Pacific Alliance Bank (OTCMKTS:PFBN) Trading 3.1% Higher – Here’s What Happened

Pacific Alliance Bank (OTCMKTS:PFBN) was up 3.1% on Thursday . The company traded as high as $8.25 and last traded at $8.25. Approximately 450 shares were traded during mid-day trading, an increase of 543% from the average daily volume of 70 shares. The stock had previously closed at $8.00.

Pacific Alliance Bank Stock Performance

The company has a 50 day moving average price of $8.10 and a 200-day moving average price of $8.35.

Pacific Alliance Bank Company Profile

Pacific Alliance Bank is a full-service commercial bank headquartered in Los Angeles, California. Established in 2001, the institution specializes in serving small to medium-sized businesses, with a particular focus on facilitating cross-border trade between the United States and Asian markets. Through its parent holding company, Pacific Alliance Bancorp, the bank has developed expertise in trade finance and foreign exchange services designed to support importers and exporters.

The bank’s product portfolio includes business deposit accounts, cash management solutions, commercial real estate lending, lines of credit and construction financing.