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SoCal Bancorporation Announces Date of Voluntary Dissolution
Last update: 10/19/2011 5:00:00 PM
SAN FRANCISCO, Oct 19, 2011 (BUSINESS WIRE) -- SoCal Bancorporation ("SoCal")(BLVE) announces that on October 31, 2011, it will file its certificate of dissolution with the California Secretary of State and as of such date, its common stock will cease to trade on the pink sheets. As previously announced, holders of common stock of SoCal will not receive any amounts in liquidating distributions, as all remaining assets of SoCal, amounting to less than $300,000 in the aggregate, will be distributed to its creditors.
SOURCE: SoCal Bancorporation
SoCal Bancorporation Richard Decker, 415-434-1264
Copyright Business Wire 2011
BLVE is now on stockcharts.com
"you gotta ask questions that help define pps value?"
she said that she new it was still trading a few shares now and then and then went into the dissolve the stock 2011 and no more filings. not even a hint of any forward progress, or corporate shell discussion.
joanne lauer
vp
415 434 1264
she is still at work as we speak.
she is more than willing to make time for anybody. i encourage you to approach her and get a feel for what she says. i know with out a doubt you are way more expierenced in this than myself. i am but a rookie trader. if your intel came back with positive feed back of something i have missed i would be back in this stock in a heartbeat.
thanks for the work you do for ihubers it is greatly appreciated my friend.
Will you call tomorrow? Socal could have no money but the other banks could.
got to ask definite questions.
Hope this isn't bust, don't get to many bank mergers
Did you ask about the Corporate Shell? For one thing elimination of debt is great!! I know she will not provide and it would be foolish to ask about forward information, you gotta ask questions that help define pps value!! Due to the merger the Corp Shell Co, BLVE, would have additional strength with with this conglomoration? Do you have a more detailed dioluge of your conversation?
Thank You
415 434 1264
call her now its west coast
Would you provide me with the number you called so I can call tomorrow? TIA
there is a merger/aqu. the problem is the money from socal went to pay for all its debt that it had. therefore leaving no money.
yes i highly recommend that people call
I'm hoping it's just an miss understanding, stopping a merger/acquisition is a pretty big thing especially when it's three banks, drill them lol
Well I was buying today...I'm either wrong or right...and will call tomorrow to see which one...GL
A simple phone call could verify it for people but nobody likes to actually work for anything just pull on the slightest word, I don't have long distance so I can't call, lol
So what is the word here? Sure got quiet.....are we sure? anyone verified?
good luck to you too. thanks for calling
yes. thats the game. good luck
well. i take her word for it. i sold my shares and now its on to the next stock. just gotta move on.
this the information she gave. no nonsense.
really? so the stock is dead now huh?
spoke with janice lauer yesterday.
not good.
no 8k will be filed.
there is no $ in so cal
stock dissolved by end of 2011.
this is not a bash. i was a bit upset for i thought this might materialize into something really good.
these are the facts any questions call 415 434 1264 she is a real pleasant lady.
Great job REATA, let us know, thanks!!
richard decker or mary lynn is who i was directed to on friday. she had stepped out. it will probably take a few trys to get to her but would like to provide something tangible to the board from the contact. we will see i been practicing my sweet talk all weekend. lol
good luck with it all. since they are in cali remember they are 3 hours behind eastern time. i hope to hear that you were able to get ahold of someone. imo it shouldn't be a problem. who are you trying to call?
phone and email to share with board
how are you going to contact them?
is this the reason for the merger? date july of 10
http://www.thestreet.com/story/10798790/2/socal-bancorporation-announces-recapitalization-of-professional-business-bank.html
last part of the paragraph... socal "inabilty" not bashing stock just looking for answers.
still gonna call monday about future of socal pinks, 8k , filing of the 15, and maybe get a gut feeling.
Nice, let us know how it goes!!! Itching to hear from Mgmt!!
How far along is the accusation of course
i will try to visit with Mary Lynn (director) on monday morning she was unavailable this afternoon. is there any questions concerning the this stock the folks here would like me to ask?
then we need to spread the word!
auto upped the bid from .115 to .125 now to .145
thats the highest I have seen it in weeks. this will continue to happen i presume as more people want shares and no one will sell them for that cheap.
the bid is still looking much strong than the ask.
and that is exactly why I'm here, cause I know it will happen. im ready for news now lol
When this stock is discovered, it will be too late for cheap shares. It will happen that fast - she can see dollarland in seconds.
Bank Mergers are rare, this stock is way oversold and undervalued, it just has not been discovered!!
i'd roll with knowing there are about 20k shares between here and a dollar! dollarland is just around the corner.
i do wonder when blve is going to uplist off the pinks. imo they shouldn't even be on the pinks.
When the 8k hits watch out Dolla Land!
