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Tuesday, Feb 7, 2023

Assets Grow for Western Commerical Bank

WCB Holdings, Inc. and its wholly owned subsidiary, Western Commercial Bank, experienced growth in total assets, loans and deposits in 2008, the company announced. The company’s total assets grew 33 percent from $91.4 million on Dec. 31, 2007 to $121.5 million on Dec. 31, 2008; total loans grew 36 percent from $76.3 million to $103.6 million; and total deposits increased 34 percent from $78.5 million to $105 million. For the quarter and year ended Dec. 31, the holding company recorded net losses of $468,000 and $993,000 respectively, compared to last year’s net income of $51,000 and net loss of $619,000 for the same reporting periods. The company also recognized $32,000 in warrants expense for the year ended Dec. 31. Eric Billingsley

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