Plaza Bancorp, the holding company of Plaza Bank, announces financial results for the third quarter ended September 30, 2016 (unaudited)
THIRD QUARTER 2016 HIGHLIGHTS – COMPARED TO PRIOR QUARTER
- 51% annualized growth in deposits
- Assets up 29% annualized to $1.2 billion
- Loans held for investment increased $41 million
- Net interest margin improved to 4.77%
Plaza Bank Thanks our US Military at the NAIOP San Diego Golf Tournament
This year’s event, hosted at Morgan Run golf course on Monday, September 19, 2016, raised $90,000 for military men and women!
NAIOP stands for the National Association of Industrial and Office Properties. Plaza Bank’s Tim Himstreet has served on the NAIOP San Diego board since 2001. The board is responsible for continuing growth in commercial development, and assisting with building and maintaining our city’s commercial businesses.
EMV Chip Debit Card Frequently Asked Questions
What is an EMV?
EMV stands for (Europay, MasterCard® and VISA®) and is the new global standard for cards equipped with computer chips and technology used to more securely authenticate chip-card transactions.
Why is Plaza Bank migrating to EMV chip enabled cards?
All major US credit card vendors have implemented this change and Plaza Bank wants to ensure we are providing the strongest technology to protect our clients.
Plaza Bank raises money for Redondo Union High School and Mira Costa High School girls and boys volleyball programs in the South Bay
Plaza Bank’s Kevin Campbell, Lakers head coach Luke Walton, and Will Campbell (KC’s son)
This past Labor Day Weekend, Plaza Bank sponsored the 59th Annual 4 Man Labor Day Beach Volleyball Tournament in Hermosa Beach. Kevin Campbell’s father started this tournament and it has grown into one of the premier 4 man tournaments in Southern California.
Advancing Innovation Pet
Imagination, creativity, and originality are the strategic tools Innovation Pet uses to bring exciting new products to pet parents everywhere. Since inception four years ago, Innovation Pet has set the pet industry on fire with its unique and engaging products. This dynamic corporation is rapidly achieving success that competitive companies envy—with several industry awards and national publicity that includes an appearance on ABC’s famed Shark Tank reality television show.
Innovation Pet’s story began in 2012 when, after previously running a successful company together, Victoria Coopman and Tim Taft reunited on a new business venture. With decades of combined experience in the pet industry, they set out to revitalize the market with a unique line of interactive and automated toys for cats and dogs. Smartly, they envisioned engineering their products targeting a rapidly growing customer base that loves to pamper and entertain their beloved companion animals.
Plaza Bancorp, the Holding Company of Plaza Bank, Announces Financial Results for the Second Quarter Ended June 30, 2016 (Unaudited)
IRVINE, CA — (July 18, 2016) – Plaza Bancorp (OTCBB: PLZZ) (the “Company”), the holding company of Plaza Bank (the “Bank”), reported unaudited net income for the quarter ended June 30, 2016 of $3.0 million or $0.10 per share on a diluted basis compared with $2.3 million, or $0.08 per diluted share for the first quarter of 2016. For the quarter ended June 30, 2016, the Company’s annualized return on average assets was 1.09% and annualized return on average equity was 10.58%, up from an annualized return on average assets of 0.89% and an annualized return on average equity of 8.53% for the first quarter of 2016.
Help Protect Against Fraud
In today’s world, fraud is an increasing threat and it is important to be proactive and diligent in order to mitigate your risk of loss. Plaza Bank is committed to providing your business with leading fraud prevention tools in order to better safeguard your business. Below are some of the fraud prevention tools that would be beneficial to your organization. Learn more…
Advancing Summit Enterprises
Bill and his wife Brenda own and operate Summit Enterprises, a residential commercial property investment company serving the greater Pasadena area for 40 years. Having built the business through service, commitment, and referrals, Summit Enterprises continues to satisfy clients with its responsive leasing and maintenance services.
After working in the banking industry for several years, Bill started the company in 1976. But his first entrepreneurial venture actually came several years before. “I purchased my first investment property when I was 19 years old, just out of high school,” Bill said. “My mother was my first lender! She believed in owning real estate and always encouraged me to achieve my goals.”
That set Bill on course to reach considerable personal and professional success, with Brenda by his side through the years. As their business has evolved, so has its lending needs. A former Bank of Manhattan client, Summit Enterprises began working with Plaza Bank following the merger in 2015.
CYBER SECURITY Tips to avoid Phishing, Spyware and Malware
Plaza Bank is committed to your security and safety. Protecting information is our top priority and it requires diligence from our clients as well as the bank.
- Do not open e-mail from unknown sources. Be suspicious of e-mails purporting to be from a financial institution, government department, or other agency requesting account information, account verification, or banking access credentials such as user names, passwords, PIN codes, and similar information. Opening file attachments or clicking on web links in suspicious e-mails could expose your system to malicious code that could hijack your computer.
- Never respond to a suspicious e-mail or click on any hyperlink embedded in a suspicious e-mail. Call the purported source if you are unsure who sent an e-mail.
Plaza Bank Supports Komen Orange County at the Pink Tie Ball
The Pink Tie Ball is Komen Orange County’s annual fundraising gala held at a unique venue each year. Held on May 7th in Irvine, CA, the Pink Tie Ball unites people with the shared passion for saving lives in helping women at every stage of their breast cancer journey.
This year, CEO Gene Galloway brought Plaza Bank onboard as a Silver Level sponsor, fueled by the vision of Komen OC to live in ‘A World Without Breast Cancer’. Unfortunately the fact remains that our friends and loved ones – and many more people we do not know – are still dying of breast cancer. Last year, 40,000 people died from breast cancer in the United States.
Plaza Bank ranked among S&P Global Market Intelligence’s TOP 100 community banks — Again
Jump to #29 in 2015 reflects Plaza Bank’s continued growth and success.
IRVINE, CA – April 15, 2016: Plaza Bank (PLZZ) (the “Bank”) is proud to announce it has been named one of the 100 Top-Performing Community Banks for 2015 by S &P Global Market Intelligence (formerly S&P Capital IQ and SNL Financial). Plaza Bank now ranks #29 in 2015 of the top 100 banks, out of the total 492 banks with assets between $1 billion to $10 billion.
“This ranking is a tribute to all Plaza Bank staff and the jobs they perform. For the second consecutive year, the Bank has demonstrated remarkable overall results, underscored by our performance across the key ranking metrics,” said Gene Galloway, President and CEO at Plaza Bank. “Improving twelve spots in a single year is no small feat, reflecting the dedication of our professionals and their commitment to client success, one relationship at a time. We are honored to be included among the nation’s top-performing community banks and look forward to our continued growth in 2016.”
Fast Track: A Micro Loan for your Small Business
Entrepreneurs seeking small loans may benefit from the Fast Track Program. A quick and streamlined approval process makes this option ideal for newer businesses that do not have an extensive operating history.
- $5,000 to $150,000
- Minimum of 1 year in business
- $500 to cover documentation and processing expenses
- For small businesses in Southern Nevada and Southern California
FOR MORE INFORMATION ABOUT FAST TRACK LOANS CONTACT
Irvine: (949) 502-4300
Las Vegas: (702) 853-4700