About Premier Business Bank and Premier Bank of Palos Verdes

Press Releases

PBB BANCORP REPORTS RECORD TOTAL ASSETS OF $460.4 MILLION AS OF JUNE 30, 2016

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LOS ANGELES, CA – July 29, 2016 - PBB Bancorp (OTCQX: PBCA) announced the results of operations for the second quarter 2016. The Consolidated Balance Sheet as of the quarter end at June 30, 2016 reflected Record Total Assets of $460.4 million; Record Net Loans of $369.1 million; Record Total Deposits of $343.1 million; and Record Total Equity of $43.4 million. The milestones were a direct benefit derived from the merger with First Mountain Bank in January 2016, along with the continued growth within our other target markets.

PBB BANCORP REPORTS RECORD EARNINGS AND GROWTH FOR 1st QUARTER 2016

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LOS ANGELES, CA – May 2, 2016 - PBB Bancorp (“PBCA”) (OTCQX: PBCA) today announced the results of operations for the first quarter 2016 which included the merger with First Mountain Bank ($148 million in Total Assets) that was successfully closed on January 29, 2016. The combined Balance Sheet as of the quarter end at March 31, 2016 reflected Total Assets increasing to $438.5 million; Net Loans increasing to $359.6 million; Total Deposits of $331.7 million; and Total Equity of $42.3 million.

PBB BANCORP REPORT FOR FULL YEAR OF 2015

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LOS ANGELES, CA – February 11, 2016 - PBB Bancorp (“PBCA”) (OTCQX: PBCA), the parent company of Premier Business Bank (“Premier”), reported significant growth in net income and total assets for the year ended December 31, 2015.

Net income for the year ended 2015 was $1.9mm or $0.55 per share, which included $257,000 of after-tax pre-merger expenses, reflected an increase of 155% over the prior year. Net interest income increased $3.0mm, an increase of 47% as compared to the prior year, primarily due to the growth in the loan portfolio of $51.9mm. Non-interest income increased approximately $400,000, or 77%, as compared to the prior year as a result of greater SBA loan activity in 2015.

PBB BANCORP AND FIRST MOUNTAIN BANK MERGER COMPLETE

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Los Angeles, California and Big Bear Lake, California, January 29, 2016 – PBB Bancorp (“PBCA”) (OTCQX: PBCA), the parent company of Premier Business Bank, announced today the successful merger with First Mountain Bank. PBB Bancorp first entered into a definitive merger agreement with First Mountain Bank on June 22, 2015. This merger combines Premier Business Bank’s leading operation in Los Angeles County with First Mountain Bank’s strong presence in San Bernardino County. “With the merger, the combined assets are in excess of $425 million,” said John R. Polen, president and CEO of Premier Business Bank.

PBB BANCORP ANNOUNCES SHAREHOLDER APPROVAL OF ACQUISITION OF FIRST MOUNTAIN BANK


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LOS ANGELES, CA – December 22, 2015 – PBB Bancorp (OTCQX: PBCA), the holding company and 100% shareholder of Premier Business Bank, announced today that on December 22, 2015, the shareholders of PBB Bancorp approved the merger of First Mountain Bank, with and into Premier Business Bank, and that on December 21, 2015, the shareholders of First Mountain Bank also approved the merger.

PBB BANCORP AND FIRST MOUNTAIN BANK ANNOUNCE MERGER APPROVED BY REGULATORY AGENCIES

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LOS ANGELES, CA – November 5, 2015 – (Business Wire) – PBB Bancorp (“PBCA”) (OTCQX: PBCA), the parent company of Premier Business Bank, and First Mountain Bank announced that the merger of the two banks has received final approval from the Federal Reserve Bank, the California Department of Business Oversight and the Federal Deposit Insurance Corporation.  “We expect the merger to be completed in the first quarter of 2016, subject to all required regulatory requirements and the fulfillment of all closing conditions.  After the merger, the combined assets will be in excess of $400 million,” said John R. Polen, President and CEO of Premier Business Bank.

PBB BANCORP REPORTS EARNINGS FOR THIRD QUARTER 2015

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LOS ANGELES, CA – November 4, 2015 -(Business Wire) - PBB Bancorp (“PBCA”) (OTCQX: PBCA), the parent company of Premier Business Bank (“Premier”), announced record earnings and growth for the third quarter of 2015. Net income for the nine months ended September 30, 2015 was $1.7 million and has increased by $1.3 million or 344% when compared to the nine months ended September 30, 2014. Net income for the quarter ended September 30, 2015 was $559,000, or $0.16 per share compared to $183,000 or $0.05 per share for the third quarter of 2014. Total assets increased to a record $265.3 million at September 30, 2015 compared to $209.3 million from the prior year. Total loans increased to a record $224.1 million at September 30, 2015 compared to $161.3 million from the previous year. Total loans at the end of the third quarter 2015 increased $62.8 million or 39% when compared to the third quarter of 2014. Asset quality remains outstanding with no non-accrual loans, no criticized assets and no loans past due more than 30 days.

PBB BANCORP REPORTS EARNINGS FOR SECOND QUARTER 2015

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LOS ANGELES, CA – August 5, 2015 -(Business Wire) - PBB Bancorp (“PBCA”) (OTCQX: PBCA), the parent company of Premier Business Bank (“Premier”), announced record earnings and growth for the first half of 2015. Net income was $1.1 million, or $0.33 per share, at June 30, 2015, a significant increase compared to $190,000 or $0.07 per share at June 30, 2014. Net income for the six months ended June 2015 increased by $904,000 or 477% when compared to the six months ended June 2014. Pre-tax income year to date was at a record high of $2.2 million, which included non-interest income related to gains on sale of SBA loans of $626,000 and provision for loan losses of $235,000. PBCA elected to increase its provision for loan losses as a prudent measure. In addition, PBCA is recognizing its Net Operating Losses (“NOL’s”) and therefore is not required to pay income tax until tax credits have been depleted. Total assets increased to a record $252.0 million at June 30, 2015 as a result of excellent loan growth year over year. Total loans at the end of the quarter were $211.3 million increasing $75.6 million or 56% when compared to $135.7 million the previous year.

PBB BANCORP/PREMIER BUSINESS BANK TO ACQUIRE FIRST MOUNTAIN BANK

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Los Angeles, California and Big Bear Lake, California, June 22, 2015 – PBB Bancorp (OTCQX: PBCA), the holding company and 100% shareholder of Premier Business Bank, and First Mountain Bank (OTCQX: FMBP) announced today that they have entered into a definitive merger agreement whereby PBB Bancorp will acquire First Mountain Bank through the merger of that bank with and into Premier Business Bank. In the merger each share of First Mountain Bank common stock will be exchanged for a combination of $1.05 in cash, subject to reduction should the book value per share as calculated under the merger agreement fall below $8.15, and one share of PBB Bancorp common stock. The total value of the merger consideration is approximately $13.4 million.