Business NewsMarketWire • Plaza Bank Announces Financial Results for the Year and Quarter Ended December 31, 2015 (unaudited)

Plaza Bank Announces Financial Results for the Year and Quarter Ended December 31, 2015 (unaudited)

Plaza Bank Announces Financial Results for the Year and Quarter Ended December 31, 2015 (unaudited)

IRVINE, CA--(Marketwired - Feb 17, 2016) - Plaza Bancorp (OTCBB: PLZZ) (the "Company"), the holding company of Plaza Bank (the "Bank"), reported unaudited net income using the pooling of interest method, due to the Company's merger with Manhattan Bancorp, for the year ended December 31, 2015 of $4.67 million or $0.16 per share on a diluted basis. For the year ended December 31, 2014, the unaudited net income was $1.8 million or $0.06 per share on a diluted basis. For the year ended December 31, 2015, the Company's return on average assets was 0.44% and return on average equity was 4.24%, up from a return on average assets of 0.17% and a return on average equity of 1.36% for 2014.

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