North Bay Business Journal

NOVATO — Umpqua Holdings Corp. (Nasdaq: UMPQ), the parent company of Portland, Ore.-based Umpqua Bank, today announced a definitive agreement to acquire Novato-based Circle Bank and its parent company for $24.9 million.

Upon the completion of the acquisition, all six of Circle Bank’s branches will operate under the Umpqua name, joining Umpqua’s other branches in the North Bay.

The transition is expected to be completed in the fourth quarter.

NOVATO — Circle Bancorp, parent company of Circle Bank, reported fourth-quarter net income of $720,000, compared with $431,000 in the prior quarter and $718,000 in the fourth quarter of 2009.

Circle Bank, one of the leaders in the Tenants in Common market, has left that sector due to risk concentration in that market.

NOVATO — A dispute has developed between shareholders of Circle Bancorp over plans for an initial public offering to raise $20 million to $30 million to expand the bank’s reach.

NOVATO – Circle Bancorp, parent company of Circle Bank, started investor presentations about its public offering but has yet to set a date.

NOVATO – Circle Bancorp, parent company of Circle Bank, which is trying to go public, announced the anticipated offering price of shares to be $10.50 and that between 3.05 million and 4.01 million shares would be available.

NOVATO — Circle Bancorp, the parent of Circle Bank, may hear as early as this week if the U.S. Securities and Exchange Commission will approve a filing requesting to raise between $20 million and $30 million in capital through an initial stock offering.

NOVATO — Circle Bank, the wholly owned subsidiary of Circle Bancorp, today reported year-to-date net income of $1.52 million, a 14 percent increase over $1.34 million for the same period 2009.

SANTA ROSA – Circle Bancorp, parent company of Circle Bank, reported first quarter net income of $461,000 million, up 26.7 percent from the same quarter last year.

Westamerica Bancorporation’s fourth-quarter earnings were $58.9 million, up from $49.9 million for the same quarter the year before. Net income for the year was $121 million, a jump from $59.8 million in 2008.