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AltaPacific Bancorp Announces Performance Results for Second Quarter 2012 and Restatement of First Quarter 2012

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AltaPacific Bancorp Announces Performance Results for Second Quarter 2012 and Restatement of First Quarter 2012 Powered By Docstoc
					
				
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posted:7/27/2012
language:English
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Description: SANTA ROSA, Calif.--(BUSINESS WIRE)--AltaPacific Bancorp (OTCBB: ABNK), the parent company of AltaPacific Bank, today reported net income for the quarter totaling $300,000 and year-to-date net income totaling $861,000 for the period ending June 30, 2012, respectively. Additionally, having completed the purchase accounting analysis associated with the Stellar Business Bank merger, the Company restated net income for the first quarter of 2012 to include a $487,000 bargain purchase gain. As a resul a style=
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