December 20, 2014 7:14 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.

Commerce National Bank Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2013

Commerce National Bank reported unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net interest income of USD 2.171 million compared to USD 2.430 million a year ago. Net income before income taxes was USD 0.387 million compared to USD 0.423 million a year ago. Net income was USD 0.225 million compared to USD 0.237 million a year ago. Basic and diluted earnings per share was USD 0.08 compared to USD 0.09 a year ago.

Commerce National Bank Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012

Commerce National Bank reported unaudited earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported net interest income of USD 2.300 million compared to USD 2.488 million a year ago. Income before income taxes was USD 1.082 million compared to USD 0.404 million a year ago. Net income was USD 0.641 million compared to USD 0.217 million a year ago. Basic and diluted earnings per share was USD 0.24 compared to USD 0.08 a year ago. For the year, the company reported net interest income of USD 9.599 million compared to USD 9.570 million a year ago. Income before income taxes was USD 3.050 million compared to USD 1.201 million a year ago. Net income was USD 1.771 million compared to USD 0.676 million a year ago. Diluted earnings per share was USD 0.66 compared to USD 0.25 a year ago.

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