Endeavor Bancorp

Endeavor Bancorp operates as a bank holding company. It focuses on local: local decision-making, local board, local founders, local owners, and relationships with clients in the San Diego metropolitan marketplace and its surrounding areas. The company was founded in January 2022 and is headquartered in San Diego, CA.

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SAN DIEGO, March 05, 2024 (GLOBE NEWSWIRE) -- Endeavor Bancorp (OTCQX: EDVR) (the “Company,” or “Bancorp”), the holding company for Endeavor Bank (the “Bank”), today announced that it has completed the issuance of $12.5 million in fixed-to-floating rate subordinated notes. The subordinated debt is structured such that it qualifies as Tier 2 capital at the holding company and will be down streamed to the Bank as Tier 1 capital. The Company intends to use the net proceeds primarily to support its strategic expansion into the greater Los Angeles and Inland Empire markets and for general corporate purposes. Performance Trust Capital Partners, LLC acted as placement agent.

Endeavor Bancorp Completes Private Placement of $12.5 Million of Subordinated Debt and Announces Greater Los Angeles and Inland Empire Market Expansion

SAN DIEGO, Jan. 22, 2024 (GLOBE NEWSWIRE) --  Endeavor Bancorp (OTCQX: EDVR) (the “Company,” or “Bancorp”), the holding company for Endeavor Bank (the “Bank”), today announced net income of $852 thousand, or $0.20 per diluted share, for the fourth quarter of 2023, down from net income of $1.2 million, or $0.29 per diluted share, for the third quarter of 2023, and up from $764 thousand, or $0.19 per diluted share, for the fourth quarter of 2022. Core earnings, which excludes PPP fee income and loan loss provision expense, for the year ending December 31, 2023 was $6.6 million, compared to $4.9 million in 2022 for an increase of 34.7%. Strong core earnings were driven by higher rates on earning assets, as interest income on loans increased $6.6 million and interest income on bank deposits and investments increased $5.0 million for 2023. The cost of deposits increased by $8.5 million, and net interest income grew by $3.1 million year-over-year. All 2023 financial results are unaudited.

Endeavor Bancorp Reports Net Income of $852,000 for the Fourth Quarter of 2023; Results Highlighted by Strong Loan Growth and Increasing Asset Yields

SAN DIEGO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Endeavor Bancorp (OTCQX: EDVR) (the “Company,” or “Bancorp”), the holding company for Endeavor Bank (the “Bank”), today announced net income of $1.22 million, or $0.29 per diluted share, for the third quarter of 2023, up from net income of $900,000, or $0.22 per diluted share, for the second quarter of 2023, and down from $1.28 million, or $0.31 per diluted share, for the third quarter of 2022. All 2023 financial results are unaudited.

Endeavor Bancorp Reports Net Income of $1.22 Million for the Third Quarter of 2023; Results Highlighted by Double Digit Loan and Deposit Growth Year Over Year

SAN DIEGO, July 24, 2023 (GLOBE NEWSWIRE) -- Endeavor Bancorp (OTCQX: EDVR) (the “Company,” or “Bancorp”), the holding company for Endeavor Bank (the “Bank”), today announced net income of $900,000, or $0.22 per diluted share, for the second quarter of 2023, nearly unchanged compared to $899,000, or $0.22 per diluted share, for the first quarter of 2023. In the second quarter of 2022, the Company recorded a $2.51 million one-time deferred tax credit, resulting in net income of $3.23 million, or $0.79 per diluted share. Excluding the non-recurring tax-credit in 2022, net income for the second quarter of 2022 was $720,000. The 2023 financial results are unaudited.

Endeavor Bank Reports Net Income of $900,000 for the Second Quarter of 2023; Results Highlighted by Strong Interest Income and Net Interest Margin Expansion

SAN DIEGO, April 18, 2023 (GLOBE NEWSWIRE) -- Endeavor Bancorp (OTCQX: EDVR) (the “Company,” or “Bancorp”), the holding company for Endeavor Bank (the “Bank”), today announced net income of $899,000 for the first quarter of 2023, compared to $764,000 for the fourth quarter of 2022, and $299,000 for the first quarter of 2022. The financial data presented in this release for the first quarter of 2023 and fourth quarter of 2022 are consolidated. The results presented in this press release for the first quarter of 2022 reflect Bank-only information. All results are unaudited.

Endeavor Bancorp Reports Net Income of $899,000 for the First Quarter of 2023; Results Highlighted by Core Deposit Growth

Community Business Bank Expands its Reach in San Diego County with New Office in La Mesa Community Business Bank Expands its Reach in San Diego County with New Office in La Mesa

Endeavor Bank Opens New Office in East County

SAN DIEGO, March 03, 2023 (GLOBE NEWSWIRE) -- Endeavor Bancorp (OTCQX: EDVR) (the “Company,” or “Bancorp”), the holding company for Endeavor Bank (the “Bank”), today announced that Julie Given-Glance is joining the company as its new Chief Financial Officer, effective March 13, 2023.

