| Business Summary | | American
Pacific
Bank
(the
Bank)
was
founded
in
1979
in
Aumsville,
Oregon,
as
Santiam
Valley
Bank.
The
Bank
was
purchased
by
private
investors
in
1986,
and
the
name
was
changed
to
American
Pacific
Bank.
The
Bank
was
originally
formed
to
provide
banking
services
to
the
rural
communities
of
Aumsville
and
Mill
City,
Oregon.
Since
its
inception,
the
scope
of
the
Bank
has
increased
not
only
to
satisfy
the
needs
of
the
people
where
it
originated,
but
also
to
provide
real
estate,
commercial
and
personal
lending,
as
well
as
credit
card
services
throughout
Oregon
and
Southwest
Washington. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | American
Pacific
Bank
is
a
state-chartered
bank
authorized
to
provide
banking
services
by
the
State
of
Oregon.
For
the
nine
months
ended
9/00,
total
interest
income
rose
28%
to
$4.6
million.
Net
interest
income
after
loan
loss
provision
increased
14%
to
$2.2
million.
Net
income
increased
21%
to
$362
thousand.
Net
interest
income
reflects
an
increase
in
total
loans,
partially
offset
by
a
higher
loss
provision.
Earnings
benefitted
from
a
significant
increase
in
other
income. Recent Earnings Announcement For
the
3
months
ended
12/31/2000,
revenues
were
1,904;
after
tax
earnings
were
89. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | |
| Position | Chan Chan | Chairman | David Chen | Pres,
CEO, Director | Richard Cheong | CFO,
Sr. VP, Sec. | Harlan Barcus | Sr.
VP and CCO | Donovan Wabs | Sr.
VP, Director of Real Estate Lending |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|