Pan Pacific Bank (fka PPFC)

[56Chevy]

....2,517,500 shares of common stock were offered to accredited investors for aggregate gross proceeds of $5,035,000 before expenses. Shares were offered to certain accredited investors and institutions for $2.00 per share.

Nearly one year later since the private placement, shares are trading in the same + or - $2 range, however this bank has just completed it's 4th consecutive profittable qtr since that placement and deserves a much closer look. Getting in at the same price as an accredited investor is an excellent situation to have for retail investors...that opportunity still exists and the bank has only gotten stronger.