Bailout Bank Bio: Pacific Coast National Bancorp

Aug 6, 2009 | 2 min read | Print Article

Pacific Coast National Bancorp operates as the bank holding company for Pacific Coast National Bank that provides a range of commercial and consumer banking services to small-to medium-sized businesses, independent single-family residential and commercial contractors, professional concerns, and consumers. The company offers various deposit products, including demand deposits, savings accounts, money market accounts, certificates of deposit, and individual retirement accounts. It provides a range of lending products, which consist of real estate one to four residential, multi-family, non-farm, and non-residential loan; construction and land development loan; commercial loan; and consumer loan. The company also offers credit and debit cards, online banking, domestic and foreign wire transfers, and travelers’ and cashier’s checks. It provides its services through various delivery systems, including automated teller machines, private banking, telephone banking, and Internet banking. As of December 31, 2007, Pacific Coast National Bancorp operated two retail banking offices located in San Clemente and Encinitas, California. The company was founded in 2003 and is headquartered in San Clemente, California.

In December the company began participating in the Treasury Department’s Capital Purchase Program. Under the program the company received $4.1 million from Treasury in exchange for preferred stock.

Federal Equity Investment	$4.1 million
Total Revenue	$6.1 million (2007) $9.2 million (2008)
Net Income (Loss)	($4 million) (2007) ($8.7 million) (2008)
Number of Employees	37
Corporate Headquarters	San Clemente, California
Business Sector	Banking
Officers and Directors	Michael S. Hahn, Chief Executive Officer, President Other Officers and Directors
Corporate Website	http://www.pacificcoastnationalbank.com
Executive Compensation	Pacific Coast