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The affirmation of the Short-Term IDRs of PCBA, PCBK, PCBM and PCBS, and PCBG reflects the fact that they are unlikely to be downgraded following the resolution of the RWN on PCH.
If PCH's IDRs are downgraded, the IDRs and Support Ratings of PCBA, PCBK, PCBM, PCBS and PCBG could be downgraded or affirmed depending on the extent of the parent's downgrade.
The upgrade of PCBK reflects the reassessment of the agency's view of transfer and convertibility risks relating to Kosovo as well as the extent of constraints of the operating environment on the bank's credit profile.
Pacific Continental Corporation (NASDAQ: PCBK), the holding company of Pacific Continental Bank, has said that its board of directors has declared a regular cash dividend of USD0.11 per share on its common stock.
Pacific Continental Bank, the bank subsidiary of Pacific Continental Corporation (NASDAQ: PCBK) has received the Community Support Award by the Nonprofit Network of Southwest Washington, the company said.
The parent corporation's shares are listed on the Nasdaq Global Select Market under the ticker symbol PCBK and are a component of the Russell 2000 Index.
Tickers featured: AWBC, CACB, CBON, EWBC, FCBP, FRC, FTBK, GBCI, PCBK, SIVB, STSA, UCBH, WSFG.
PCH's 'bb-' VR reflects the group's exposure to difficult emerging market environments, the relatively narrow (except PCBK) franchises of the subsidiary banks in their respective jurisdictions and the inherent credit risks in PCH's business model, based on lending to SMEs.
Pacific Continental Corporation (NASDAQ: PCBK), the holding company of Pacific Continental Bank, has said that its board of directors has approved a regular cash dividend of USD0.11 per share on its common stock.
(NASDAQ: PCBK) has closed the acquisition of Foundation Bancorp, Inc.
(OTC: FDNB) and Pacific Continental Corporation (NASDAQ: PCBK) have established an election deadline of 5 p.m.
Pacific Continental's stock, which trades under the ticker symbol PCBK, fell 2 cents, to $12.90 on Thursday, near the lower end of its 52-week range of $12.49 to $14.55 per share.
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