During the corresponding time, California First National Bancorp saw a revenue deteriorated by -22.47 % year on year, sequentially revenue fell by -4.02 %. While revenue at the California First National Bancorp's corporate clients
California First National Bancorp's Comment on Sales, Marketing and Customers
Leasing and loan customers include major corporations and middle-market companies,
subsidiaries and divisions of Fortune 1000 companies, private and state-related
educational institutions, municipalities and other not-for-profit organizations
and institutions located throughout the United States. The Company does not believe
the loss of any one customer would have a material adverse effect on its operations
taken as a whole.
The Bank’s deposit customers are primarily individuals from across the nation
who place a substantial portion of their savings in safe, government-insured deposits
and businesses that spread their liquid investments among a breadth of banks in
order to ensure that they are government insured. Such depositors are seeking
to maximize their interest income and, therefore, are more inclined to move their
investments to a bank that offers the highest yield regardless of the geographic
location of the depository.
California First National Bancorp’s Comment on Sales, Marketing and Customers
Leasing and loan customers include major corporations and middle-market companies,
subsidiaries and divisions of Fortune 1000 companies, private and state-related
educational institutions, municipalities and other not-for-profit organizations
and institutions located throughout the United States. The Company does not believe
the loss of any one customer would have a material adverse effect on its operations
taken as a whole.
The Bank’s deposit customers are primarily individuals from across the nation
who place a substantial portion of their savings in safe, government-insured deposits
and businesses that spread their liquid investments among a breadth of banks in
order to ensure that they are government insured. Such depositors are seeking
to maximize their interest income and, therefore, are more inclined to move their
investments to a bank that offers the highest yield regardless of the geographic
location of the depository.
Sources:
California First National Bancorp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: California First National Bancorp’s corporate clients.
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