The Private Bank of California (OTC:PBCA) has released the first quarter results for the period ended March 31, 2010. The company has reported a net income of $138,000, showing an increase four times more than the year ago period. The company’s income prior to provisions for credit losses and income taxes also improved by 17% to $389,000. PBCA’s total assets exceeded $300 million for the first time in its history and total deposits also increased by 35% to $267 million in addition to a 68% growth of demand deposits. For more information, visit http://www.tpboc.com/.
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The Bank is a boutique bank servicing high net worth individuals, their advisors and their business, personal and community interests primarily on the Westside of Los Angeles. The Bank is a California-chartered commercial bank operating from its headquarters office at 10100 Santa Monica Boulevard, Suite 2500, Los Angeles, California 90067.
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