Bank Reports 66 Percent Increase in Net Income

The California Bank of Commerce, based in Lafayette, reported an increase of 66 percent in net income over the year before for the first quarter of 2013.

The net income was $554,000. In the first quarter of 2013, the bank reported total loans increasing 12 percent to $247 million.

“The Bank continues to attract quality middle market companies in Northern California,” said Terry A. Peterson, president and CEO, in a bank news release.  "The expertise and industry knowledge of our bankers is being recognized throughout the Bay Area, resulting in strong growth in the number of clients we serve."