-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TUU63BqOidLn+bosO1H7Do2BcsjEj7DstfZxUmHd002agUCyedkQQAzCwNNh9W7P FC8f/3vQLJty028vLHgLvg== 0000950134-07-018656.txt : 20070821 0000950134-07-018656.hdr.sgml : 20070821 20070821164834 ACCESSION NUMBER: 0000950134-07-018656 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070821 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070821 DATE AS OF CHANGE: 20070821 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Bank of Commerce Holdings CENTRAL INDEX KEY: 0000702513 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 942823865 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25135 FILM NUMBER: 071071290 BUSINESS ADDRESS: STREET 1: 1951 CHURN CREEK ROAD CITY: REDDING STATE: CA ZIP: 96002 BUSINESS PHONE: 5302243333 MAIL ADDRESS: STREET 1: 1951 CHURN CREEK ROAD CITY: REDDING STATE: CA ZIP: 96002 FORMER COMPANY: FORMER CONFORMED NAME: REDDING BANCORP DATE OF NAME CHANGE: 19920703 8-K 1 f33242e8vk.htm FORM 8-K e8vk
 

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): August 21, 2007
BANK OF COMMERCE HOLDINGS
(Exact name of Registrant as specified in its charter)
         
California   0-25135   94-2823865
         
(State or other jurisdiction
of incorporation or organization)
  (Commission File Number)   (I.R.S. Employer
Identification No.)
     
1951 Churn Creek Road
Redding, California
  96002
     
(Address of principal executive
offices)
  (Zip Code)
Registrant’s telephone number, including area code: (530) 224-3333
N/A
(Former Name or Former Address, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:

Common Stock, no par value per share
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o    Soliciting material pursuant to Rule 142-12 under the Exchange Act (17 CFR 240.14a-12)
o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o    Pre-commencement communications pursuant to Rule 13e-4© under the Exchange Act (17 CFR 240.13e-4(c ))
Indicate the number of shares outstanding of each of the issuer’s class of common stock, as of the latest practicable date. August 20, 2007 8,908,880
 
 

 


 

     Section 8 — Other Events
     Item 8.01. Other Events
Bank of Commerce Holdings has relieved Michael C. Mayer of his position as president and CEO for Bank of Commerce Holdings effective immediately.
Patrick J. Moty has been appointed by the board as interim CEO for the company. Mr. Moty has been with Bank of Commerce Holdings for over 22 years and most recently served as Executive Vice President and Chief Credit Officer. He replaces Michael C. Mayer, president and CEO for Bank of Commerce Holdings, who has been placed on administrative leave for reasons not connected with his duties at the bank.
     Item 9.01. Exhibits
     (c) Exhibits.
     99.1 Bank of Commerce Holdings appoints Patrick J. Moty as Interim CEO
SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
     
August 21, 2007  /s/ Linda J. Miles    
  By: Linda J. Miles   
  Executive Vice President & Chief Financial Officer   
 

 

EX-99.1 2 f33242exv99w1.htm EXHIBIT 99.1 exv99w1
 

          Exhibit 99.1
     
(BANK OF COMMERCE LOGO)
  Bank of Commerce Holdings
(NASDAQ: BOCH)

 
    Company Profile
 
  Founded 1982
 
  Five offices — three markets
 
  Redding Bank of Commerce™
 
  Roseville Bank of Commerce™
 
  Sutter Bank of Commerce™
 
  Bank of Commerce Mortgage™
 
    Investor Highlights
 
  5% stock dividend — 1986
 
  Annual cash dividends -1988
 
  Two for one stock split — 1985
 
  Three for one stock split — 1998
 
  10% stock dividend — 2000
 
  Three for one stock split — 2004
 
  Quarterly cash dividends — since 2005
 
  ACQB Index — America’s Community Bank Index
 
    Business Overview
 
    Bank of Commerce Holdings (the “Holding Company”) is a financial holding company (“FHC”) registered under the Bank Holding Company Act of 1956, as amended, and was incorporated in California on January 21, 1982. The Company owns Redding Bank of Commerce™, Roseville Bank of Commerce™, Sutter Bank of Commerce™ and Bank of Commerce Mortgage™.
Contact Information
Linda J. Miles, Chief Financial Officer
Telephone (530) 722-3955
lindam@reddingbankofcommerce.com
www.reddingbankofcommerce.com
Market Data
Exchange: NASDAQ
Symbol: BOCH
Shares outstanding at 6/30/07: 8,908,880
Market Cap: $96,394,082
Recent Price : $9.45
52 week range: $9.00 — $12.50
Price/ Book (%): 198.78
SNL™ Peer Price/Book (%): 174.33
Price/Earnings (x): 13.89
SNL™ Peer Price/Earnings (x): 15.51
Price/LTM EPS (x): 14.82
Dividend Yield (%): 3.16
SNL ™ Peer Dividend Yield(%): 1.85
YTD Volume traded: 112,597
Insider Ownership: 30.29%
Company Press Release
For immediate release:
Bank of Commerce Holdings™, Announces 12% increase in third quarter 2006 Operating Results —
REDDING, California, August 20, 2007/ PR Newswire— Ken Gifford, Chairman of Bank of Commerce Holdings (NASDAQ: BOCH), a $605.6 million asset financial holding company, and parent company of Redding Bank of Commerce™, Roseville Bank of Commerce™, Sutter Bank of Commerce™ and Bank of Commerce Mortgage™ today announced the appointment of Patrick J. Moty to Interim CEO of the Company.
Mr. Moty has over twenty-two years with Bank of Commerce Holdings and most recently served as Executive Vice President and Chief Credit Officer. He replaces Michael C. Mayer, president and CEO for Bank of Commerce Holdings, who has been placed on administrative leave for matters not related to his duties at the bank.
Highly active in the Redding Community, Mr. Moty is past president of Riverview Country Club, past Board member of Redding Rotary West and has participated on the Shasta County Grand Jury. Currently Mr. Moty sits on the Board of Directors for the Shasta County Economic Development Corporation.
Bank of Commerce Holdings, with administrative offices in Redding, California is a financial service holding company that owns Redding Bank of Commerce™, Roseville Bank of Commerce™, Sutter Bank of Commerce™ and Bank of Commerce Mortgage™.
The Company is a federally insured California banking corporation and opened on October 22, 1982.


3


 

BOCH is a NASDAQ Global Market listed stock. Please contact your local investment advisor for purchases and sales. Investment firms making a market in BOCH stock are:
     
Howe Barnes Hoefer & Arnett/ John Cavender
  Raymond James Financial/ Geoff Ball
555 Market Street
  1805 Hilltop Drive, Suite 106
San Francisco, CA
  Redding, CA
(800) 346-5544 
(800) 733-6126
  (800) 926-5040 
 
   
Wachovia Securities/ Ken Myers, Rick Hansen
   
10466 Brunswick Road
   
Grass Valley, CA
   
(888) 383-3112 
   

4

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