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California Republic Bank Set for Initial Public Trading
NEWPORT BEACH, Calif. (Business Wire EON) February 11, 2008 -- "We are very pleased to have our stock listed on this exchange, which represents a new milestone in the bank's history," said California Republic Bank CEO Robert Bulseco. "Our stock will now have liquidity and our shareholders will be able to trade in the public marketplace. We look forward to the challenge of returning value to our shareholders and are confident there will be a demand for our stock as we grow the bank. We have assembled an exceptional team of veteran bankers and look forward to meeting the challenges that lie ahead."
The bank opened its doors as a State Chartered financial institution on December 5, 2007 with a record-setting capitalization of $52,000,000. CRB is a full-service commercial bank that provides business and private banking products and services, including business and real estate lines of credit, bridge and term loans, corporate debit & credit cards, and a full suite of "state of the art" cash management services. The primary focus is on businesses, their owners, investors, and high net worth individuals and families.
The bank's listing was accomplished with the assistance of Troy Norlander & Michael Natzic, community bank specialists at financial services firm Stone & Youngberg.
For more information, contact the bank at 949-270-9700 or visit www.crbnk.com. For information regarding the purchase or sale of the bank's stock, contact Norlander or Natzic of Stone & Youngberg at 800-288-2811. The bank is located at 1400 Newport Center Drive, Suite 150, Newport Beach, California.
Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbors created by the act. These forward-looking statements refer to the Company's current expectations regarding future operating results, and growth in loans, deposits, and assets. These forward looking statements are subject to certain risks and uncertainties that could cause the actual results, performance, or achievements to differ materially from those expressed, suggested, or implied by the forward looking statements. These risks and uncertainties include, but are not limited to (1) the impact of changes in interest rates, a decline in economic conditions, and increased competition by financial service providers on the Company's results of operation, (2) the Company's ability to continue its internal growth rate, (3) the Company's ability to build net interest spread, (4) the quality of the Company's earning assets, and (5) governmental regulations.
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