Pacific Crest Capital Has Mixed 2nd Quarter

Pacific Crest Capital Inc., reported a net income of $1.2 million for the second quarter ended June 30, down from a net income of $1.3 million for the second quarter in 1998.

New loan volume for the secondquarter was $36.0 million, up 129% over the like period in 1998.

Pacific Crest Capital is a financial institution holding company that offers lending and deposit programs through its FDIC-insured California state chartered industrial bank. Pacific Crest Bank targets California’s small businesses, entrepreneurs and investors.