Inactive Instrument

BANK OF COMM

Equities

BOCH

US06424J1034

Bank of Commerce Holdings and Redding Bank of Commerce Appoint David J. Inderkum as Director

February 01, 2019 at 06:00 am EST

Bank of Commerce Holdings (BOCH), the holding company for Redding Bank of Commerce (RBC), announced acquisition of Merchants Holding Company. The former branches of Merchants Bank are now operating as branches of RBC and increase RBC’s footprint in the vibrant Sacramento market. In connection with the acquisition, Mr. David J. Inderkum, a director of both Merchants Bank (since 2003) and Merchants (since 2008), has been elected to the boards of directors of both BOCH and RBC. Mr. Inderkum is the owner of Sacramento-based Coast Line Supply and Equipment Company, a provider of winery and beverage supplies and equipment, he is the President/Chairman of the Board of Sportsmen’s Legacy Foundation, and he is an active member of The Sutter Club.

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Company Profile

Bank of Commerce Holdings (Holding Company) is a bank holding company. The Company's principal business is to serve as a holding company for Redding Bank of Commerce (Bank), which operates under two separate names (Redding Bank of Commerce and Sacramento Bank of Commerce). The Bank operates over four full service facilities in two diverse markets in Northern California. The Bank provides a range of financial services and products for business and retail customers. Its principal products include various types of accounts, such as checking, interest-bearing checking, savings, certificate of deposit and money market deposit. It also offers sweep arrangements, commercial loans, construction loans, term loans, safe deposit boxes and electronic banking services. The primary focus of the Bank is to provide banking and related services to small and mid-sized businesses and not-for-profit organizations, as well as banking services for consumers, primarily business owners and their employees.

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