reports
California United Bank CFO Appointed to LAUP Board of Directors
LOS ANGELES--(BUSINESS WIRE)-- California United Bank (“CUB” or “the Company”), a subsidiary of CU Bancorp (NASDAQ: CUNB), today announced that Karen Schoenbaum, Executive Vice President and Chief Financial Officer of California United Bank and CU Bancorp, has been appointed to the Board of Directors of LAUP. She will also serve as Chair of the organization’s Finance Committee. “We congratulate Karen on her appointment to the LAUP Board of Directors,” said David Rainer, Chairman and CEO of California United Bank and CU Bancor...
CU Bancorp Reports Record Earnings of $9.3 Million and Record Revenues...
LOS ANGELES--(BUSINESS WIRE)-- CU Bancorp (NASDAQ: CUNB), the parent company of wholly owned California United Bank, today reported financial results for the second quarter of 2017. Second Quarter 2017 Highlights Net income available to common shareholders increased to $9.0 million, up $1.5 million or 20% from the prior quarter Diluted earnings per share of $0.51, up 21% from the prior quarter Total revenue increased 10% from the prior quarter Re...
INVESTOR ALERT: Levi & Korsinsky, LLP Remind Investors of an Investiga...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased CU Bancorp (NASDAQ: CUNB) stock prior to April 6, 2017. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of CU Bancorp to PacWest Bancorp (NASDAQ: PACW). Under the terms of the transaction, CU Bancorp shareholders will receive 0.5308 shares of PacWest common stock and $12.00 in cash for each share of CU Bancorp, re...
CU Bancorp Reports Record First Quarter Earnings of $7.8 Million
LOS ANGELES--(BUSINESS WIRE)-- CU Bancorp (NASDAQ: CUNB), the parent company of wholly owned California United Bank, today reported financial results for the first quarter of 2017. First Quarter 2017 Highlights Net income available to common shareholders increased to $7.5 million, compared to $6.3 million in the first quarter of 2016 Total revenue increased 10.4% from the first quarter of 2016 Non-performing assets to total assets ratio remains very low at 0.02%; no p...
CU BANCORP SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe Inves...
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of CU Bancorp (NasdaqCM: CUNB) concerning the sale to PacWest Bancorp (NasdaqGS: PACW). Under the terms of the agreement, CU Bancorp shareholders will only receive 0.5308 shares of PacWest common stock and $12.00 in cash for each share owned. The consideration is valued at $39.45 per share, which is virtually no premium over the 52-week high and lower than at least o...
INVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation Conce...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased CU Bancorp (NASDAQ:CUNB) stock prior to April 6, 2017. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of CU Bancorp to PacWest Bancorp (NASDAQ: PACW). Under the terms of the transaction, CU Bancorp shareholders will receive 0.5308 shares of PacWest common stock and $12.00 in cash for each share of CU Bancorp, rep...
Shareholder Alert: Ademi & O’Reilly, LLP Investigates whether CU Ban...
MILWAUKEE--(BUSINESS WIRE)-- Ademi & O’Reilly, LLP is investigating the Board of Directors of CUNB (Nasdaq: CUNB) for possible breaches of fiduciary duty and other violations of California law in connection with the sale of CUNB to PacWest. Click here to learn how to join the action: http://ademilaw.com/case/cunb or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. Ademi & O’Reilly, LLP alleges CUNB’s long-term financial outlook is improving and yet CUNB shareholders will receiv...
CU Bancorp Receives 2016 Raymond James Community Bankers Cup
LOS ANGELES--(BUSINESS WIRE)-- CU Bancorp (NASDAQ: CUNB), the parent company of wholly owned California United Bank, today announced that it has been recognized as a recipient of the 2016 Raymond James Community Bankers Cup. This is the second consecutive year CU Bancorp has been honored with this award. Raymond James, a financial services investment company, annually presents the award to the top 10% of community banks based on various profitability, operational efficiency, and balance sheet metrics. The pool of community ba...
CU Bancorp Reports Record Fourth Quarter and Record Annual Net Income ...
LOS ANGELES--(BUSINESS WIRE)-- CU Bancorp (NASDAQ: CUNB), the parent company of wholly owned California United Bank, today reported financial results for the fourth quarter and full year of 2016. Full Year and Fourth Quarter 2016 Highlights Net income in 2016 was $27.5 million, up 29% from the prior year Net income for fourth quarter 2016 was $7.2 million, up 30% from the year-ago quarter Return on average tangible common equity of 11.07%, up from 9.86% in the prior y...
Ford Equity US Rating and Forecast Report
Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.
California United Bank’s 9th Annual Golf Tournament Raises $200,000 ...
LOS ANGELES--(BUSINESS WIRE)-- California United Bank (“CUB” or “the Company”), a subsidiary of CU Bancorp (NASDAQ: CUNB), today announced that the California United Bank 9th Annual Golf Tournament, held September 26, 2016, at the Sherwood Country Club, netted more than $200,000 to be distributed to four local charities. "I’m very pleased to announce that CUB’s 2016 tournament was our fourth consecutive tournament to raise more than $200 thousand," said David Rainer, Chairman and CEO of California United Bank. “I’m proud to r...
CU Bancorp Reports Third Quarter Earnings of $6.3 Million
LOS ANGELES--(BUSINESS WIRE)-- CU Bancorp (NASDAQ: CUNB), the parent company of wholly owned California United Bank, today reported financial results for the third quarter of 2016. Third Quarter 2016 Highlights Net income available to common shareholders increased to $6.3 million, compared to $6.0 million in the third quarter of 2015 Total revenue increased 11% from the third quarter of 2015 Non-performing assets to total assets ratio remains very low at 0.04%; no pas...
Fortune Names CU Bancorp to List of 100 Fastest Growing Companies
LOS ANGELES--(BUSINESS WIRE)-- CU Bancorp (Nasdaq: CUNB), the parent company of wholly owned California United Bank, today announced that it has been named to Fortune’s annual Top 100 Fastest-Growing Companies list. “We are honored to be recognized by Fortune as one of the world’s fastest-growing companies and one of its best-performing commercial banks,” said David Rainer, Chairman and CEO of CU Bancorp and California United Bank. “Since our inception 11 years ago, we have focused on delivering outstanding customer service t...
California United Bank Receives “Outstanding†CRA Rating
LOS ANGELES--(BUSINESS WIRE)-- California United Bank (“CUB” or “the Company”), a subsidiary of CU Bancorp (NASDAQ:CUNB), today announced that it received an “Outstanding” rating – the highest rating possible – from the Federal Deposit Insurance Corporation (FDIC) for its performance under the under the Community Reinvestment Act (CRA). Corrine McLaurin, CUB’s First Vice President / Community Reinvestment and CRA Officer noted that, “In the Public Disclosure and Performance Evaluation, the FDIC cited CUB as being ‘a leader in...
California United Bank Hires Arthur Bergmann as Senior Vice President
LOS ANGELES--(BUSINESS WIRE)-- California United Bank (“CUB” or “the Company”), a subsidiary of CU Bancorp (NASDAQ: CUNB), today announced that Arthur Bergmann has joined the Company as a Senior Vice President for the Orange County Commercial Lending Office in Irvine, Calif. “Arthur is a seasoned lender with more than 15 years of relationship-based banking experience in commercial lending, credit underwriting and management,” said K. Brian Horton, President of California United Bank and CU Bancorp. “He is a proven producer an...
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