Pacific Crest Capital Inc

Pacific Crest Capital Inc., an Agoura Hills-based thrift holding company, reported net income of $198,000 for the second quarter ended June 30, compared to a $629,000 loss reported during the same period a year ago. Profit for the first six months of the year was $358,000, up from net income of $342,000 for the first two quarters of 1993. The company also reported total interest income of $5.17 million for the second quarter, down 6% from the $5.

Pacific Crest Capital Inc. of Agoura Hills reported net income for the fourth quarter ended Dec. 31 of $1.31 million, up slightly from $1.28 million for the same period in 1999. Loan additions for the quarter totaled $14.7 million, compared with $15.7 million. For the year ended Dec. 31, net income rose to $5.3 million from $5.1 million. Loan additions for the year totaled $80.3 million, compared with $140.7 million. Pacific Crest Capital Inc.

Pacific Crest Capital Inc., Agoura Hills, reported that its subsidiary, Pacific Crest Bank, has filed an application with the California Department of Financial Institutions to convert its state charter from an industrial bank to a commercial bank, in preparation for a future full-service online banking system. Pacific Crest Capital Inc. is a financial holding company offering specialized lending and deposit programs through Pacific Crest Bank.

Pacific Crest Capital Inc., Agoura Hills, reported net income of $1.34 million for the third quarter ended Sept. 30, compared to $1.24 million for the third quarter last year. Pacific Crest is a bank holding company that offers specialized lending and deposit programs through its California state chartered bank, Pacific Crest Bank.

Pacific Crest Capital Inc., Agoura Hills, reported net income of $1.34 million for the third quarter ended Sept. 30, compared to $1.24 million for the third quarter last year. Pacific Crest is a bank holding company that offers specialized lending and deposit programs through its California state chartered bank, Pacific Crest Bank.

Pacific Crest Capital Inc. of Agoura Hills reported net income for the fourth quarter ended Dec. 31 of $1.31 million, up slightly from $1.28 million for the same period in 1999. Loan additions for the quarter totaled $14.7 million, compared with $15.7 million. For the year ended Dec. 31, net income rose to $5.3 million from $5.1 million. Loan additions for the year totaled $80.3 million, compared with $140.7 million. Pacific Crest Capital Inc.

Pacific Crest Capital Inc., an Agoura Hills financial services company, said its board of directors approved a stock repurchase program. The board approved the initial purchase of 30,000 Pacific Crest shares on the open market. Some of the shares may be held by the company for use in a newly approved stock-purchase plan for the directors. That plan, approved by the company's shareholders, provides for Pacific Crest directors to receive some or all of their fees in stock instead of cash.

What do you do if you're a successful financial services firm with a growing commercial lending business, $650 million under management, and making lots of money investing in troubled companies--but you also own a sick thrift you can't sell? If you're the Foothill Group, you spin off the thrift to your shareholders.

The Foothill Group, a financial services firm with headquarters in Agoura Hills and Los Angeles, said it expects Thursday to spin off its troubled thrift subsidiary to Foothill's shareholders. The spinoff is to be completed upon the sale of $14 million of preferred stock in a new thrift-holding company called Pacific Crest Capital Inc., which will be a separate, public company.

Pacific Crest Capital Inc., Agoura Hills, reported that its subsidiary, Pacific Crest Bank, has filed an application with the California Department of Financial Institutions to convert its state charter from an industrial bank to a commercial bank, in preparation for a future full-service online banking system. Pacific Crest Capital Inc. is a financial holding company offering specialized lending and deposit programs through Pacific Crest Bank.

Pacific Crest Capital Inc., reported a net income of $1.2 million for the second quarter ended June 30, down from a net income of $1.3 million for the second quarter in 1998. New loan volume for the secondquarter was $36.0 million, up 129% over the like period in 1998. Pacific Crest Capital is a financial institution holding company that offers lending and deposit programs through its FDIC-insured California state chartered industrial bank.

Pacific Crest Capital Inc., an Agoura Hills financial services company, said its board of directors approved a stock repurchase program. The board approved the initial purchase of 30,000 Pacific Crest shares on the open market. Some of the shares may be held by the company for use in a newly approved stock-purchase plan for the directors. That plan, approved by the company's shareholders, provides for Pacific Crest directors to receive some or all of their fees in stock instead of cash.

What do you do if you're a successful financial services firm with a growing commercial lending business, $650 million under management, and making lots of money investing in troubled companies--but you also own a sick thrift you can't sell? If you're the Foothill Group, you spin off the thrift to your shareholders.