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Endeavor Bank Announces 2019 First Quarter Financial Results
San Diego’s first new community bank in 10 years continues to grow
SAN DIEGO–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24EDVR&src=ctag” target=”_blank”gt;$EDVRlt;/agt; lt;a href=”https://twitter.com/hashtag/bankendeavor?src=hash” target=”_blank”gt;#bankendeavorlt;/agt;–Endeavor Bank (OTC Pink: EDVR), is pleased to report continued and
steady loan and deposit growth for the first quarter of 2019. Unaudited
results as of the March 31, 2019 reporting date show total assets of
$89.0 million compared to $87.2 million at December 31, 2018, an
increase of $1.8 million, or 2%, and an increase of $58.8 million, or
195% from the same period in 2018. Total deposits at March 31, 2019 were
$68.2 million, an increase over the prior quarter end of $2.4 million,
or 4%, and an increase of $62.8 million from March 31, 2018, of which
38% are non-interest bearing. Total loans grew about 30% during the
first quarter of 2019, standing at $56.3 million on March 31, 2019, as
compared to $0.4 million at March 31, 2018.
Dan Yates, CEO, stated, “As we launch into our second year, we are
well-positioned for further balance sheet growth while maintaining
strong liquidity. We continue to spread the word about San Diego’s
newest bank, owned and operated by San Diegans for San Diego businesses
and their owners.”
Endeavor Bank is also pleased to report the addition of a new member to
the management team, Danna Murphy, who will assume the role of Executive
Vice President and Chief Financial Officer, pending regulatory approval
of her appointment. Danna will replace Robert Lampert who is stepping
down from his day-to-day role but will continue to be available to
support the bank as a consultant on special projects. Danna has an
impressive resume, including a seven-year stint as an FDIC banking
regulator and several prior roles as EVP/CFO in local community banks.
Steve Sefton, President, added, “Danna will step into the CFO role to
continue the legacy of excellence that Bob left us. We are excited to
bring Danna’s experience and talent to the team and we are thankful for
Bob Lampert’s contributions in conceiving, organizing, launching, and
growing the bank.”
About Endeavor Bank
Endeavor Bank is primarily owned and operated by San Diegans for San
Diego businesses and their owners. The bank’s focus is local: local
decision-making, local board, local founders, local owners, and
relationships with local clients in the San Diego metropolitan market
place and its surrounding areas.
Headquartered in downtown San Diego in the landmark Symphony Towers
building, the bank also operates a loan production office in Carlsbad.
Endeavor Bank provides traditional business banking services across a
broad spectrum of industries and specialties. Unique to the bank is its
consultative banking approach that partners business clients with
Endeavor Bank’s senior management. Together, we build strategies and
provide resources that solve problems, plan for the future, and help
clients’ efforts to grow revenues and profits. Visit www.bankendeavor.com
for more information.
Forward-Looking Statements
This press release includes “forward-looking statements,” as such
term is defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on the current beliefs of the
Bank’s directors and executive officers (collectively, “Management”), as
well as assumptions made by and information currently available to the
Bank’s Management. All statements regarding the Bank’s business
strategy and plans and objectives of Management of the Bank for future
operations, are forward-looking statements. When used in this
press release, the words “anticipate,” “believe,” “estimate,” “expect”
and “intend” and words or phrases of similar meaning, as they relate to
the Bank or the Bank’s Management, are intended to identify
forward-looking statements. Although the Bank believes that the
expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations will prove
to be correct. Important factors that could cause actual results
to differ materially from the Bank’s expectations (“cautionary
statements”) are the loss of key personnel, lower lending limits and
capital than competitors, regulatory restrictions and oversight of the
Bank during its “de novo” phase, the secure and effective implementation
of technology, risks related to the local and national economy, the
Bank’s implementation of its business plans and management of growth,
loan performance, interest rates, and regulatory matters, the effects of
trade, monetary and fiscal policies, inflation, and changes in
accounting policies and practices. Based upon changing
conditions, if any one or more of these risks or uncertainties
materialize, or if any underlying assumptions prove incorrect, actual
results may vary materially from those described as anticipated,
believed, estimated, expected or intended. The Bank does not
intend to update these forward-looking statements.
Contacts
Endeavor Bank Contact Information:
(858) 230.5185
Dan
C. Yates, CEO
[email protected]
(858) 230.4243
Steven D. Sefton, President
[email protected]
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Humboldt
Humboldt Seed Company partners with Apollo Green to bring California cannabis genetics to the global marketplace
Apollo Green to distribute Humboldt Seed Company clonal cannabis genetics to Germany, Portugal and Australia
SAN FRANCISCO, April 30, 2024 /PRNewswire/ — Humboldt Seed Company (HSC), California’s leading cannabis seed producer, has announced a partnership with Canadian-based Apollo Green to make eight breeder cuts available to researchers, licensed commercial cultivators and home growers in legal markets worldwide. This first-to-market clonal genetics release is a significant milestone and will expand access to distinctive, high-quality cannabis genetics in both established and emerging global markets including Germany, Portugal and Australia.
The curated, breeder-verified selection includes pioneering triploid genetics, such as OG Triploid and Donutz Triploid alongside the legendary cult classic Blueberry Muffin. Also available are All Gas OG with a THC content of 21% and four high-THC strains in the 30-35% range: Golden Sands, Guzzlerz, Jelly Donutz and Orange Creampop. These selections represent the top .01% from HSC’s extensive California pheno-hunting program.
Exports will begin in May under Apollo Green’s Canadian federal cannabis license. All shipments have Canadian phytosanitary certification, ensuring plants have been inspected, and are clean and free of pests.
“Access for all to quality genetics has been our core focus since the beginning,” said HSC Co-founder and Chief Science Officer, Benjamin Lind. “Our science-based approach to breeding aligns perfectly with Apollo Green’s high standards and we are excited to be able to extend these hand-selected cuts to a wider audience, especially at this pivotal time where we’re seeing positive regulatory changes globally.”
Oisin Tierney, Apollo Green Director of Business Development, said, “California has long been recognized for setting industry standards, and we are proud to play a role in bringing these esteemed genetics to cultivators worldwide. The triploids are especially noteworthy in terms of the unprecedented potential for enhanced plant vigor, higher yields, shorter flowering times and superior returns for solventless extraction.”
About Humboldt Seed Company
Established in 2001, Humboldt Seed Company is a Northern California heritage brand providing quality cannabis genetics to commercial cultivators and home growers in legalized states across the U.S. and international markets including Spain, Canada, Jamaica, South Africa, Colombia, France, Portugal, Greece, the UK, Malta and Thailand. With a focus on environmental and social justice, they combine traditional breeding and modern scientific practices in their strain development program. They have served the cannabis community for over two decades.
For more information visit https://humboldtseedcompany.com/.
About Apollo Green
Licensed since 2019, Apollo Green is Canada’s leader in cannabis genetics. The company’s mission is to provide an ever-growing bank of seeds and clones to medical patients and recreational consumers. Apollo Green provides clean, trusted cannabis seeds and clones, which are backed by the foremost tissue culture technology to reduce risks, costs and time-to-market for licensed producers around the world. Apollo Green is passionate about cannabis genetics.
For more information visit https://apollogreen.com/.
Media contact
Jaana Prall
[email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/humboldt-seed-company-partners-with-apollo-green-to-bring-california-cannabis-genetics-to-the-global-marketplace-302131618.html
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