REDDING, Calif., Jan. 9 /PRNewswire-FirstCall/ --
Patrick J. Moty, President & CEO of Bank of Commerce Holdings (NASDAQ:BOCH), a $774 million financial services holding company, and parent company of Redding Bank of Commerce(TM), Roseville Bank of Commerce(TM), Sutter Bank of Commerce(TM) and Bank of Commerce Mortgage(TM) today announced the pending closing of Sutter office on April 17, 2009.
In an effort to streamline operations, all deposits and loans held at this facility will be transferred to the Roseville Bank of Commerce, located at 1504 Eureka Road, Suite 100, Roseville, California 95661.
"We believe that 2008 and beyond may be redefining the financial services industry. Consolidating the offices better positions our Company for future growth," said Patrick J. Moty, President and CEO of the Company. "Depositors may continue to access their accounts anytime through debit cards, checks and online banking features."
Bank of Commerce Holdings, with administrative offices in Redding, California is a financial service holding company that owns Redding Bank of Commerce(TM), Roseville Bank of Commerce(TM), Sutter Bank of Commerce(TM) and Bank of Commerce Mortgage(TM).
The Company is a federally insured California banking corporation and opened on October 22, 1982.
BOCH is a NASDAQ National Market listed stock. Please contact your local investment advisor for purchases and sales.
DATASOURCE: Bank of Commerce Holdings
CONTACT: Patrick J. Moty, President & CEO, +1-530-722-3953, or Linda J.
Miles, Chief Financial Officer, +1-530-722-3955, or Samuel D. Jimenez,
Director Risk Management, +1-530-722-3952, all of Bank of Commerce Holdings
Web Site: http://reddingbankofcommerce.com/
http://www.bankofcommerceholdings.com/