Marker:
CU Bancorp (CA) (CUNB)
$21.19 up 0.13 (0.62%)
Volume: 27,335

*Up 8% the past 4 months.

Shareholders of CU Bancorp and 1st Enterprise Bank Approve Merger of 1st Enterprise Bank into California United Bank

CU Bancorp (NASDAQ:CUNB) today announced that at its Annual Meeting of Shareholders held on November 14, 2014 its shareholders approved the Agreement and Plan of Merger dated June 2, 2014, as amended and the merger of 1st Enterprise Bank (OTCQB:FENB) with and into CU Bancorp’s wholly owned subsidiary California United Bank, with California United Bank as the surviving bank (“Merger”). Also on November 14, 2014, at the 1st Enterprise Bank Annual Meeting of Shareholders the shareholders of 1st Enterprise Bank overwhelmingly approved the Merger.

http://ih.advfn.com/p.php?pid=nmona&article=64440599

CU Bancorp is the parent of California United Bank. Founded in 2005, California United Bank provides a full range of financial services, including credit and deposit products, cash management, and internet banking to businesses, non-profits, entrepreneurs, professionals and investors throughout Southern California from offices in the San Fernando Valley, the Santa Clarita Valley, the Conejo Valley, Simi Valley, Los Angeles, South Bay, and Orange County.

*I have no interest in SoCal banks at this time.

Marker:
CU Bancorp (CA) (CUNB)
$19.48 down -0.04 (-0.20%)
Volume: 18,289

How healthy is this bank?

http://banktracker.investigativereportingworkshop.org/banks/california/encino/california-united-bank/

$1.2B in assets..well capitalized.

No TARP.

CU Bancorp (CUNB) Subsidiary California United Bank Announces Receipt Of Preferred Lender Status From SBA

Oct 23, 2012

California United Bank, a subsidiary of CU Bancorp, has announced its receipt of Preferred Lenders Program (PLP) participant status with the U.S. Small Business Administration (SBA).

The SBA created the Preferred Lenders Program in order to streamline procedures and facilitate quick processing of financial assistance applications for small businesses. Approved based on their past records with the SBA, PLP lenders must have demonstrated a proficiency in originating, processing, and servicing SBA-guaranteed loans.

PLP lender is the highest bank designation granted by the SBA, reserved for top-tier bank lenders only. California United Bank's receipt of PLP status is indicative of the company's team dedication toward building and expanding a superior SBA lending platform that supports community entrepreneurial achievement. Receiving this status also furthers the company's lending power to drive small business development and job growth.

[....]

California United Bank, a subsidiary of CU Bancorp, recently celebrated the seventh anniversary of its opening. California United Bank offers a full range of financial services, including credit and deposit products, cash management, and Internet banking for businesses, nonprofits, entrepreneurs, professionals, and high-net-worth individuals throughout Southern California. The company has offices in the San Fernando Valley, Santa Clarita Valley, Conejo Valley, Simi Valley, Los Angeles, South Bay, and Orange County.

http://seekingalpha.com/instablog/783255-missionir/1204211-cu-bancorp-cunb-subsidiary-california-united-bank-announces-receipt-of-preferred-lender-status-from-sba

*Acquisition target possibilities.

CU Bancorp Announces NASDAQ Capital Market Listing


Date : 10/05/2012 @ 2:05PM
Source : Business Wire
Stock : CU Bancorp (CA) Common Stock (CUNB)
Quote : $11.90 0.0 (0.00%) @ 7:05AM

CU Bancorp (OTCBB: CUNB), the holding company for California United Bank, today announced that its application to list the Company’s common stock on the NASDAQ Capital Market has been approved by The NASDAQ Stock Market LLC. Trading on NASDAQ is expected to begin with the opening of trading on October 9, 2012 under the ticker symbol “CUNB.”

David I. Rainer, Chairman, President and Chief Executive Officer of CU Bancorp and its subsidiary California United Bank, commented, “Listing on the NASDAQ represents a significant milestone for the Company in enhancing shareholder value. We believe moving our common stock listing to NASDAQ will increase our visibility in the marketplace, resulting in a larger universe of potential investors for the Company and greater liquidity and efficiency in our stock trading. This comes at an exciting time for CU Bancorp as we have recently completed our acquisition and integration of Premier Commercial Bancorp and its subsidiary Premier Commercial Bank, N.A.”

In honor of the transition to NASDAQ, Mr. Rainer, his management team and Board of Directors will ring the opening bell at The NASDAQ Stock Market in Times Square in New York City on Wednesday, October 10, 2012.

http://ih.advfn.com/p.php?pid=nmona&article=54418220

Total assets at June 30, 2011 were a record $796.7 million, up $264.7 million or 49.8 percent from the second quarter of 2010, reflecting the Bank’s addition of experienced relationship managers in 2010, the acquisition of COSB at year end 2010 and continuation of organic growth in 2011. Total assets were also up $33.1 million or 4.3 percent from the first quarter of 2011, primarily due to the growth in the Bank’s core deposits.

California United Bank Announces 2011 Second Quarter Income up 45.8 Percent over Prior Year Second Quarter along with 49.8 Percent Growth of Total Assets to $796.7 Million
| 8:05 AM | |

ENCINO, Calif.--(BUSINESS WIRE)--California United Bank (OTCBB:CUNB) today reported net income of $312 thousand for the quarter ended June 30, 2011, up $98 thousand or 45.8 percent from $214 thousand for the quarter ended June 30, 2010 and up $64 thousand or 25.8 percent from the quarter ended March 31, 2011. “In the second quarter of 2011, California United Bank celebrated its sixth anniversary having built its core franchise over the six year period to $796.7 million in total assets and an eig



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CUNB Security Details
Share StructureMarket Value1 $83,843,852 a/o Aug 08, 2011
Shares Outstanding 6,929,244 a/o May 05, 2011
Float Not Available
Authorized Shares Unlimited a/o
Par Value Not Available
http://www.californiaunitedbank.com/





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