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Published on 12/24/2009 in the Prospect News Distressed Debt Daily.

PFF Bancorp net loss declines to $320,657 in November on no sales

By Caroline Salls

Pittsburgh, Dec. 24 - PFF Bancorp Inc. reported a $320,657 net loss for November on zero revenues, according to its monthly operating report filed Thursday with the Securities and Exchange Commission.

In comparison, the company posted a $106,456 net loss for October, also on zero revenues.

PFF had $2.4 million in cash at Nov. 30, down from $2.72 million at the end of October.

Los Angeles-based PFF Bancorp is the holding company of the PFF Bank & Trust, Glencrest Investment Advisors and Diversified Builder Services.

The company filed for bankruptcy on Dec. 5, 2008 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 08-13127.


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