First Regional Bancorp reports $54,777 net loss for May, zero revenue

By Caroline Salls

Pittsburgh, June 12 - First Regional Bancorp posted a net loss of $54,777 for May on zero revenue, according to its monthly operating report filed June 12 with the U.S. Bankruptcy Court for the Central District of California.

The figures compare to a $55,639 net loss reported for April, also on zero revenue.

First Regional's net loss from operations in May was $13,777, widening from a $13,664 April net loss from operations.

The company also reported unrestricted cash of $966,122 as of May 31, down from $978,899 at the end of April.

First Regional Bancorp, a Los Angeles-based bank holding company, filed for bankruptcy on June 19, 2012. Its Chapter 11 case number is 12-31372.

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