Business News • MarketWire • Community Bank of the Bay Releases Its Financial Results for the Fourth Quarter, 2009 |
Community Bank of the Bay Releases Its Financial Results for the Fourth Quarter, 2009 |
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Community Bank of the Bay Releases Its Financial Results for the Fourth Quarter, 2009
OAKLAND, CA--(Marketwire - February 3, 2010) - Community Bank of the Bay (OTCBB: CBYAA)
releases their earnings for the fourth quarter of 2009.
"We were very fortunate, and stayed clear of most of the issues that have
so severely impacted other banks," said Brian Garrett, Chief Executive
Officer. "That being said, we did have a loss in the fourth quarter of
$105,451. The operating results for the fourth quarter continued an
improving trend as the loss for the quarter was 85% better than the
$687,648 loss reported for the same period in 2008, and 55% better than the
$234,000 loss in the third quarter of 2009. We were able to identify and
aggressively deal with the relatively few problem loans we had, and the
result has been a steady trend of improving financial performance," said
Mr. Garrett. This is further illustrated in the table below.
View More : http://www.marketwire.com/mw/release.do?id=1111904&sourceType=3
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