Brief: Baycom Corp’S Capital And Liquidity Remain Strong

Baycom

14/03/2023 19:02

March 14 (Reuters) - BayCom Corp  BCML.O :
    * BAYCOM CORP’S CAPITAL AND LIQUIDITY REMAIN STRONG
    * BAYCOM CORP: HAS ACCESS TO APPROXIMATELY $1.1 BILLION IN
LIQUIDITY FROM NUMEROUS SOURCES INCLUDING ITS BORROWING CAPACITY
AT FEDERAL HOME LOAN BANK
    * BAYCOM CORP - BANK'S CAPITAL REMAINS WELL ABOVE REGULATORY
THRESHOLD FOR WELL-CAPITALIZED BANKS, AND ITS LIQUIDITY POSITION
REMAINS STRONG
    * BAYCOM CORP - UNITED BUSINESS BANK IS ELIGIBLE TO RECEIVE
FUNDS
UNDER NEW BANK TERM FUNDING PROGRAM ANNOUNCED BY FEDERAL RESERVE
TODAY
    * BAYCOM CORP: TOTAL DEPOSITS HAVE INCREASED SINCE YEAR END,
AND
MORE RECENT DEPOSIT ACTIVITIES APPEAR TO BE WITHIN NORMAL COURSE
OF BUSINESS

Source text for Eikon:  ID:nBw9pFkP4a 

 ((Reuters.Briefs@thomsonreuters.com;))