California First Leasing Corp
calfirstbancorp.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2017 10-K, filed Sep 27, 2017. Its latest SEC filing is a N-30B-2 from Oct 23, 2026.
10-K for FY2017, filed Sep 27, 2017
The sections below describe the company as of the FY2017 annual report.
What Did They Do?
Provides equipment leases and commercial loans to businesses, public institutions and nonprofit organizations.
10-K for FY2017, filed Sep 27, 2017The primary business of the Company is secured financing provided through leasing and financing capital assets, commercial loans acquired…View ↗
At June 30, 2017, leases accounted for 38% of the Company’s lease and loan portfolio, compared with 37% and 55% at June 30, 2016 and 2015…View ↗
CustomersView ↗
Who Were Their Customers?
Businesses and organizations, including corporations, schools, municipalities and nonprofits, lease equipment and borrow from the company; leases are originated directly or through other banks and sources, while most commercial loans are purchased through bank-led syndicates. Individuals and businesses also place deposits with the bank.
10-K for FY2017, filed Sep 27, 2017The Company provides leasing and financing to customers throughout the United States and across a breadth of industries and disciplines…View ↗
Approximately 97% of the commercial loan portfolio consists of participations in syndicated transactions led primarily by major money…View ↗
Leasing and loan customers include major corporations and middle-market companies, subsidiaries and divisions of Fortune 1000 companies…View ↗
The Bank’s deposit customers are primarily individuals from across the nation who place a substantial portion of their savings in safe…View ↗
How Were They Changing?
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Oct 25, 2017
Plans voluntary NASDAQ delisting and deregistration
The board approved voluntary delisting and deregistration, applied for OTCQX quotation, and planned to suspend Exchange Act reporting obligations.
Sources
8-K, filed Oct 25, 2017
On October 24, 2017, our Board of Directors approved a decision to voluntarily delist the Company's common stock from the NASDAQ Global…View ↗
Greater emphasis on commercial lending
The older report presents leasing and financing capital assets as the primary business, with commercial loans as an additional activity; the latest report describes a broader commercial lending program alongside leasing.
10-K for FY2014, filed Sep 25, 2014 10-K for FY2017, filed Sep 27, 2017California First National Bancorp, a California corporation (the “Company”), is a bank holding company headquartered in Orange County…View ↗
The primary business of the Company is secured financing provided through leasing and financing capital assets, commercial loans acquired…View ↗
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