May 21, 1991
Premier Bank said its profit for the first quarter ended March 31 climbed 30% from a year earlier, to $317,722 from $244,308. The Northridge-based bank, which also has offices in Woodland Hills and Thousand Oaks, said the higher earnings partly reflected its control of overhead costs.
April 10, 1990
Premier Bank in Northridge said it plans to put off the expiration date of its stock purchase warrants from June 30, 1990, to June 30, 1991, and increased the exercise price to $3.95 per share. Warrants issued in 1987 now have an exercise price of $3.50 and warrants issued in 1988 have a current exercise price of $3.85.
January 23, 1990
Premier Bank in Northridge said its net income for the fourth quarter ended Dec. 31 rose 25% to $210,837 from $168,812 a year before. The bank's assets as of Dec. 31 increased 20% to $84.6 million from $70.4 million a year earlier. For the full year 1989, Premier's net income increased about fifteen-fold to $843,241 from $56,023 in 1988. Premier has three offices.
October 29, 1991
Premier Bank said its third-quarter profit slipped 5% from a year earlier, to $211,008 from $222,816. Despite the decline, the Northridge-based bank said its earnings for the first nine months of 1991 were up 17%, to $802,382 from $686,888 in the year-earlier period. Premier, which also has branches in Woodland Hills and Thousand Oaks, said its assets as of Sept. 30 totaled $89.8 million, down 8% from $97.7 million a year earlier.
September 2, 1986 |
The No. 3 executive at Northridge-based Premier Bank has quit and been replaced by a former president of Valley State Bank. The executive who resigned, John F. Fischette, was Premier's senior loan officer and a senior vice president. He joined Premier as a branch manager when it was founded in November, 1981, as Northridge Bank.
October 24, 1989
Premier Bank reported a profit of $195,029 for the third period that ended September 30, compared to a loss of $145,220 for the same period a year ago. The Northridge bank said its assets increased 18% to about $76 million as of September 30, compared to about $64 million a year earlier.