Bank of Commerce Holdings Announces Sale of Mortgage Banking Company

Patrick J. Moty, President & CEO of Bank of Commerce Holdings

, a $927 million bank holding company, and parent company of Redding Bank of Commerce™ and Roseville Bank of Commerce™, today announced the sale of 51% ownership position in Bank of Commerce Mortgage™. In May 2009, Bank of Commerce Holdings acquired 51% of the capital stock of Simonich Corporation, a residential mortgage banking company headquartered in San Ramon, California, with twenty one offices in two different states and licenses in California, Colorado, Oregon, Nevada and Texas.