Business News • MarketWire • Plaza Bank Announces Profit in Third Quarter 2010 |
Plaza Bank Announces Profit in Third Quarter 2010 |
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Plaza Bank Announces Profit in Third Quarter 2010
IRVINE, CA--(Marketwire - October 28, 2010) - Plaza Bank (OTCBB: PLZB) today announced third
quarter 2010 net earnings of $4,743,000, or $0.23 per diluted common share,
compared with a net loss of $794,000, or ($0.08) per common share, for the
same period the prior year. As discussed below, net earnings for the
quarter included non-recurring income resulting from a bargain purchase
gain associated with the Bank's acquisition of the failed SouthwestUSA
Bank, Las Vegas, Nevada ("SWUSA") from the FDIC in July 2010. The third
quarter 2010 operating loss before taxes, which excludes the bargain
purchase gain on acquisition, related acquisition costs and deferred tax
adjustments, was $246,000.
View More : http://www.marketwire.com/mw/release.do?id=1343607&sourceType=3
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