Julie Given-Glance to join Endeavor Bancorp as Chief Financial Officer

SAN DIEGO, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Endeavor Bancorp (OTCQX: EDVR) (the “Company,” or “Bancorp”), the holding company for Endeavor Bank (the “Bank”), today announced net income of $764,000 for the fourth quarter of 2022, compared to $1.28 million for the third quarter of 2022, and $1.56 million in the fourth quarter of 2021. The financial data presented in this release is now consolidated, which affected results for the fourth quarter of 2022, third quarter of 2022 and full year 2022. The results presented in this press release for the fourth quarter of 2021 and the full year 2021 were Bank-only periods prior to the formation of the holding company. All results are unaudited.

Endeavor Bancorp Reports Net Income of $755,000 for the Fourth Quarter of 2022 and $5.58 Million for the Year 2022

Results Highlighted by Strong Core Loan and Net Interest Margin Expansion Results Highlighted by Strong Core Loan and Net Interest Margin Expansion

Endeavor Bank Announces Pretax Income of $1.74 Million for Third Quarter 2022 and $3.98 Million for First Nine Months of 2022(1)

SAN DIEGO, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Endeavor Bancorp (“Bancorp”) (OTC Pink: EDVR) today announced that Danna M. Murphy has resigned as Chief Financial Officer of Bancorp and its wholly-owned subsidiary, Endeavor Bank (“Bank”), effective November 15, 2022.

Endeavor Bancorp Announces CFO Departure

Business owners Jillian Murrish and Bryan Min join community bank's board of directors Business owners Jillian Murrish and Bryan Min join community bank's board of directors

Endeavor Bank Welcomes Two New Members to Board of Directors

SAN DIEGO--(BUSINESS WIRE)---- $EDVR #bankendeavor--Endeavor Bank (“Bank”) (OTC Pink: EDVR) is ranked first in California and fifteenth in the nation by CB Resource, an independent company that provides consulting, risk management, and planning solutions to banks across the country. The Bank was recognized in CB Resource's CB Top Ten™ report for the second quarter of 2022. These rankings highlight Endeavor Bank as a top performer among its peer class of C-Corp banks with assets ranging between $250 and $499 million. “

Endeavor Bank Ranked #1 in California Among Peer C-Corp Class by CB Resource

SAN DIEGO--(BUSINESS WIRE)---- $EDVR #bankendeavor--Endeavor Bancorp, the holding company for Endeavor Bank, announces continued strong growth during the second quarter of 2022, including record levels of core loans and deposits. Results for the second quarter ended June 30, 2022, included Total Assets of $468 million, a 22% increase from the prior quarter end. Loans totaled $355 million, a $23 million or 7% increase from the end of the first quarter, and included declines in PPP loan balances by $10.5 million. Total

Endeavor Bancorp Announces 2022 Second Quarter Financial Results

SAN DIEGO--(BUSINESS WIRE)---- $EDVR #bankendeavor--Endeavor Bank (“Bank”) (OTC Pink: EDVR) announced today that Endeavor Bancorp (“Bancorp”) became its holding company following shareholder and regulatory approval. As previously announced, Bancorp had been formed as a subsidiary of the Bank, and in March Bancorp successfully issued $15,000,000 in subordinated debt in an institutional private placement. The completion of the reorganization of Bancorp to become the holding company for the Bank carries out the previousl

Endeavor Bank Announces Formation of Holding Company

SAN DIEGO--(BUSINESS WIRE)---- $EDVR #bankendeavor--Endeavor Bank, San Diego's premier headquartered business bank focusing on consultative banking to local businesses, announces results for the first quarter. We are committed to being a highly valued resource for our local business community, and since our launch just over four years ago, we have assisted over a thousand local businesses with loans to support their operational needs. At the end of the first quarter, core loans (the loan segment that bank management d

Endeavor Bank Announces 2022 First Quarter Financial Results

SAN DIEGO--(BUSINESS WIRE)---- $EDVR #bankendeavor--Endeavor Bank is pleased to announce that the Bank has achieved a Super Premier Performance rating by The Findley Reports based upon its 2021 operating results. Endeavor Bank is one of 84 banks that received a Super Premier rating, the most prestigious of The Findley Reports' recognition tiers. “We are proud to be recognized as a Super Premier Performing Bank, the highest rating offered by The Findley Reports,” said Endeavor Bank CEO, Dan Yates. “This designation is

Endeavor Bank Recognized as a Super Premier Bank by The Findley Reports

SAN DIEGO--(BUSINESS WIRE)---- $EDVR #bankendeavor--Endeavor Bank is growing, announcing the hire of Odie Goward as senior vice president and the opening of a new office location in East County, temporarily located at 9400 Grossmont Summit Drive, Suite 303, La Mesa, CA 91941. Goward will bring on a team and oversee business development in the cities of El Cajon, La Mesa, Lemon Grove and Santee, as well as nearby unincorporated areas. She will act as regional manager of the new East County Office. “We are pleased to we

