The Latest Lowdown: Such optimism could bolster West Coast Bancorp.
The stock price for the bank holding company in Orange has been dragging bottom for the last few weeks, hitting 75 cents a share, another 52-week low.
William J. Mylymok, West Coast's president, said he doesn't know what caused the drop, but he acknowledges that the recent third-quarter loss of $1.1 million didn't help.
The company, whose holdings include Sunwest Bank in Tustin and Heritage Thrift & Loan in Brea, also has felt the strong arm of federal regulators. Its subsidiaries need federal approval to pay dividends, and only Sunwest received it.