NEW YORK, July 12, 2004 (PRIMEZONE) -- The following is an investment opinion issued by Investrend Research Syndicate:
PanAmerican Bancorp (AMEX:PNB) has enrolled in the unique shareholder empowerment platform administered by Investrend Communications, Inc., a financial intelligence provider.
Criterion research coverage will be initiated by Investrend Research analyst Kipley Lytel, CFA. Investrend Research is located on the web at http://www.investrendresearch.com, and the analyst's qualifications are at http://www.investrend.com/articles/secondlevel.asp?level=238.
Pan American Bancorp is a single bank holding company which operates six branch offices located in Hollywood, Boca Raton and Miami, Florida. PanAmerican intends to continue to expand its business through internal growth as well as through the acquisition of other banks, such as its recent acquisition of the assets of Gulf Bank. PanAmerican is a $170 million asset bank with over $20 million in capital.
For more information, visit: http://www.panamericanbank.com.
An InvestorPower(tm) page has been created regarding the company at http://www.investrend.com/company/list.asp?sPathParam=yes.
Kipley Lytel, CFA, is a partner with Montecito Equity Partners & Montecito Capital Management. He previously was employed as a lead sell-side securities analyst for M.L. Stern & Company, Beverly Hills. He also has performed buy-side analyst coverage functions for two hedge funds, Pacific Strategic Fund Group and DD Capital Management. Mr. Lytel is a member of AIMR and the Los Angeles Society of Financial Analysts (LASFA), serves as a Senior Grader for AIMR's CFA Examination and has been a Regional Expert for AIMR's advisory panel on investment management. He received his MBA with Honors from the Peter F. Drucker School of Management at Claremont Graduate University.
Following the issuance of the report, the analyst will summarize the report on "AnalystBroadcast," available at Investrend Broadcast (http://www.investrendbroadcast.com), in partnership with VCall (http://www.vcall.com).
Investrend Research has been the leading independent equity research publishing and distribution program since 1996, with over 70 qualified professional analysts posting more than 700 reports to date. Anyone may enroll a company in the Investrend platforms. Enrollment fees for the Criterion research platform is $8,940, which has been paid by Capital Growth Financial, LLC, who acted as underwriter on PanAmerican's $11.0 recent offering. Analysts are paid in advance for their initial reports by Investrend Research to limit or eliminate pecuniary interests, and no one associated with the program may own or trade in the equities of companies under coverage.
Anyone interested in receiving alerts regarding PanAmerican Bancorp research should e-mail contact@investrend.com with "PNB" in the subject line, or click on http://www.investrend.com/contact.asp.