Lynnwood-based City Bank plans its annual shareholder meeting at 3 p.m. Wednesday at the Lynnwood Convention Center, 3711 196th St. SW. Officials will present the bank’s operating results and financial condition for 2006 and the first quarter of 2007. The presentation will also be available at the bank’s Web site at www.citybankwa.com.
Prime Pacific Bank income up by third
The holding company of Prime Pacific Bank, with branches in Lynnwood and Kenmore, reported a 33 percent increase in net income in the first quarter of 2007 compared with the same period last year. Prime Pacific Financial Services Inc. posted a net income of $387,000, or 31 cents per share, for the quarter. Prime Pacific also reported assets of $131.2 million at the end of March 2007, a 51.1 percent increase over the first quarter of 2006.
CIT Aerospace buys five 737-700s
On Thursday, the Boeing Co. announced an order from CIT Aerospace for five 737-700 Next Generation jets. CIT Aerospace is a business unit of CIT Group Inc., a provider of commercial and consumer finance solutions. The order is worth $295 million at list prices. To date, CIT has taken delivery of 31 Next Generation 737s and has a backlog of five 787 Dreamliners and 10 Next Generation 737s on order with Boeing.
Cardiac Science joins project
Bothell-based Cardiac Science Corp. and public health agencies in Nevada are partnering to form Nevada Project Heartbeat, the nation’s first statewide program with the goal of improving people’s chances of surviving sudden cardiac arrest. The project is sponsored by a group of health care organizations that already has distributed than 500 automated external heart defibrillators in communities across the state.
Privacy a concern in new Google deal
A consumer group asked the Federal Trade Commission on Friday to investigate and block Google Inc.’s proposed $3.1 billion purchase of online advertising firm DoubleClick Inc. unless the companies improve consumer privacy protections. The complaint, filed by the Electronic Privacy Information Center, alleges that Google and New York-based DoubleClick collect exhaustive personal information on consumers using the Internet but don’t adequately protect the privacy of that information. The purchase would give Google access to huge amounts of consumer information, the complaint said.
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