First Regional Bancorp posts $53,531 December net loss, zero revenue

By Caroline Salls

Pittsburgh, Jan. 15 - First Regional Bancorp posted a net loss of $53,531 for December on zero revenue, according to its monthly operating report filed Jan. 15 with the U.S. Bankruptcy Court for the Central District of California.

In comparison, the company posted a $55,345 net loss for November, also on zero revenue.

First Regional's net loss from operations in December was $12,531, narrowing from a $13,695 net loss from operations for November.

The company also reported unrestricted cash of $598,147 as of Dec. 31, down from $609,679 at the end of November.

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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