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Pan Pacific Bank in Fremont, Calif., reported another profitable quarter. The $113.3 million-asset bank earned $330,000 in the fourth quarter, compared to a $544,000 loss a year earlier.
January 17
Pan Pacific Bank (PPFC) in Fremont, Calif., has snagged a small business lender from the Bay Area.
The $113.3 million-asset bank said Thursday that Ron Barrett was hired as a vice president and manager of government-guaranteed loans. He joins Pan Pacific from Bank of Alameda, where he served in a similar role. He previously was a business development officer at Wachovia Small Business Capital and a financial advisor at Merrill Lynch.
"Barrett is a native East Bay resident with more than 30 years of entrepreneurial and financial services experience that will augment the wide range of services we offer our business clients," Wayne Doiguchi, Pan Pacific's chief executive, said in a press release.
