Pacific Alliance Bank (OTCMKTS:PFBN) Trading 2% Higher – Here’s Why

Pacific Alliance Bank (OTCMKTS:PFBNGet Free Report)’s stock price shot up 2% during mid-day trading on Tuesday . The company traded as high as $8.4275 and last traded at $8.4275. 200 shares were traded during mid-day trading, an increase of 166% from the average session volume of 75 shares. The stock had previously closed at $8.26.

Pacific Alliance Bank Price Performance

The stock has a fifty day simple moving average of $8.26 and a 200-day simple moving average of $8.29.

Pacific Alliance Bank Company Profile

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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.

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