperlink embedded in a suspicious e-mail. Call the purported source if you are unsure who sent an e-mail.
Plaza Bank Supports Komen Orange County at the Pink Tie Ball
The Pink Tie Ball is Komen Orange County’s annual fundraising gala held at a unique venue each year. Held on May 7th in Irvine, CA, the Pink Tie Ball unites people with the shared passion for saving lives in helping women at every stage of their breast cancer journey.
This year, CEO Gene Galloway brought Plaza Bank onboard as a Silver Level sponsor, fueled by the vision of Komen OC to live in ‘A World Without Breast Cancer’. Unfortunately the fact remains that our friends and loved ones – and many more people we do not know – are still dying of breast cancer. Last year, 40,000 people died from breast cancer in the United States.
Advancing Cook’s Doors & Windows
Like many of Plaza Bank’s clients, Cook’s Doors & Windows has quite a history. Nearly a century ago, in 1923, Bert Cook moved across the country from Iowa to Southern California and established a small, local hardware store and lumber yard. Bert operated Cook’s Lumber for 32 years until his passing in 1959, when his son Charles, who had returned to Cook’s after serving in World War II and the Korean War, took over as proprietor of the family business.
With the construction boom of the 1960s and 1970s, Charles strategically directed Cook’s into the growing door and window business, renaming the company Cook’s Doors & Windows. In the early 1980s, Charles was joined by his sons Bob and Jim, who then took over the business upon Charles’ retirement in 2001. More recently, Aimee, a fourth-generation Cook, joined the business, its strong family tradition and legacy.
Plaza Bank ranked among S&P Global Market Intelligence’s TOP 100 community banks — Again
Jump to #29 in 2015 reflects Plaza Bank’s continued growth and success.
IRVINE, CA – April 15, 2016: Plaza Bank (PLZZ) (the “Bank”) is proud to announce it has been named one of the 100 Top-Performing Community Banks for 2015 by S &P Global Market Intelligence (formerly S&P Capital IQ and SNL Financial). Plaza Bank now ranks #29 in 2015 of the top 100 banks, out of the total 492 banks with assets between $1 billion to $10 billion.
“This ranking is a tribute to all Plaza Bank staff and the jobs they perform. For the second consecutive year, the Bank has demonstrated remarkable overall results, underscored by our performance across the key ranking metrics,” said Gene Galloway, President and CEO at Plaza Bank. “Improving twelve spots in a single year is no small feat, reflecting the dedication of our professionals and their commitment to client success, one relationship at a time. We are honored to be included among the nation’s top-performing community banks and look forward to our continued growth in 2016.”
Fast Track: A Micro Loan for your Small Business
Entrepreneurs seeking small loans may benefit from the Fast Track Program. A quick and streamlined approval process makes this option ideal for newer businesses that do not have an extensive operating history.
- $5,000 to $150,000
- Minimum of 1 year in business
- $500 to cover documentation and processing expenses
- For small businesses in Southern Nevada and Southern California
FOR MORE INFORMATION ABOUT FAST TRACK LOANS CONTACT
Irvine: (949) 502-4300
Las Vegas: (702) 853-4700