First California Financial Group Inc

Type: Company

Name: First California Financial Group Inc

First reported May 16 2013 - Updated May 17 2013 - 3 reports

Westlake Village-based First California bank sale approved

Ventura County StarLos Angeles-based PacWest Bancorp and Westlake Village-based First California Financial Group Inc. have received regulatory approvals for a sale and expect to close the deal May 31, the banks said.PacWest previously announced its $237 ... [Published Ventura County Star - May 17 2013]

Entities: PacWest Bancorp, First California Financial Group Inc, Mergers & Acquisitions, San Luis Obispo

First reported May 14 2013 - Updated May 14 2013 - 1 reports

Federal Deposit Insurance Corporation

FCAL merger with PacWest set to close May 31

Los Angeles-based PacWest Bancorp and Westlake Village-based First California Financial Group have received the go-ahead from federal banking regulators to finalize a $237 million merger. The deal, which will merge First California into PacWest and likely ... [Published Pacific Coast Business Times - May 14 2013]

Entities: PacWest Bancorp, Mergers & Acquisitions, First California Financial Group Inc, Federal Deposit Insurance Corporation

First reported Mar 21 2013 - Updated Mar 21 2013 - 1 reports

8-K - First California Financial Group, Inc. (0001370291) (Filer)

Filed: 2013-03-21 AccNo: 0001387131-13-000861 Size: 42 KBItem 5.07: Submission of Matters to a Vote of Security Holders ... [Published SEC Filings - Mar 21 2013]

Entities: First California Financial Group Inc, 8-k, Security

First reported Feb 20 2013 - Updated Feb 20 2013 - 1 reports

8-K - First California Financial Group, Inc. (0001370291) (Filer)

Filed: 2013-02-20 AccNo: 0001387131-13-000508 Size: 34 KBItem 2.05: Cost Associated with Exit or Disposal ActivitiesItem 2.06: Material Impairments ... [Published SEC Filings - Feb 20 2013]

Entities: First California Financial Group Inc, 8-k

First reported Dec 17 2012 - Updated Dec 17 2012 - 1 reports

Eagle Bancorp Montana Inc

Community Banks At The Crossroad: Risky Moments For Shareholders

By Phil Timyan : Over its life span, any bank - or for that matter, any business - is likely to encounter at least one proverbial "fork in the road," or "crossroad," at which its operators must choose between two very different journeys. How a bank ... [Published Financial Sector and Stocks Analysis from Seeki ... - Dec 17 2012]

Entities: Community Banks Inc, Community West Bancshares, Eagle Bancorp Montana Inc, First California Financial Group Inc

Quotes

Matt Wagner, Chief Executive Officer, commented, "Our first quarter results continue to demonstrate sustained profits and a strong balance sheet, with adjusted net earnings of $17.0 million and stockholders' equity at 11.1% of assets. Our net interest margin remains at a superior level compared to peers and credit quality continues to be stable. Loan growth is challenging, as we continue to resist competing for term real estate loans having rates substantially below our net interest margin and durations that give rise to unacceptable interest rate risk. Nevertheless, we grew the C&I portfolio by $6.8 million, with our asset financing segment leading the way with a net $49.2 million in new loans and leases. Our loan pipeline for the next three quarters has built-up nicely due to slowly improving economic conditions in our markets, our focus on existing customers for referrals, and service levels that enable us to attract and retain business from the larger banks."

PacWest Bancorp Announces Results for the First Quarter of 2013 [Published GlobeNewswire - Apr 17 2013]

Matt Wagner, Chief Executive Officer, commented, "We had an exceptional fourth quarter and year. Our fourth quarter earnings of $19.9 million contributed to our solid capital base. Credit quality continues to improve, and our reserve coverage ratios are strong. Although we resisted competing for term real estate loans at low rates and long durations, we had $28.3 million of solid growth in our C&I and lease portfolios during the fourth quarter."

PacWest Bancorp Announces Results for the Fourth Quarter of 2012 and Calendar Year 2012 [Published GlobeNewswire - Jan 16 2013]

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