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Article Excerpt
M2 PRESSWIRE-27 July 2009-Stockguru.com: Atlantic Pacific Bank is in the StockGuru Spotlight for July 27, 2009(C)1994-2009 M2 COMMUNICATIONS
RDATE:27072009
DALLAS, TEXAS : StockGuru announces that Atlantic Pacific Bank (OTCBB: APFB) is in the StockGuru Spotlight. Atlantic Pacific Bank is the newest independent business bank headquartered in Sonoma County. The bank is focused on meeting the specialized needs of small to medium-sized businesses and professionals. Atlantic Pacific Bank is located at 3725 Westwind Blvd., Suite 100, Santa Rosa, California and is near the Charles M. Schultz - Sonoma County Airport
On Friday, the company put out news announcing that it has continued to increase its level of earnings and has achieved its fourth consecutive profitable quarter as a de novo bank. The bank reported net income for the quarter totaling $101,000 and year-to-date earnings totaling $171,000 for the period ending June 30, 2009, respectively. The de novo bank opened for business July 10, 2006. Assets totaled $72,784,000 at June 30, 2009, representing an increase of 15.6% over March 31, 2009 and an increase of 39.7% over June 30, 2008. At...
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