Plaza Bank reverses loss for year, fourth quarter

Plaza Bank, the Irvine, Calif.-based institution that acquired assets and liabilities of failed SouthwestUSA Bank of Las Vegas last year, on Monday reported that it reversed losses for the year and the fourth-quarter.

In the fourth quarter, the bank earned $100,000 or less than one cent a share, compared with a loss of $589,000 or 5 cents a share in the same period a year earlier.

For the year, the bank earned $3.9 million or 28 cents a share, compared with a loss of $1.9 million or 23 cents a share in the prior year.

The bank, which has shares traded in the Over-the-Counter Bulletin Board, did not trade on Monday. It last closed at $1.90 a share.

Contact reporter John G. Edwards at or 702-383-0420.


Comment section guidelines

The below comment section contains thoughts and opinions from users that in no way represent the views of the Las Vegas Review-Journal. This public platform is intended to provide a forum for users of to share ideas, express thoughtful opinions and carry the conversation beyond the article. Users must follow the guidelines under our Commenting Policy and are encouraged to use the moderation tools to help maintain civility and keep discussions on topic.

View Comments