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April 27, 2015 5:46 PM ET

Banks

Company Overview of Commerce National Bank

Company Overview

As of October 1, 2013, Commerce National Bank was acquired by Sterling Savings Bank. Commerce National Bank, a nationally chartered and federally insured commercial bank, provides business and personal banking products and services. Its business banking products and services include business checking and savings accounts, certificates of deposit, and business money market accounts; commercial loans, such as lines of credit, letters of credit, short term loans, term loans, and real estate financing; multi-family loans, real estate secured business lines of credit, and construction loans on income and residential properties, as well as mini-perm loans on industrial, office, and retail properti...

4040 MacArthur Boulevard

Suite 100

Newport Beach, CA 92660-2556

United States

Founded in 2003

Phone:

949-474-1020

Fax:

949-474-2010

Key Executives for Commerce National Bank

Commerce National Bank does not have any Key Executives recorded.

Commerce National Bank Key Developments

Commerce National Bank Announces Unaudited Condensed Earnings Results for the Second Quarter and Six Months Ended June 30, 2013

Commerce National Bank announced unaudited condensed earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the bank announced interest income of $2,413,000 compared to $2,687,000 for the same period a year ago. Net interest income was $2,195,000 compared to $2,455,000 for the same period a year ago. Net income before income taxes was $181,000 compared to $664,000 for the same period a year ago. Net income was $105,000 compared to $374,000 for the same period a year ago. Basic and diluted earnings per share were $0.04 compared to $0.14 for the same period a year ago. For the six months, the bank announced interest income of $4,807,000 compared to $5,353,000 for the same period a year ago. Net interest income was $4,366,000 compared to $4,885,000 for the same period a year ago. Net income before income taxes was $568,000 compared to $1,087,000 for the same period a year ago. Net income was $330,000 compared to $611,000 for the same period a year ago. Basic and diluted earnings per share were $0.12 compared to $0.23 for the same period a year ago.

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