Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/24/2013 | 01:54am CET

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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
01:56p CLOVIS ONCOLOGY : Biotech Stocks under Scanner -- ACADIA Pharma, Clovis Oncology, Galena Biopharma, and Northwest Biotherapeutics
01:55p MANCHESTER UNITED : Foot – Coupe d'Angleterre – Un choc Chelsea-Manchester United en quart
01:55p EIDESVIK OFFSHORE : Appointed new cfo
01:55p LUMBER LIQUIDATORS : Announces Fourth Quarter and Full Year 2016 Financial Results
01:54p WAL MART STORES : Mart's quarterly comparable sales beat estimates
01:54p MLP : Matthias Laier appointed as divisional board member for the university segment
01:53p XCERRA CORPORATION (NASDAQ : XCRA) Files An 8-K Results of Operations and Financial Condition
01:53p TIFFANY & CO. (NYSE : TIF) Files An 8-K Entry into a Material Definitive Agreement
01:53p TALLGRASS ENERGY GP, LP (NYSE : TEGP) Files An 8-K Regulation FD Disclosure
01:52p JUBILEE LIFE INSURANCE : declares 115 pc final cash dividend
Latest news
Advertisement
Hot News 
-8.13%JOHN WOOD : posts 62 percent fall in FY profit, shares fall
-7.20%HSBC : Plans Further Buyback After 4th-Quarter Net Loss Widens to $4.23 Billion
2.10%Rosneft becomes first oil major to pre-finance Kurdish crude
1.40%TOTAL : Iran will finalise contract with Total within two months - minister
0.89%BAYER : Investors Upbeat on Takeover -- WSJ
Most Read News
06:29a Writedowns and tough outlook take their toll on HSBC
02/20 HSBC : Annual Results 2016 media release (30-page PDF 307KB)
04:12a BHP Billiton boosts payout on commodities surge
06:13a GENERAL MOTORS : PSA says will honour existing Opel labour agreements
02:17a TOP NEWS : Anglo American Beats Expectations, Commits To Dividend
Most recommended articles
07:54a WAL MART STORES : Mart's quarterly comparable sales beat estimates
07:48a MEDTRONIC : quarterly revenue, profit beat estimates
07:46a VERIZON COMMUNICATIONS : Yahoo agree to cut deal price by as much as $350 million - WSJ
07:45a ROYAL BANK OF SCOTLAND : Britain risks EU clash over RBS bailout terms
07:32aDJBAIDU : Raises $1.53 Billion for Video-Streaming Site iQiyi.com -- Update