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The Bank of San Francisco invites individual and institutional investors, as well as advisors and analysts, to attend interactive real-time presentations at VirtualInvestorConferences.com
SAN FRANCISCO, Sept. 20, 2022 (GLOBE NEWSWIRE) — Bank of San Francisco (OTCQX: BSFO ), a leading community bank serving businesses, nonprofits and individuals, today announced that CEO Ed Obuchowski; President, Wendy Ross; executive vice president and chief financial officer; Jennifer Corr, executive vice president and director of commercial banking; Félix Miranda; and Vice President and Chief Marketing Officer Leslie Katter will present live on VirtualInvestorConferences.com on September 22, 2022.
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DATE: September 22, 2022
TIME: 10:00 am PDT (1:00 pm EDT)
LINK: https://bit.ly/3oTs1LK
This will be a live interactive online event where investors are invited to ask the company questions in real time. If attendees are unable to join the live event on the day of the conference, an archived webcast will also be available after the event.
Investors are encouraged to pre-register and run the online system check to expedite participation and receive event updates.
Learn more about the event at www.virtualinvestorconferences.com.
Bank of San Francisco Quarter End June 30, 2022 Highlights:
- Loan growth of 15%, excluding Paycheck Protection Program (PPP) loans, beginning June 30, 2021; PPP loans decreased by $111 million and non-PPP loans increased by $63 million since June 30, 2021
- Total deposits grew to $570 million; relationship-based deposits increased by $66 million, or 12%
- Quarterly net income of $1,731K, including $482K in PPP loan fees and interest income
- Net worth increased to $59 million
- Book value per common share increased to $28.20
- Average return on equity (ROAE) of 11.91% for the three months ended June 30, 2022
- Return on average assets (ROAA) of 1.14% for the three months ended June 30, 2022
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About the Bank of San Francisco
Based in San Francisco, Bank of San Francisco is a progressive community bank that reflects the best of San Francisco and Bay Area culture: flexible, entrepreneurial and forward-thinking. We are a local bank, with significant community ownership, serving Bay Area businesses, nonprofits, individuals and families. Bank of San Francisco offers personalized, high-touch service with agility and accountability. Our team is as diverse as the community we serve, allowing us to understand the unique needs and goals of our clients. We invite you to learn more about Bank of San Francisco and join our family of successful, community-oriented customers. For more information about Bank of San Francisco, call us at (415) 744-6700 or visit us at www.bankofsf.com. The Bank of San Francisco is a member of the FDIC and is an equal home lender.
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Forward-looking statement
This press release contains certain forward-looking statements that involve risks and uncertainties, including statements related to our expected growth. Forward-looking statements are those that are not statements of historical fact and may be identified by the use of the words “believe”, “expect”, “attempt”, “anticipate”, “plan”, “estimate”, “project” or similar expressions. These statements are based on current expectations, estimates and projections about Bank of San Francisco’s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties may affect Bank of San Francisco’s operations, performance, development, growth projections, capital needs and results of business and include, but are not limited to, local and national economic conditions, movements in interest rates and changes in financial performance. and/or condition of our loan and deposit customers, changes in the levels of loanable and doubtful assets and discounts, Bank of San Francisco’s timely implementation of technological improvements to its products and operating systems, the impact of products , services and prices, acts of war or terrorism, or natural disasters, such as earthquakes, customer requirements and preferences, federal, state and local legislation and regulatory developments, the ability to retain or increase market share, maintain or increase customer relations and controlling expenses, changes in regulatory or generally accepted accounting principles and other similar matters. Readers are cautioned not to place undue reliance on forward-looking statements, which are subject to the influence of past risk factors and unanticipated future events. Actual results, accordingly, may differ materially from management’s expectations. Bank of San Francisco undertakes no obligation to update these forward-looking statements, except as required by law.
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About Virtual Investor Conferences®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to pitch directly to investors.
Offering a real-time investor engagement solution, VIC is specifically designed to provide companies with more efficient access to investors. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences deliver leading investor communications to a global network of retail and institutional investors.
CONTACT:
Bank of San Francisco
Leslie Katter
Vice President, Chief Marketing Officer, Investor Relations and Liaison Officer
(415) 517-4012
leslie.katter@bankbsf.com
Virtual investor conferences
Joan M. Viglotti
SVP, Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com