Endeavor Bank Hires Odie Goward as Senior Vice President

SAN DIEGO--(BUSINESS WIRE)---- $EDVR #bankendeavor--Endeavor Bancorp, a wholly-owned subsidiary of Endeavor Bank (“Bank”) (OTC Pink: EDVR), announced today that it had successfully issued $15,000,000 in subordinated debt in an institutional private placement. Performance Trust Capital Partners, LLC acted as placement agent. Breakwater Law Group, LLP served as counsel to Endeavor Bancorp, and Hunton Andrews Kurth LLP served as counsel to Performance Trust Capital Partners, LLC. The net proceeds of the debt will be reta

Endeavor Bancorp Issues $15,000,000 in Subordinated Debt

SAN DIEGO--(BUSINESS WIRE)---- $EDVR #bankendeavor--Rebecca Humphries, senior vice president at Endeavor Bank, has been elected by her peers at California Southern Small Business Development Corporation to chair its board. Her two-year term starts immediately. Humphries will support the organization's mission to secure financing for small businesses that have great potential but may not qualify for a conventional loan on their own. “We are excited to have Rebecca as the elected Chair,” said Juan Carlos Hernandez, Pres

Rebecca Humphries, Senior Vice President at Endeavor Bank, Elected as Chairperson of California Southern Small Business Development Corporation

SAN DIEGO--(BUSINESS WIRE)---- $EDVR #bankendeavor--Endeavor Bank, San Diego's local business-focused banking partner, announces results for the year ended 2021. The Bank continued its consultative banking focus for business clients resulting in core loan and deposit growth which contributed to the Bank's record earnings for FY 2021. The Bank's long-term plan is to build core loan and core deposit business relationships, and in 2021 it achieved this result. In fiscal 2021 core loans increased by almost $114 million, o

Endeavor Bank Announces 2021 Fourth Quarter Financial Results

SAN DIEGO, Nov. 19, 2021 /PRNewswire/ -- The bank continues to record healthy earnings, as well as core (non-PPP) loan and deposit growth.  Forgiveness of Paycheck Protection Program (PPP) loans and repayment of associated PPPLF borrowings over the third quarter resulted in lower total assets compared to June 30, 2021, as expected.

Endeavor Bank Announces 2021 Third Quarter Financial Results

SAN DIEGO--(BUSINESS WIRE)---- $EDVR #bankendeavor--As anticipated, declines in balance sheet totals during the quarter resulted mainly from the forgiveness of Paycheck Protection Program (PPP) loans. As of June 30, 2021, the Bank's total assets equaled almost $464 million, a decline from March 31, 2021 of nearly $48 million, or -9%. Total deposits equaled $269 million at the end of the second quarter, a decline of $9 million or -3% from March 31, 2021, and total loans equaled $364 million, a decline of almost $22 mil

Endeavor Bank Announces 2021 Second Quarter Financial Results

SAN DIEGO--(BUSINESS WIRE)---- $EDVR #bankendeavor--Endeavor Bank (the “Bank”) announced that on May 26, 2021, the Bank's board of directors adopted the following changes to the Bylaws of the Bank (“Bylaws”) effective after the 2021 annual meeting of shareholders. A new Article I, Section 14 of the Bylaws is added to require advance notice to the Bank of shareholder proposals to be made at an annual meeting. To be timely, notice by a shareholder must be provided to the Bank between 90 and 120 days prior to the first a

Endeavor Bank Announces Changes to Bylaws

SAN DIEGO--(BUSINESS WIRE)---- $EDVR #bankendeavor--As of March 31, 2021, the Bank's total assets equaled almost $512 million, reflecting growth from December 31, 2020 of nearly $122 million, or 31%. Total deposits equaled almost $278 million at the end of the first quarter, reflecting growth of $31 million or 13% from year end 2020, and total loans equaled $386 million at March 31, 2021, reflecting growth of $104 million or 37% during the quarter. The Bank continued to originate Paycheck Protection Program (PPP) loan

Endeavor Bank Announces 2021 First Quarter Financial Results

SAN DIEGO--(BUSINESS WIRE)---- $EDVR #bankendeavor--As of December 31, 2020, the Bank's (OTC Pink: EDVR) total assets equaled $390 million, reflecting substantial growth from December 31, 2019 of $265 million, or 211%. Total deposits equaled $246 million as of December 31, 2020, reflecting growth of $146 million or 145% from year end 2019, and total loans equaled $282 million at December 31, 2020, reflecting growth of $181 million or 179% from December 31, 2019. Between March and August of 2020, the Bank originated ov

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