With the first quarter of 2019 behind us, I’m pleased to share with you an update on our performance, activities and success at Partners Bank of California.
The bank has experienced considerable growth over the past year, with assets increasing $66.0 million, or 32.1% for the 12-month period ending March 31, 2019. The majority of this growth occurred in loan production, which increased $56.0 million, or 33.9% during the same period. To a lesser extent, overall growth was also driven by increases in core deposits and capital.
With our new Beverly Hills office opening last January, our team there has already made some great strides in establishing full-service market presence for Partners Bank in the Los Angeles region. The Partners Bank business development and customer service teams continue to be at the cutting edge of securing and sustaining long-term and mutually beneficial business banking relationships throughout Southern California; with a constantly high level of client service and satisfaction.
You may have noticed by now that Partners Bank has a new look on the internet. We’re pleased to present a new www.pbofca.com! Our new site is designed to provide a streamlined approach to getting you the information you’re looking for about Partners Bank, quickly and efficiently, on all your web-connected devices.
Partners Bank of California’s annual shareholders meeting will be held on Thursday, May 23rd, 2019, at Marbella Country Club in San Juan Capistrano, CA. This meeting is open to all current or active shareholders of the bank. If you are a shareholder in the bank, you should have received your annual proxy mailing and 2018 financial report by now. We ask that you please vote your shares electronically/online or by telephone, per the instructions provided to you on the proxy card. If you have not received your annual shareholder proxy mailing or have any questions regarding the annual shareholders meeting and vote, please email us at email@example.com or contact our Investor Relations Officer, Matthew Terry at (949) 732-4052.
One of the greatest compliments and votes of confidence we can receive is whenever a client or shareholder refers business our way from an associate or colleague. If you know of someone who could benefit from the type of true relationship banking that Partners has to offer, please have them give us a call. As always, I look forward to the opportunity to speak with you about our great story here at Partners Bank. Feel free to contact me anytime.
Thank you for choosing Partners Bank of California, where we’re passionate about your success!