PBB Bancorp Announces Shareholder Approval of Acquisition of First Mountain Bank
Dec 22, 2015
OTC Disclosure News Service
PBB Bancorp (OTCQX: PBCA), the holding company and 100% shareholder of
Premier Business Bank, announced today that on December 22, 2015, the
shareholders of PBB Bancorp approved the merger of First Mountain Bank,
with and into Premier Business Bank, and that on December 21, 2015, the
shareholders of First Mountain Bank also approved the merger.
All of the required regulatory approvals have now been received and the
merger is expected to close in January 2016, pending satisfaction of
customary closing conditions.
About Premier Business Bank
Premier Business Bank operates two banking offices in Los Angeles and
Palos Verdes, California and is wholly owned by PBB Bancorp. PBB Bancorp
currently trades on OTCQX under the symbol “PBCA.” More information on
Premier Business Bank is available at www.ibankpremier.com.
Forward Looking Statements
The statements contained in this release that are not historical facts
are “forward-looking statements” based on management’s current
expectations and beliefs concerning future developments. These
forward-looking statements involve inherent risks and uncertainties.
Specific relevant risks include whether other closing conditions are met
and whether the transaction with First Mountain Bank will be completed.
PBB Bancorp cautions readers not to place undue reliance on any such
forward-looking statements, which speak only as of the date made. PBB
Bancorp undertakes no obligation to publicly release the result of any
revisions that may be made to any forward-looking statements to reflect
events or circumstances after the date of such statements or to reflect
the occurrence of anticipated or unanticipated events.
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