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56Chevy

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56Chevy

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Re: Enterprising Investor post# 7

Monday, 08/06/2012 7:10:11 PM

Monday, August 06, 2012 7:10:11 PM

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Thanx for this 2Qrt update EI. I'm sure the financial improvements brought smiles all around for management...but the removal of the consent order just put a cherry on the top of this report! Way to go Pan Pacific!

The Bank also announced that regulatory agencies have removed the consent order put in place in April 2010. The order was replaced with a memorandum of understanding. This informal agreement is less restrictive and primarily calls for the leverage capital ratio to be at least 10%, the total risk based capital ratio be at least 12%, and continued reduction of adversely classified assets.

"These accomplishments are the result of very hard work by our employees and furthers our efforts to build franchise value for our shareholders," stated Chief Executive Officer, Wayne Doiguchi.



Learn something new every time you invest...and take it with you to the next opportunity.

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