Bank of Commerce Holdings in Redding, CA, has bailed out of the mortgage-making business in the face of tighter and more demanding regulatory oversight. The bank recently sold off its 51 percent stake in Bank of Commerce Mortgage, which it acquired in 2009, to the partners of Simonich Corp., who already owned the other 49 percent.The agreement provides for a continued relationship between the two companies on the funding side and puts both parties in the best position to pursue their core competencies, the firms said...