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 GLAXOSMITHKLINE : China fines GSK $489m, jails executives
<1m ago MICROSOFT : CEO set to visit China next week
1m ago U.S. Treasury's Lew calls for euro zone, Japan to do more on growth
1m ago DOW CHEMICAL : USDA Approval of New GMO Corn and Soy is a Step in the Wrong Direction
4m ago IGM FINANCIAL : Plan for fairer exchange gaining steam: CEO
4m ago WASION : Announcements and Notices - Clarification Announcement
4m ago MAGNA : Press Release - Magna Announces Cooperation Regarding Regulatory Investigation
4m ago JUST EAT : Brazilian business, RestauranteWeb, to merge with iFood, to create the online restaurant delivery winner in Brazil
4m ago NOVO NORDISK A/S : New Xultophy® (IDegLira) data show rapid and predictable glycaemic improvements in people with type 2 diabetes
4m ago OPEC ORGANIZATION OF PETROLEUM EXPORTING COU : daily basket price stood at $95.19 a barrel Thursday, 18 September 2014
Latest news
Advertisement
Hot News 
BANCO ESPIRITO SANTO : Swiss begin bankruptcy proceedings against Espirito Santo private bank
BAYER : plans huge float of its plastics business
RM2 : Posts First Revenue But Loss Widens
SYNGENTA : The Good Growth Plan on track one year after launch
VALNEVA : Welcomes the Texas A&M Inauguration of EB66®-Based Influenza Vaccine Facility in Texas, On Track for 2016 Start-up Phase
Most Read News
1d ago INTEL : Tapping the growing tablet market
1d ago HOME DEPOT : breach bigger than Target at 56 million cards
1d ago ORACLE : Ellison steps aside, co-CEOs Catz and Hurd take over
1d ago JETBLUE AIRWAYS : names former British Airways exec CEO, shares rise
1h ago Relief for Europe as Scotland stays put
Most recommended articles
1m ago U.S. Treasury's Lew calls for euro zone, Japan to do more on growth
4m agoDJASIA MARKETS : Nikkei Closes At Almost Seven-year High After Scotland Vote
6m ago BANCO ESPIRITO SANTO : Swiss begin bankruptcy proceedings against Espirito Santo private bank
12m agoDJASIA MARKETS : Nikkei Closes At Almost Seven-year High After Scotland Vote
13m ago UK markets welcome Scotland's rejection of independence
Dynamic quotes  
ON
| OFF