WESTLAKE VILLAGE, CA, Feb 25, 2009 (MARKET WIRE via COMTEX) — First California Financial Group, Inc. (FCAL:Â
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FCAL, , ) today reported financial results for its three and twelve months ended December 31, 2008.
“While 2008 will be recorded in history for the unprecedented events that thrust the country into a recessionary period, we at First California will remember the year as one in which the company and its subsidiary, First California Bank, navigated through a most challenging economic environment and made continuous progress with its strategic growth plan,” said C. G. Kum, president and chief executive officer. “Guided by our commitment to provide our neighboring communities with the strength, safety and security of a healthy financial institution, the company posted another year of solid growth in loans and deposits, strong capital ratios and stable asset quality metrics.”
2008 Fourth Quarter Highlights: