Posted In Fund VI

Bank of Southern California Successfully Completes $26 Million Capital Offering

  • Posted 04/2/2018
  • Castle Creek
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SAN DIEGO, Calif.–(PRNewswire)–Bank of Southern California, N.A. (OTC Pink: BCAL) announced today the completion of a capital raise of approximately $26 million through the issuance of common stock in a private placement to institutional and accredited individual investors at a price of $14.75 per share. A portion of the capital raised will be utilized to complete the Bank’s recent announcement CONTINUE READING >>

Bank of Southern California Recognized as Top Small Business Lender

  • Posted 03/12/2018
  • Castle Creek
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SAN DIEGO, Calif.–(PRNewswire)–Bank of Southern California (OTC Pink: BCAL) announced it was awarded two top small business lending partner awards in the medium sized bank category by the San Diego District Office of the U.S. Small Business Administration based on the largest quantity and dollar volume of SBA 7(a) loans originated. The rankings reflect the SBA’s fiscal year-end results as CONTINUE READING >>

Fed Lifts Written Agreement with Trinity Capital

  • Posted 03/5/2018
  • Castle Creek
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Copyright © 2018, S&P Global Market Intelligence By Nicole De Dios The Federal Reserve Bank of Kansas City lifted its written agreement with Trinity Capital Corp., effective Feb. 27. The enforcement action was issued back in September 2013. With its termination, Los Alamos, N.M.-based Trinity is no longer deemed to be in “troubled condition.” A consent order by the Office CONTINUE READING >>

Bank of Southern California and Americas United Bank Announce Agreement to Merge

  • Posted 02/22/2018
  • Castle Creek
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SAN DIEGO, Calif.–(PRNewswire)–Bank of Southern California, N.A., San Diego, CA (OTC Pink: BCAL), and Americas United Bank, Glendale, CA (OTC Pink: AUNB), today announced the signing of a definitive agreement and plan of merger (the “Agreement”) whereby Americas United Bank will merge with and into Bank of Southern California. The merger is subject to customary closing conditions, including the receipt CONTINUE READING >>