Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Pacific Continental Corporation : Pacific Continental Bank and Others Named In Lawsuit

08/23/2013 | 07:54pm US/Eastern
Recommend:
0

EUGENE, Ore., Aug. 23, 2013/PRNewswire/ -- Northwest-based Pacific Continental Corporation (Nasdaq: PCBK), the holding company for Pacific Continental Bank, today announced that Pacific Continental Bank, along with Holcomb Family Limited Partnership, Fred "Jack" W. Holcomb, Holcomb Family Trust, Jones & Roth, P.C. and Umpqua Bank, has been named as a defendant in a lawsuit filed in Oregonon behalf of individuals who placed money with Berjac of Oregonand Berjac of Portland, both currently in Chapter 11 bankruptcy. Per the complaint, damages sought are more than $10 million.

"Although we can't discuss this matter in detail due to its legal nature, be assured we take this matter very seriously. While we intend to vigorously defend against this lawsuit, we remain unwavering in our 40-year plus commitment to our clients, employees, shareholders and community partners," said Pacific Continental CEO, Hal Brown

Forward-Looking Statements Safe Harbor

This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 ("PSLRA"). These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as "anticipates," "targets," "expects," "estimates," "intends," "plans," "goals," "believes" "anticipates" and other similar expressions or future or conditional verbs such as "will," "should," "would" and "could." The forward-looking statements are based on management's current expectations, are not guarantees of future results or performance and involve certain risks, uncertainties and assumptions that are difficult to predict and are often beyond Pacific Continental's control. Actual outcomes and results may differ materially from those expressed in, or implied by, any of these forward-looking statements. You should not place undue reliance on any forward-looking statement. Detailed information about the factors that could cause actual results to differ materially from those described in the forward-looking statements is contained in Pacific Continental's most recent SEC filings and in any of Pacific Continental's subsequent SEC filings. Pacific Continental Corporation undertakes no obligation to publicly revise or update any forward-looking statement to reflect the impact of events or circumstances that arise after the date of this release. This statement is included for the express purpose of invoking PSLRA's safe harbor provisions.

About Pacific Continental Bank

Pacific Continental Bank, the operating subsidiary of Pacific Continental Corporation, delivers highly personalized services through 14 banking offices in Oregonand Washington. The Bank also operates a loan production office in Tacoma, Washington. With $1.4 billionin assets, Pacific Continental has established one of the most unique and attractive metropolitan branch networks in the Northwest with offices in three of the region's largest markets including Seattle, Portlandand Eugene. Pacific Continental targets the banking needs of community-based businesses, health care professionals, professional service providers and nonprofit organizations. Pacific Continental Corporation's shares, a component of the Russell 2000 Index, are listed on the Nasdaq Global Select Market under the symbol "PCBK."

Since its founding in 1972, Pacific Continental Bank has been honored with numerous awards and recognitions from highly regarded third-party organizations including The Seattle Times, the Portland Business Journal and Oregon Business magazine. A complete list of the company's awards and recognitions-as well as supplementary information about Pacific Continental Bank-can be found online at www.therightbank.com.

SOURCE Pacific Continental Corporation

distributed by
Recommend :
0
React to this article
Latest news
Date Title
<1m ago GLORI ENERGY : GLRI) Drops 15.77% on August 27
<1m ago TOKYO ELECTRIC POWER : Fukushima families sue gov't for insufficient anti-radiation steps
<1m ago Argos Resources First-Half Loss Narrows, More Confident On Outlook
<1m ago REDFIN HOUSING MARKET TRACKER : Housing Market Activity After Labor Day Likely to Be the Strongest in 5 Years
<1m ago Embarr Downs Announces That It Has Closed On The Acquisition of W+B Partners and Expects Revenue For the Quarter to Exceed $500,000
<1m ago Skylanders Trap Team™ First-To-Play Tour Pulls up to the Great New York State Fair
<1m ago A.M. Best to Exhibit at 2014 Canadian Risk and Insurance Management Society Conference
<1m ago CORESITE REALTY CORPORATION : Declares Third-Quarter 2014 Dividend on Common and Series A Preferred Stock
1m ago READSOFT : New number of shares in ReadSoft AB
1m ago EMBARR DOWNS : Announces That It Has Closed On The Acquisition of W+B Partners and Expects Revenue For the Quarter to Exceed $500,000
Latest news
Advertisement
Hot News 
ADL PARTNER : 08/28/2014 - ADLPartner: EARNINGS GROWTH FOR THE FIRST HALF OF 2014
BWIN PARTY DIGITAL ENTERTAINMENT : 2014 Half Year Dividend
PAN AFRICAN RESOURCES : Trading Statement & Dividend Guidance
VICTORIA : Positive On Outlook As It Swings Back To Profit
REALDOLMEN : First quarter 2014-2015 trading update
Most Read News
1d ago CARTER : Announces Participation at the Goldman Sachs Global Retailing Conference
1d ago UR ENERGY : Completes Technical Report on Shirley Basin Uranium Project
1d ago VIRGIN AUSTRALIA : annual net loss triples, forgoes guidance
1d ago WELLS FARGO : CEO Shares Company Role in Community and Environment
4h ago Tesco slashes profit forecast and dividend as trading slumps
Most recommended articles
1m agoDJChina Construction Bank 1st-Half Net Profit 130.66 Billion Yuan
6m agoDJEUROPE MARKETS : European Stocks Trim Gains After Inflation Data Meet Views
27m ago MCDONALD : says 12 Russian branches temporarily closed
30m ago Stock futures up, indexes on track for 4th week of gains
36m agoDJEU Fails to Broker Russia, Ukraine Gas Truce
Dynamic quotes  
ON
| OFF