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GILROY, Calif.–(BUSINESS WIRE)–Pinnacle Bank (OTCBB:PBNK)
headquartered in Gilroy, California, announced today its third consecutive profitable quarter. For the three months ended March 31, 2011, the Bank reported net income of $118,000 compared to a loss of $694,000 in the comparable quarter of 2010.
“Our quality client
relationships allow us to maintain net interest margin and asset quality
with safe, controlled growth and a strong balance sheet.”
As of March 31, 2011, total assets were $151.3 million, a 4% increase
from the $146.1 million at December 31, 2010.
Penny Stocks are stocks traded for under $2 and they represent the small cap companies. They trade on the OTCBB so you will not find them on the major stock exchanges. They are very cheap stocks and normally come for businesses needing capital. They are a very risky investment as the business can go under and leave you with a stock worth nothing. However that being said penny stock trading can be a great money maker, and there are numerous traders who make 6 figures and more from them each year.
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Article source: http://www.businesswire.com/news/home/20110427007442/en/Pinnacle-Bank-Announces-Consecutive-Profitable-Quarter