WCB Holdings Inc (fka WCBH)

[Renee]

WCBH: inactive security. FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[makinezmoney]

$WCBH: Up 60,000% .... sudden volume


Que Paso Amigos ???



GO $WCBH

[midasman]

MERRY X-MAS EVERYBODY!!!!!!!!!

[midasman]

WCBH - well, they failed, but it's still a bank! On Sept. 15 the company reported its total assets grew 3 percent or $3.3 million from $106 million at December 31, 2009 to $109.4 million at June 30, 2010. For the same period, total loans shrank 11.4 percent or $11.1 million from $96.9 million to $85.8 million.

Total deposits grew 10.1 percent or $9.6 million from $94.4 million to $104 million, respectively.

[midasman]

WCBH News from 11/05/2010


press release
Nov. 5, 2010, 8:00 p.m. EDT

First California Acquires Western Commercial Bank
WESTLAKE VILLAGE, CA, Nov 05, 2010 (MARKETWIRE via COMTEX) -- First California Financial Group, Inc. /quotes/comstock/15*!fcal/quotes/nls/fcal (FCAL 2.51, +0.01, +0.40%) , the holding company of First California Bank, today announced that First California Bank assumed all of the deposits and substantially all of the assets of Western Commercial Bank /quotes/comstock/11k!wcbh (WCBH 0.01, +0.01, +100.00%) , effective at the close of business Friday, November 5, 2010, from the Federal Deposit Insurance Corporation (FDIC) acting in its capacity as receiver of Western Commercial Bank.

To protect depositors of Western Commercial Bank, the FDIC entered into a purchase and assumption agreement under which First California Bank assumed all deposits of Western Commercial Bank. Branches previously operated by Western Commercial Bank will reopen Monday morning, November 8, as part of the First California Bank franchise. Western Commercial Bank's depositors will automatically become depositors of First California Bank.

"We welcome Western Commercial Bank's customers and employees to the First California family," said C. G. Kum, president and chief executive officer of First California Financial Group. "First California is financially strong, so customers can be confident that their deposits are safe and readily available. This transaction is in keeping with our growth strategy and increases our market share in Southern California."

As a result of this acquisition, First California Bank will assume approximately $101.1 million in total deposits and $83.9 million in total loans. All of the loans purchased from the FDIC are covered under loss-sharing agreements that afford First California Bank significant protection from losses.

Western Commercial Bank, headquartered in Woodland Hills, California, is a business bank that offers a comprehensive selection of business deposit and loan products. Western Commercial Bank's primary markets are Ventura County and the San Fernando Valley.

[midasman]

WCBH - webside of "first california bank" FCAL, new owner of "western commercial bank" WCBH http://www.fcbank.com/home.php

[hwllo]

ya some activity last few days i bout some too ya chart shows staright to 1$ lol should be fun once this get going

[midasman]

bought a few @ 0.01 - who knows, perhaps it's bouncing. could b a multibagger soon. seems 2b current. pps at around 1 cent - chart looks like it could move back 2 a nickel & a dime, just like NVAE did...all imo of course! http://www.otcmarkets.com/stock/WCBH/quote

[di4]

WCB Holdings, Inc. and Western Commercial Bank Announce 1st Quarter Results for 2009
May 15, 2009 6:42:00 PM


Email Story Discuss on ZenoBank

View Additional ProfilesWOODLAND HILLS, CA -- (MARKET WIRE) -- 05/15/09 -- WCB Holdings, Inc. (OTCBB: WCBH), located at 21550 Oxnard Street, Suite 100, Woodland Hills, California, announced its first quarter of 2009 financial results. Through March 31, 2009, the Bank showed a net profit of $24,000 and the Company (on a combined basis) showed a net loss of $11,000. The Company's total assets grew 18% from $104.3 million at March 31, 2008 to $123.0 million at March 31, 2009. For the same period, total loans grew 24% from $83.5 million to $103.4 million and total deposits increased 20% from $89.3 million to $107.0 million. The Company also recognized $43,000 in warrants expense for the year ended March 31, 2009.

Western Commercial Bank, a wholly owned subsidiary of WCB Holdings, Inc., recognized $50,000 in non-cash stock option compensation expenses, and provided $35,000 in loan loss provision for the quarter and year ended March 31, 2009.

At March 31, 2009, the Bank's allowance for loan losses was $1,359,000 or 1.32% of total loans (or 1.45% net of cash secured and government guaranteed loans), which Management considers prudent in this economy.

At March 31, 2009, the Bank's Tier 1 leverage ratio was 8.2% and its total risk-based-capital ratio was 10.3%, both considered in the well-capitalized category. The Bank has two non-performing assets for $8.6 million, both of which are very well-secured and mitigated by a $5.3 million guarantee by the USDA.

Carl W. Raggio, III, President and CEO, said, "While the economy continues to be a major factor for the banking industry, the Board and I are pleased we could show a profit for the Bank in the first quarter. We feel this is a testament to our strong clients and continued vigilance in our risk assessment."

To bolster its capital, the Company expects to raise funds in a private offering in the second quarter of 2009.

Forward-looking statements, by their nature, are subject to risks and uncertainties. The statements contained in this release that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects on the Company. Readers are cautioned not to unduly rely on forward-looking statements. Actual results may differ from those projected. Forward-looking statements speak only as of the date they were made. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances that may occur after the date that forward-looking statements are made.

The Bank offers a comprehensive selection of business deposit and loan products, cash management services as well as SBA-guaranteed loans. The Bank is not involved in any of the sub-prime products.

The Bank provides financial services to small and mid-sized businesses, entrepreneurs and professionals in the San Fernando Valley, with special expertise in commercial real estate finance.

Regular office hours are Monday through Friday, 9:00 a.m. until 4:00 p.m.

Information on the Bank's services is available by calling [phone] and online at www.westerncommercialbank.com. Information on the Bank's stock may be obtained from Carl W. Raggio, III, President and Chief Executive Officer, at [phone]. The stock trades on the OTC Bulletin Board.

Contact:
Carl Raggio
President & Chief Executive Officer
[phone]