TITLE

County Bank parent reports big third-quarter loss

PUB. DATE
November 2008
SOURCE
Business Journal Serving Fresno & the Central San Joaquin Valley;11/21/2008, Issue 323947, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the financial performance of U.S.-based Capital Corp. of the West, parent company of County Bank, in the third-quarter of 2008. Capital Corp. posted a third-quarter loss of $54.6 million compared to net income of $6.0 million in the third-quarter of 2007. The bank said that the negative figure is brought by non-cash charges corresponding to a goodwill impairment of $23.5 million and an increase in the deferred tax valuation allowance of $25.3 million.
ACCESSION #
35434897

 

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