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PFFBQ - PFF Bancorp, Inc.
PFF Bancorp, Inc.
9337 Milliken Avenue
Rancho Cucamonga, CA 91730
(909) 941-5400
www.pffbank.com
www.calnational.com
Share stats according to Reuters...
Float 18.6M
O/S 22,625,261
A/S 59M
BALANCE SHEET LINK:
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?filingid=8475326&tabindex=2&type=html
Office Pictures Link:
http://www.daigc.com/office-buildings
Nov Short Interest 3,344,000 or 17.98% of float
so $200M shareholder equity = $8.84 per share equity
PFF / Cal National Merger
PFF Bank & Trust is a local community bank with a century-old heritage of service to the Inland Empire and surrounding regions of eastern Los Angeles and northern Orange counties. Established in nearby Pomona, California in 1892, PFF offers a broad range of consumer and business banking products as well as trust and wealth management services.
We are pleased to announce that FBOP Corporation, the parent of California National Bank (Cal National), has entered into an agreement to acquire PFF Bank & Trust. When combined, we expect the combination of Cal National and PFF to result in the formation of a 106-branch network spanning an area from southern Orange County to Ventura and from Indio to the Pacific Ocean.
PFF and Cal National share common values, a focus on service and commitment to community outreach. Our community banking philosophy values lasting relationships by consistently delivering quality financial products and service to you.
About Cal National Bank
California National Bank (Cal National) is a well-capitalized, financially strong community bank.
You can find Cal National Bank locations in Los Angeles, Orange, Ventura, Riverside and San Bernardino Counties, totaling 68 locations throughout their branch network.
The addition of PFF Bank & Trust will incorporate 38 more locations, totaling 106 branches.
Headquarters are located in Los Angeles.
Assets total over $5 billion.
Parent company is FBOP Corporation, which is an asset holding company with more than $14 billion in assets and is located in Oak Park, IL.
FBOP Corp. is a well-capitalized, growth oriented corporation that holds eight banks in Illinois, California, Texas and Arizona.
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#1 & #3 San Jacinto, #2 Apple Valley
#4 Moreno Valley #5 Ontario
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PFF Bancorp, Inc. operates as a holding company for PFF Bank & Trust that provides community banking services to individuals and companies in Southern California. Its deposit products include passbook accounts, interest-bearing and non-interest bearing demand accounts, time and savings deposits, money market savings accounts, and variable-rate and step-up certificate accounts. The company's portfolio of loans include residential tract construction and land loans, commercial real estate loans, real estate equity based consumer loans, one-to-four family residential mortgage loans, multi-family residential and mortgage loans, and commercial business loans. The company, through its other subsidiaries, provides wealth management and advisory services to high net worth individuals and businesses; and provides financing and consulting services to home builders and land developers. It also offers financing services, including real estate consulting, property entitlement, surety bond placement, loan and equity placement, and opportunity and mezzanine lending to home builders, commercial property owners, and land developers; and investment and asset management services to individuals and institutions, such as foundations and endowments, pension plans, and charitable organizations. In addition, the company sells various personal and business insurance policies, fixed and variable annuities, and mutual funds; provides cash management; owns business trusts for the purpose of issuing capital securities; and engages in real estate brokerage and property management activities. PFF Bancorp, Inc. was founded in 1892 and is headquartered in Rancho Cucamonga, California. On December 5, 2008, PFF Bancorp, Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware. The plan was later approved as Chapter 11 liquidation on April 24, 2012.
