First Mercantile Trust Co Lowers stake in Bank of Commerce Holdings (BOCH)

Bank of Commerce Holdings (BOCH) : First Mercantile Trust Co reduced its stake in Bank of Commerce Holdings by 2.41% during the most recent quarter end. The investment management company now holds a total of 185,974 shares of Bank of Commerce Holdings which is valued at $1,340,873 after selling 4,589 shares in Bank of Commerce Holdings , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Bank of Commerce Holdings makes up approximately 0.18% of First Mercantile Trust Co’s portfolio.

Bank of Commerce Holdings opened for trading at $7.16 and hit $7.21 on the upside on Friday, eventually ending the session at $7.21, with a gain of 0.14% or 0.01 points. The heightened volatility saw the trading volume jump to 18,626 shares. Company has a market cap of $97 M.

Bank of Commerce Holdings (Holding Company) is a bank holding company. The Company’s principal business is to serve as a holding company for Redding Bank of Commerce (Bank) which operates under two separate names (Redding Bank of Commerce and Sacramento Bank of Commerce). The Bank operates four full service facilities in two diverse markets in Northern California. The Bank provides a range of financial services and products for business and retail customers. The products such as checking interest bearing checking and savings accounts money market deposit accounts sweep arrangements commercial construction term loans safe deposit boxes collection services and electronic banking activities. The primary focus of the Bank is to provide banking and related services to small and mid-sized businesses not-for-profit organizations and professional service providers as well as banking services for consumers primarily business owners and their key employees.

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