NorCal Community Bancorp in Alameda, Calif., said it must restate its 2008 results after a regulatory exam and that it expects to swing to a loss because of an increase in impaired assets.

In January the $263 million-asset parent of Bank of Alameda said it had earned $414,000 last year.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.