Pacific West Bank (OTC:PWBO) has announced the release of its third quarter earnings for fiscal 2009. The company reported a net loss of $35,000 and a diluted loss per share of $0.04. The first nine months had a net loss of $593,000 and a diluted loss per share of $0.78. The previous year earned a net income of 459,000 and a diluted earnings per share of $0.08 during the same period.
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Pacific West Bank President and CEO Steve Gray is disappointed with the company’s losses, but remains committed to restoring the company’s profitability. A strong focus has been put on strengthening the company’s balance sheet. To review the full financial report, visit the company’s website, http://www.bankpacificwest.com/.
Pacific West Bank, a community bank, commenced operations in November 2004. The Bank, headquartered in West Linn, Oregon, opened its second branch in Lake Oswego, Oregon in 2008. Pacific West Bank provides not only highly personalized deposit and loan services to individuals and small-to-medium sized businesses but also financial and volunteer support to a variety of community, civic and charitable organizations. For more information about Pacific West Bank, please call 503-905-2222 or visit http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.bankpacificwest.com&esheet=6118430&lan=en_US&anchor=www.bankpacificwest.com&index=1&md5=7f0cea8dd7850cbcdbe91c0f536f540a. Information about the Bank's stock may be obtained through the Over the Counter Bulletin Board at http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.otcbb.com&esheet=6118430&lan=en_US&anchor=www.otcbb.com&index=2&md5=e0ad9e68b210caf6569e419f1c3c93b9. Pacific West Bank's stock symbol is PWBO.
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