Bank of Commerce Records First Profitable Year
"We achieved full year profitability in what is only our second full year
of operation. Despite these very challenging economic times, we grew assets
and loans by a very respectable 64% during the year. I am proud of our team's
dedication and hard work in taking care of our clients and shareholders," said
The Bank's net income for the quarter ended
Bank of Commerce serves the needs of independently owned businesses in the
Online banking, courier service and extended deposit hours are additional
hallmarks of Bank of Commerce. The Bank's common stock is quoted in the
over-the-counter market through the OTC Bulletin Board under the symbol
"BONC.OB." For additional information, contact Bank of Commerce Headquarters,
100 Queens Road,
This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of Bank of Commerce. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of management of the Bank and on the information available to management at the time that these disclosures were prepared. These statements can be identified by the use of words like "expect," "anticipate," "estimate" and "believe," variations of these words and other similar expressions. Readers should not place undue reliance on forward-looking statements as a number of important factors could cause actual results to differ materially from those in the forward-looking statements. The Bank does not undertake an obligation to update any forward-looking statements.
SOURCE Bank of Commerce
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