September 20, 2014 10:45 PM ET

Banks

Company Overview of Torrey Pines Bank, Inc.

Company Overview

As of December 31, 2013, Torrey Pines Bank, Inc. was acquired by Western Alliance Bank. Torrey Pines Bank, Inc., a commercial bank, provides commercial and financial services to small and middle market businesses, and personal banking services to proprietors, employees, executives, and consumers in California. The company’s business banking services include business checking and savings accounts, money market accounts, certificates of deposit, credit cards, ATM/debit cards, commercial real-estate and construction loans, SBA 504 loans, term loans, revolving lines of credit, letters of credit, Visa credit cards, online banking, cash management, account analysis, account reconcilement, automate...

12220 El Camino Real

Suite 100

San Diego, CA 92130

United States

Founded in 2003

Phone:

858-523-4600

Fax:

858-755-0875

Key Executives for Torrey Pines Bank, Inc.

Torrey Pines Bank, Inc. does not have any Key Executives recorded.

Torrey Pines Bank, Inc. Key Developments

Torrey Pines Bank Names Fred Voss as a Regional President in the Bay Area

Torrey Pines Bank has named Fred Voss as a regional president in the Bay Area. Voss will be responsible for growing the bank's market share in the Bay Area.

Torrey Pines Bank, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2013

Torrey Pines Bank, Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company net interest income of $20,603,000 compared with $21,374,000 for the same period last year. Income from continuing operations before income taxes was $8,511,000 compared with $8,632,000 for the same period last year. Income from continuing operations was $5,842,000 compared with $5,292,000 for the same period last year. Net income was $5,842,000 compared with $5,292,000 for the same period last year. For six months, the company reported net interest income of $41,380,000 compared with $42,610,000 for the same period last year. Income from continuing operations before income taxes was $17,825,000 compared with $18,377,000 for the same period last year. Income from continuing operations was $12,157,000 compared with $11,080,000 for the same period last year. Net income was $12,157,000 compared with $11,080,000 for the same period last year.

Torrey Pines Bank, Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2013

Torrey Pines Bank, Inc. reported unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net interest income was $21.2 million compared to $70.1 million in the first quarter of 2012. Income from continuing operations before income tax was $9.3 million compared to $9.7 million reported a year ago. Income from continuing operations was $6.3 million compared to $5.8 million reported a year ago. Net income was $6.3 million compared to $5.8 million reported a year ago.

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