REDDING, Calif., May 18 /PRNewswire-FirstCall/ -- Bank of Commerce Holdings , a $578.1 million asset financial holding company, and parent company of Redding Bank of Commerce(TM), today announced that the Bank has been approved by the FDIC and Department of Financial Institutions to open a new Express Banking Facility at 3455 Placer Street (Corner of Placer and Buenaventura) in Redding, California.
Scheduled to open in October 2007, the approximately 3800 square foot facility is located in the Placer Heights Plaza shopping center. The facility will provide West Redding with access to a full line of personal and business products and services. The branch will include five interior teller stations, a drive up window, 24-hour ATM, a night depository, a business center -- and wi-fi friendly interior. The design work is being completed by NewGround(TM) out of San Francisco, California.
"We are delighted to add this full service office on the west side of Redding to better serve those who live and work on the West side and downtown areas. This new office will allow us to conveniently serve this growing section of the community," said Michael C. Mayer, President and Chief Executive Officer. "We hope the community will be comfortable with using this new office and look forward to better serving the community with the added convenience of a full-service, traditional branch location with added technological 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 financial 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. Investment firms trading BOCH stock:
Howe Barnes Hoefer & Arnett
John Cavender
555 Market Street
San Francisco, California
(800) 346-5544
Raymond James Financial
Geoff Ball
1805 Hilltop Drive, Suite 106
Redding, California 96002
(800) 926-5040
Wachovia Securities
Ken Myers and Rick Hansen
10466 Brunswick Road
Grass Valley, California
(888) 383-3112
Morgan Stanley
310 Hemsted Drive, Suite 100
Redding, California
(800) 733-6126
For additional information concerning risks and uncertainties related to the Company and its operations please refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2006 and under the heading: "Risk factors that may affect results" and subsequent reports on Form 10-Q and current reports on Form 8-K. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.