Presidio Bank Reports Net Income Growth of 29% for 2014

Presidio Bank (OTCBB:PDOB), a Bay Area business bank, today reported unaudited results for the fourth quarter and full year ended December 31, 2014 with net income for the year of $3.1 million, up 29% from 2013. The fourth quarter was highlighted by $31 million in core deposit growth and $14 million in loan growth resulting in record levels in both categories. Total assets increased $32 million for the quarter and just under $100 million for the year