More and more eyes gonna be on this before too long, each day shares getting absorbed, I don't think there can be more than 20k shares between .20 and $1!!!
Agreed! All in due time...
.18 GOT FILLED EASY AND QUICK JUST FYI MY FRIEND
i love how lvl 2 looks, bid is definitely out-stacking the ask. thinking i am going to try to buy more shares today before that 8k comes. if i do my order will be higher than the bid for sure
And this 8k will come anytime now?
i have no problem waiting for $$$$$$$$$$$$$$$
Tic Toc, yes the 8k coming out is the next huge catalyst!!!
i'd imagine any day now but who really knows for sure? does anyone have a guess? I thought it would have been out by now but i guess not. I'm not sure how long these things take.
Good post. When should 8k be out?
8k due out soon! this will raise awareness and create buying pressure and volumes thus making pps shoot up. why will it shoot up and not just go up? look at the float, this thing moves on nothing. Float will lock up in an instant imho!
currently the bid is stacked compared to the ask! just look at lvl 2. Only 2 mm's under $1 and 2 mm's are on the bid. once this moves if your caught chasing good luck, you wont get any shares for this super cheap pps.
This is not your ordinary penny stock, the banks deal with the FED and the pps used to be above 20! personally I'd like to see this sitting at above a dollar or two in the near term. the 8k imo will shoot us up to $1. bid is at .11 and ask is .18. thats a 5-9bagger from here guys and gals.
hit the ask a time or two and you'll see how fast this moves.
dont get caught sitting on the sidelines. if you have some spare funds you can throw at this now i would do it. GLTY
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[chart]recoveronlinegamblingdebts.com/forum/uploads/jimmybob/images/2007-04-15_201904_bar_elegent_blu.gif[/chart][chart]recoveronlinegamblingdebts.com/forum/uploads/jimmybob/images/2007-04-15_201904_bar_elegent_blu.gif[/chart]
Market Value1 | $233,230 | a/o Jan 14, 2011 |
Shares Outstanding | 3,331,859 | a/o Nov 14, 2008 |
[chart]recoveronlinegamblingdebts.com/forum/uploads/jimmybob/images/2007-04-15_201904_bar_elegent_blu.gif[/chart][chart]recoveronlinegamblingdebts.com/forum/uploads/jimmybob/images/2007-04-15_201904_bar_elegent_blu.gif[/chart]
Belvedere SoCal operates as the bank holding company for Professional Business Bank that provides various financial products and services primarily for small businesses in California. The company is a subsidiary of Belvedere Capital Fund II L.P. Lending Activities The company offers commercial loans, lines of credit, certain consumer and installment loans, commercial and residential construction loans, and commercial real estate loans, as well as certain specialized products, such as SBA and CalCAP loans. It assists its customers to procure certain loans not maintained in its portfolio, such as long term real estate loans. It offers loans for purchasing land and improvements, construction, modernizing or converting existing facilities and purchasing certain machinery and equipment. It offers loans to small- and medium-sized businesses under the CalCAP program. The company also offers various consumer loans, including home equity loans, home improvement loans, and auto loans. Deposits The company offers personal and business checking, money market, savings account, certificates of deposit, and IRA accounts. Depositors have the option of subscribing for a range of electronic services, including online banking, ATM and debit cards, and telebanking. In addition to its traditional deposit services, the company offers specialized deposit services for title and escrow company clients to purchase of real estate and other types of transactions open and close. Online Banking Services The company’s Web sites (www.probizbank.com and www.spectrumbank.com) offer an on-line banking solution for its customers. On these Web sites, customers are able to check their balances, transfer funds, review past transactions, and contact it online. In addition, online bill payment was also added in the Web site. Investment Portfolio As of December 31, 2008, the company’s investment portfolio included the U.S. Government agencies; mortgage-backed securities; and collateralized mortgage obligations.
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KEY EXECUTIVES - BELVEDERE SOCAL (BLVE)
Mary Lynn D. Lenz 3 Relationships Chief Executive Officer, President, Director, Chief Executive Officer of Professional Business Bank, President of Professional Business Bank and Director of Professional Business Bank 54
James Westfall No Relationships Chief Financial Officer, Chief Accounting Officer and Senior Vice President 57
Norman Broyer No Relationships Chief Risk Officer of Spectrum Bank and Chief Credit Officer of Spectrum Bank 66
Alison Davis 93 Relationships Secretary, Director, Member of Audit Committee, Member of Nominating Committee, Member of Compensation Committee 47
The company’s Web sites (www.probizbank.com and www.spectrumbank.com)
[chart]recoveronlinegamblingdebts.com/forum/uploads/jimmybob/images/2007-04-15_201904_bar_elegent_blu.gif[/chart][chart]recoveronlinegamblingdebts.com/forum/uploads/jimmybob/images/2007-04-15_201904_bar_elegent_blu.gif[/chart]
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