BSCA Bank of Santa Clarita

Bank of Santa Clarita Announces Record Date for Three-for-Two Stock Split

Bank of Santa Clarita (OTC Pink: BSCA), announced today that the California Department of Business Oversight has approved the amendment to the Bank’s Articles of Incorporation to effect a three-for-two stock split of the Bank’s Common Stock. The record date for the split is expected to be December 20, 2019; accordingly, one additional share of the Bank’s Common Stock will be issued to each shareholder for each two shares of such Common Stock held of record at the close of business on December 20, 2019. It is anticipated that the payment date for the additional shares will be approximately December 30, 2019.

EN
10/12/2019

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Reports on Bank of Santa Clarita

 PRESS RELEASE

Bank of Santa Clarita Reports Fourth Quarter and Full Year 2020 Result...

SANTA CLARITA, Calif.--(BUSINESS WIRE)-- Bank of Santa Clarita (OTC: BSCA) today reported financial results for the fourth quarter and year ended December 31, 2020. Net income for the three months ended December 31, 2020 was $881,000 compared with $658,000 for the same quarter in 2019. Net income for year ended December 31, 2020 was $3,235,000 compared with $3,217,000 reported for 2019. The Bank’s total assets grew by $68.6 million to $373.0 million at December 31, 2020, spearheaded by $51.4 million in loan growth. Frank Di Tomaso, Chairman and Chief Executive Officer, commented: “As we cont...

 PRESS RELEASE

Bank of Santa Clarita Reports Third Quarter Results

SANTA CLARITA, Calif.--(BUSINESS WIRE)-- Bank of Santa Clarita (OTC: BSCA) today reported financial results for the third quarter and six-months ended September 30, 2020. Net income for the three months ended September 30, 2020 was $863,000 compared with $913,000 for the same quarter in 2019. Net income for the first three quarters of 2020 was $2,354,000 compared with $2,559,000 for the nine months ended September 30, 2019. Frank Di Tomaso, Chairman and Chief Executive Officer commented: “While the low interest rate environment continues to put pressure on banks and their margins, Bank of Sa...

 PRESS RELEASE

Bank of Santa Clarita’s Reports Second Quarter Results

SANTA CLARITA, Calif.--(BUSINESS WIRE)-- Bank of Santa Clarita (OTC: BSCA) today reported financial results for the second quarter and six-months ended June 30, 2020. Net income for the three months ended June 30, 2020 was $805,000 compared with $888,000 for the same quarter in 2019. Net income for the first half of 2020 was $1,490,000 compared with $1,646,000 for the six months ended June 30, 2019. Frank Di Tomaso, Chairman and Chief Executive Officer commented: “Despite the compression on margins experienced by most banks caused by historically low interest rates, the Bank continues to p...

 PRESS RELEASE

Bank of Santa Clarita’s Earnings Growth Continues

SANTA CLARITA, Calif.--(BUSINESS WIRE)-- Bank of Santa Clarita (BSCA) announced earnings for the quarter ended March 31, 2020. Bank of Santa Clarita reported net income of $685,000 for the quarter ended March 31, 2020, compared with $658,000 for the fourth quarter ended December 31, 2019 and $758,000 for the quarter ended March 31, 2019. In reviewing operating results for the first quarter of 2020, the Bank reported $2.2 million of interest income before provision for credit losses consistent with the prior quarter and $2.3 million for the same period last year. The Bank’s provision for cr...

 PRESS RELEASE

Bank of Santa Clarita Reports Another Banner Year

SANTA CLARITA, Calif.--(BUSINESS WIRE)-- Bank of Santa Clarita (BSCA) today announced that for the fourth quarter and full year of 2019, Bank earnings continue at sound levels, as net earnings for the quarter totaled $658,000, moreover, net after-tax earnings for 2019 totaled $3,217,000, reflecting a slight 1% increase over the net earnings recorded in 2018. In reviewing operating results for 2019, the Bank reported $9,251,000 of net interest income, representing a slight 2.4% decrease from 2018. Considering the continued drop in prime interest rates over the last year this slight decrease w...

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