<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) November 25, 1998
PROFESSIONAL BANCORP, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
<TABLE>
<S> <C> <C>
PENNSYLVANIA 0-11223 95-3701137
- -----------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No)
606 BROADWAY, SANTA MONICA, CA 90401
- -----------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
</TABLE>
Registrant's telephone number, including area code: (310) 458-1521
<PAGE>
ITEM 5. OTHER EVENTS
On November 25, 1998, Professional Bancorp, Inc. (the "Company") announced
that it had retained Hovde Financial, Inc. as an additional financial advisor to
assist the Company in examining and pursuing its strategic plans and
opportunities. Endicott Financial Advisors, L.L.C., previously engaged by the
Company, will continue to provide financial advisory and analytical services to
the Company.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
PROFESSIONAL BANCORP, INC
Date: November 30, 1998 By: /s/ Eric J. Woodstrom
-------------------------------
Acting Chief Financial Officer
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit No. Description
----------- -----------
<S> <C>
1 Press Release, dated November 25, 1998, announcing the
retention of Hovde Financial, Inc. as financial advisor to the
Company.
</TABLE>
<PAGE>
EXHIBIT 1
PRESS RELEASE DATED November 25, 1998
Wednesday, November 25, 1998 5:00 p.m. Eastern Time
Company Press Release
SOURCE: Professional Bancorp, Inc.
Professional Bancorp Inc. Announces Engagement of Hovde Financial, Inc. as
Financial Advisor
SANTA MONICA, Calif., November 25/PRNewswire/ -- Professional Bancorp, Inc.,
today announced that it has retained Hovde Financial, Inc. as financial advisor
to assist the company in the pursuit of its strategic objectives. The engagement
of Hovde Financial, Inc. follows an extensive review by the Board of Directors
and its advisors of operations and strategic options.
Professional Bancorp, Inc. is the holding company for First Professional Bank,
N.A. which offers a broad range of specialized financial services products to
professionals and business within the medical services industry and related
fields.
