Bank of Southern California Announces Second Quarter 2019 Results

PRNewswire

Jul 24, 2019

Second Quarter 2019 Highlights

- Enhanced market presence in Los Angeles, Orange and Riverside counties, including the addition of seasoned, relationship-focused bankers

- 2019 loan growth slows, despite new production, primarily driven by higher loan prepayments and real estate secured loan payoffs

- Repositioning of deposit portfolio focused on lower cost and noninterest-bearing core deposits

- Year over year comparisons are affected by the acquisition of Americas United Bank ("AUB") on July 31, 2018

PR Newswire

SAN DIEGO, July 24, 2019

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