Group 1 - West Coast Community Bancorp will change its ticker symbol to WCCB on the OTCQX effective May 8, 2025, replacing the current symbol SCZC [1][3] - The ticker symbol change is part of the brand transition to West Coast Community Bank, which reflects the bank's commitment to serving various counties and future expansion opportunities [2] - Current shareholders do not need to take any action regarding the ticker symbol change, and the common stock will continue to be listed on the OTCQX with an unchanged CUSIP number [3] Group 2 - West Coast Community Bank, founded in 2004, is a wholly owned subsidiary of West Coast Community Bancorp and operates as a full-service community bank in Santa Cruz, California [4] - The bank distinguishes itself from larger banks through relationship-based service and direct access to decision-makers, and it is a leading SBA lender in Santa Cruz County and Silicon Valley [4] - West Coast Community Bank offers a range of competitive deposit and lending solutions, including business loans, commercial real estate financing, and various government-guaranteed loans, while actively supporting local nonprofit organizations [4]

Core Insights - Eagle Bancorp, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices [1] - In Q1 2025, Eagle reported a significant decline in net income to $1.7 million, down from $15.3 million in the previous quarter, primarily due to increased provision expenses and decreased net interest income [2] - Following the financial results announcement, Eagle's stock price dropped by 11.37%, closing at $18.78 per share [2] Financial Performance - Q1 2025 net income: $1.7 million ($0.06 per diluted share) compared to $15.3 million ($0.50 per diluted share) in Q4 2024 [2] - The decrease in net income was attributed to a $14.1 million increase in provision expense, a $5.1 million decline in net interest income, and a $0.9 million rise in noninterest expenses [2] - Valuation risk in the office portfolio was highlighted as a primary concern driving the provision for credit losses [2] Legal Investigation - Bragar Eagel & Squire, P.C. is investigating claims on behalf of Eagle stockholders regarding potential legal violations [1] - The law firm encourages affected stockholders to reach out for more information or to participate in the investigation [3]

Core Viewpoint - A lawsuit has been filed against The Bancorp, Inc. and its senior executives for potential violations of federal securities laws, specifically related to misrepresentation of risks associated with its loan portfolio [1][2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Delaware, captioned Linden v. The Bancorp, Inc., et al., No. 25-cv-00326, with investors having until May 16, 2025, to seek lead plaintiff status [2]. - The complaint alleges violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, representing investors who purchased Bancorp stock [2]. Group 2: Company Overview - Bancorp is a financial holding company involved in institutional banking, commercial real estate bridge lending, small business lending, and commercial fleet leasing, with its REBLs primarily collateralized by apartment buildings [3]. Group 3: Allegations of Misrepresentation - The complaint claims that Bancorp misrepresented the risks of default or loss on its REBL loan portfolio and that its credit loss methodology was inadequate [4]. - It is alleged that Bancorp's internal controls over financial reporting contained at least one material weakness [4]. Group 4: Stock Performance and Impact - Following a report from Culper Research on March 21, 2024, which highlighted misrepresentations regarding the REBL loan portfolio, Bancorp's stock price fell over 10%, from $36.04 to $32.12 [5]. - On October 24, 2024, Bancorp reported a net income of $51.5 million, leading to a 14% decline in stock price from $54.96 to $47.01 due to increased credit losses [6]. - On March 4, 2025, Bancorp disclosed inappropriate filing of its Annual Report, causing a 4.4% drop in stock price from $53.59 to $51.25 [7].

