Posted In Fund IV

Heritage Oaks Bancorp to Raise $60 Million Through Private Placement

  • Posted 03/10/2010
  • Castle Creek
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PASO ROBLES, Calif.–(GLOBE NEWSWIRE)–Heritage Oaks Bancorp, (Nasdaq:HEOP) (“Company”), the holding company of Heritage Oaks Bank (the “Bank”), today announced that it has entered into securities purchase agreements with select accredited investors, including board members (“Investors”), pursuant to which it expects to raise aggregate gross proceeds of $60 million. The proceeds will be used for working capital, augmenting the balance sheet CONTINUE READING >>

West Coast Bancorp Raises $155 Million in Capital Through Private Placements

  • Posted 10/26/2009
  • Castle Creek
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LAKE OSWEGO, Ore.–(PRNewswire-FirstCall)–West Coast Bancorp (Nasdaq: WCBO) (“WCB” or the “Company”) today announced that it has received capital investments with gross aggregate proceeds in the amount of $155.0 million, $134.2 million of which has been contributed to its wholly owned banking subsidiary, West Coast Bank. “The capital raise enhances West Coast Bank’s capital position and increases its pro forma total CONTINUE READING >>