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 CEST

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
02:16p Kaminario Gains Significant Channel Momentum as Demand for its Innovative Storage Solution Accelerates
02:16p Wingstop Creates Chief Experience Officer Role to Further Deliver World-Class Guest Experience
02:16p Morgridge scientists illuminate structures vital to virus replication
02:16p Teva and Xenon Announce Phase II Study of Topical TV-45070 in Patients with Post-Herpetic Neuralgia (PHN) Did Not Meet Primary Endpoint
02:16p TEVA PHARMACEUTICAL INDUSTRIES : and Xenon Announce Phase II Study of Topical TV-45070 in Patients with Post-Herpetic Neuralgia (PHN) Did Not Meet Primary Endpoint
02:16p AMAYA INC : Canadian Consumer Cyclical Stocks Under Review: Amaya, Great Canadian Gaming, Spin Master, and Gamehost
02:16p Mantra Venture Group Receives Over $1.2 Million in New Contracts
02:16p Artificial Intelligence and Machine Learning Company MachineVantage Launches with Financing from Unilever Ventures and IRI
02:16p CBRE : Smart Building Solutions Garners Realcomm Digie Award
02:16p JUST ENERGY GROUP INC : Daily Coverage on Utilities Stocks: Just Energy Group, Valener, Crius Energy Trust, and Changfeng Energy
Latest news
Advertisement
Hot News 
-3.24%STADA ARZNEIMITTEL : Bain and Cinven takeover of Germany's Stada falls apart
-2.93%Schaeffler slashes profit guidance on steel costs, electric shift
-1.41%CROWN RESORTS : Casino Executive Sentenced -- WSJ
-3.37%DEBENHAMS : cautions UK trading more volatile as sales slide
1.35%TESCO : Investec Bank plc Form 8.5 (EPT/RI) - Tesco Plc
Most Read News
02:48aDJWARREN BUFFETT : Buffett Backs Store REIT -- WSJ
05:24a Oil up on weaker dollar, supply glut caps gain
07:01a Global stocks, dollar ease as central bank officials take centre stage
12:41a CARLOS GHOSN : Nissan says CEO Ghosn's salary rose 2.5 percent last year
02:48aDJDANIEL LOEB : Nestlé and L'Oréal Have Long History, Too Long for Loeb -- WSJ
Most recommended articles
08:13aDJSAMSUNG ELECTRONICS : Revives Galaxy Note 7 With New 'Fandom Edition'
08:09a British grocers' sales growth at five-year high on rising food prices
08:09a In Amazon's shadow, hedge funds take aim at Brexit-hit retailers
08:08a Plunge in UK confidence hits Debenhams, adds to slowdown fears
07:45aDJKOHL : Poaches CFO From Supervalu