CU Bancorp Reports Record Quarterly Earnings of $0.23 Per Share for Third Quarter of 2013

ENCINO, Calif.--(BUSINESS WIRE)--CU Bancorp (NASDAQ: CUNB), the parent company of wholly owned California United Bank, today reported net income of $2.5 million, or $0.23 per fully diluted share, for the third quarter of 2013, compared with net income of $2.3 million or $0.22 per fully diluted share for the second quarter of 2013 and a net loss of $932,000 or $0.10 per fully diluted share, for the third quarter of 2012, which included $2.5 million of merger-related expenses associated with the acquisition of Premier Commercial Bancorp and its subsidiary Premier Commercial Bank, N.A. (“PCB”).