Shares of Pacific Alliance Bank (OTCMKTS:PFBN – Get Free Report) shot up 2.4% during trading on Wednesday . The company traded as high as $8.69 and last traded at $8.69. Approximately 600 shares changed hands during mid-day trading, an increase of 255% from the average daily volume of 169 shares. The stock had previously closed at $8.4850.
Pacific Alliance Bank Stock Up 1.1%
The stock’s fifty day moving average price is $8.39 and its 200 day moving average price is $8.30.
About Pacific Alliance Bank
Pacific Alliance Bank is a full-service commercial bank headquartered in Los Angeles, California. Established in 2001, the institution specializes in serving small to medium-sized businesses, with a particular focus on facilitating cross-border trade between the United States and Asian markets. Through its parent holding company, Pacific Alliance Bancorp, the bank has developed expertise in trade finance and foreign exchange services designed to support importers and exporters.
The bank’s product portfolio includes business deposit accounts, cash management solutions, commercial real estate lending, lines of credit and construction financing.
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