Zacks Investment Research downgraded shares of FIRST CA FINL (FCAL) from OUTPERFORM to NEUTRAL on October 02, 2012, with a target price of $7.60.
NATIONAL MERCANTILE BANCORP principal business is to serve as a holding company for Mercantile National Bank, and for other banking or banking-related subsidiaries which the Company may establish or acquire. As a legal entity separate and distinct from its subsidiary, the Company's principal source of funds is, and will continue to be, dividends paid to the Company by the Bank.
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