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Northern California National Bank Announces Results of Recently Completed Tender Offer by Investors and Reverse Stock Split

Northern California National Bank Announces Results of Recently Completed Tender Offer by Investors and Reverse Stock Split
CHICO, Calif., July 15, 2021 (GLOBE NEWSWIRE) Northern California National Bank (“NorCal” or the “Bank”) announced today the results of the previously announced cash tender offer by investors seeking to acquire all of the outstanding shares of NorCal (the “Investors”), a planned reverse stock split and closing of its stock transfer records during the pendency of the reverse stock split.
The tender offer expired at 5:00, p.m., Pacific Time, on July 9, 2021. As of the expiration of the tender offer, a total of 1,364,390 shares of NorCal common stock, representing approximately 94.1% of the outstanding NorCal shares, were validly tendered into and not validly withdrawn from the tender offer. On July 14, 2021, the tender offer was consummated with the Investors now owning 94.1% of the outstanding shares of all the voting capital stock of Nor ....

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Northern California National Bank Announces 2020 Fiscal Year End Results

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Northern California National Bank Announces 2020 Fiscal Year End Results
Northern California National BankJanuary 21, 2021 GMT
CHICO, Calif., Jan. 21, 2021 (GLOBE NEWSWIRE) Northern California National Bank (OTC markets: NCNB) reported net income of $3,231,000 for the fiscal year ended December 31, 2020 compared to $2,900,000 earned in the fiscal year 2019. This is an 11% increase in net income compared to the fiscal year ended December 31, 2019.
Financial Highlights for the fiscal year end December 31, 2020
Total assets were $310.0 million at December 31, 2020, a 13% increase from the December 31, 2019 balance of $274.9 million.
Gross Loans totaled $145.0 million, up 28% from $113.0 million a year ago. ....

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