Core Points - West Coast Community Bancorp has announced a new share repurchase program, allowing for the repurchase of up to $10 million of common stock [1][2] - The program is set to expire on June 30, 2026, and the timing and price of repurchases will depend on various factors including market conditions and regulatory requirements [2][3] - The Chairman of the Board expressed confidence in the company's balance sheet and long-term value, emphasizing the strategic use of capital to enhance shareholder value [3] Company Overview - West Coast Community Bank, founded in 2004, is a full-service community bank headquartered in Santa Cruz, California, with multiple branches across the region [4] - The bank distinguishes itself from larger banks through relationship-based service and is a leading SBA lender in Santa Cruz County and Silicon Valley [4] - The bank offers a range of competitive deposit and lending solutions, including business loans, credit lines, and various government-guaranteed loans [4]

NEW YORK, May 6, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Amerant Bancorp Inc. ("Amerant" or the "Company") (NYSE: AMTB). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Amerant and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action]On April 23, 2025, Amerant ...

RADNOR, Pa., May 05, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the District of Delaware against The Bancorp, Inc. (“Bancorp”) (NASDAQ: TBBK) on behalf of those who purchased or otherwise acquired Bancorp securities between January 25, 2024, and March 4, 2025, inclusive (the “Class Period”). The lead plaintiff deadline is May 16, 2025. CONTACT KESSLE ...

NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Amerant Bancorp Inc. (“Amerant” or the “Company”) (NYSE: AMTB). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Amerant and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On April 23, 20 ...

Company Overview - Brookline Bancorp (NASDAQ: BRKL) is a banking sector company founded in 1871 and based in Boston, Massachusetts [1] - The company has a high dividend yield of 5.17% [1] Stock Performance - The share price of Brookline Bancorp has remained unchanged [1]

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, May 01, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises The Bancorp, Inc. ("Bancorp" or the "Company") (NASDAQ: TBBK) investors of a class action representing investors that bought securities between January 25, 2024 and March 4, 2025, inclusive (the "Class Period"). Bancorp investors have until May 16, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portn ...

Core Points - Quaint Oak Bancorp reported a net loss of $83,000 for Q1 2025, a significant decline from a net income of $873,000 in Q1 2024, reflecting a decrease of 109.5% [1][3] - The decrease in net income was primarily driven by a $2.2 million (18.1%) drop in interest and dividend income, alongside a $419,000 (8.2%) increase in non-interest expenses [3][4][9] - The company's Total Risk-Based Capital Ratio improved to 13.92% as of March 31, 2025, compared to 13.61% a year earlier, indicating a stronger capital position [2] Financial Performance - Interest and dividend income decreased by $2.2 million, primarily due to a reduction in the average balance of loans receivable, which fell by $69.8 million from $658.4 million in Q1 2024 to $588.7 million in Q1 2025 [4] - Interest expense decreased by $930,000 (13.9%), largely due to a $1.3 million (21.0%) reduction in interest on deposits [5][6] - Non-interest income increased by $178,000 (11.3%), driven by a significant rise in gains from the sale of SBA loans [8] Asset Quality and Loan Portfolio - Non-performing loans totaled $5.9 million, or 1.13% of total loans receivable, showing an increase from $5.7 million (1.07%) at the end of Q4 2024 [19] - The Texas Ratio improved to 9.22% from 11.96% a year earlier, indicating better asset quality [2][29] - The provision for credit losses decreased by $695,000 (61.2%) compared to Q1 2024, reflecting a decrease in loans receivable [7] Balance Sheet Highlights - Total assets decreased by $34.8 million (5.1%) to $650.4 million as of March 31, 2025, primarily due to declines in cash and cash equivalents and loans held for sale [11] - Total deposits fell by $45.7 million (8.3%) to $507.6 million, mainly due to a $47.8 million decrease in interest-bearing checking accounts [13][14] - Federal Home Loan Bank borrowings increased by $17.1 million (35.8%) to $65.0 million, reflecting the company's funding strategy [15] Capital Structure - Senior debt increased to $9.5 million from none at the end of Q4 2024, following the issuance of Fixed Rate Unsecured Senior Notes [16] - Subordinated debt decreased by $14.0 million (63.6%) to $8.0 million as the company repaid a portion of its outstanding subordinated notes [17] - Total stockholders' equity decreased by $353,000 (0.7%) to $52.3 million, impacted by dividends paid and the net loss for the period [18]