Bank of Commerce Holdings Announces Effectiveness of Name Change for Subsidiary Bank
May 20 2019 - 9:00AM
Bank of Commerce Holdings (NASDAQ: BOCH) (the “Company”), a
$1.5 billion asset bank holding company, today announced the
effectiveness of the previously announced name change of its
subsidiary bank from Redding Bank of Commerce to Merchants Bank of
Commerce (the “Bank”).
“Today all of the divisions of our subsidiary
bank began operating under one unified name, Merchants Bank of
Commerce,” said Randall S. Eslick, President and Chief Executive
Officer. “This change unifies all of our branches and divisions
under one name and one logo. As Merchants Bank of Commerce, we
remain committed to our core values of integrity, ownership,
respect, excellence, and teamwork, and to fostering successful
growth in our company, our people, and our community. Our
name changed, but we are still your bank of choice.”
All of the Bank’s locations (Redding Bank of
Commerce; Sacramento Bank of Commerce, a division of Redding Bank
of Commerce; and The Merchants Bank of Sacramento, a division of
Redding Bank of Commerce) began operating as Merchants Bank of
Commerce on May 20, 2019. The Bank’s website URL changed to
mboc.com and Bank employee email domains changed to
@mboc.com. No changes were made to phone numbers or
addresses.
About Bank of Commerce
Holdings
Bank of Commerce Holdings is a bank holding
company headquartered in Sacramento, California and is the parent
company for Merchants Bank of Commerce. The Bank is an FDIC-insured
California banking corporation providing community banking and
financial services through twelve locations in northern California.
The Bank was incorporated as a California banking corporation on
November 25, 1981 and opened for business on October 22, 1982. The
Company’s common stock is listed on the NASDAQ Global Market and
trades under the symbol “BOCH”.
Forward-Looking Statements
Bank of Commerce Holdings wishes to take
advantage of the safe harbor provisions included in the Private
Securities Litigation Reform Act of 1995. This news release
includes statements by the Company that describe management’s
expectations regarding future developments and which may not be
based on historical facts and are “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended and Section 21B of the Securities Act of 1934, as amended.
Future events are difficult to predict and are necessarily subject
to risk and uncertainty that may cause actual results to differ
materially and adversely from those expressed or implied by our
forward-looking statements. In addition to discussions about risks
and uncertainties set forth from time to time in the Company's
public filings, factors that may cause actual results to differ
materially from those contemplated by such forward looking
statements include, among others, the following possibilities: (1)
local, national and international economic conditions are less
favorable than expected or have a more direct and pronounced effect
on the Company than expected and adversely affect the Company's
ability to continue its internal growth at historical rates and
maintain the quality of its earning assets; (2) changes in interest
rates reduce interest margins more than expected and negatively
affect funding sources; (3) projected business increases following
strategic expansion or opening or acquiring new banks and/or
branches are lower than expected; (4) our concentration in lending
tied to real estate exposes us to the adverse effects of material
increases in interest rates, declines in the general economy,
tightening credit markets or declines in real estate values; (5)
competitive pressure among financial institutions increases
significantly; (6) legislation or regulatory requirements or
changes adversely affect the businesses in which the Company is
engaged; and (7) technological changes could expose us to new
risks.
Contact Information:
Randall S. Eslick, President and Chief Executive Officer
Telephone Direct (916) 677-5800
James A. Sundquist, Executive Vice President and Chief Financial Officer
Telephone Direct (916) 677-5825
Samuel D. Jimenez, Executive Vice President and Chief Operating Officer
Telephone Direct (530) 722-3952
Andrea M. Newburn, Vice President and Senior Administrative Officer / Corporate Secretary
Telephone Direct (530) 722-3959
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