Posted In Fund VI

Bank of Southern California Completes Capital Offering and Plans to Form Holding Company

  • Posted 12/16/2019
  • Castle Creek
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SAN DIEGO, Calif.–(PRNewswire)–Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, announced today the successful completion of a capital raise of approximately $12 million through the issuance of common stock in a private placement to institutional and accredited individual investors at a price of $12.00 per share. The Bank also announced its plans CONTINUE READING >>

The Bancorp Freed from Fed Order Tied to Capital Management

  • Posted 12/11/2019
  • Castle Creek
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Copyright © 2019, American Banker by Paul Davis The Bancorp in Wilmington, Del., received some positive news heading into the new year. The $4.9 billion-asset company disclosed in a regulatory filing Wednesday that a May 2015 supervisory letter from the Federal Reserve had been terminated. The letter had required the company to obtain Fed approval before paying dividends on common CONTINUE READING >>

Tri-County Financial Group, Inc. and H.F. Gehant Bancorp, Inc. announce agreement and plan of merger

  • Posted 11/1/2019
  • Castle Creek
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MENDOTA, Ill., Nov. 01, 2019 (GLOBE NEWSWIRE) — The board of directors of Tri-County Financial Group, Inc. (OTCQX: TYFG), the holding company for First State Bank, and the board of directors of H.F. Gehant Bancorp, Inc., the holding company for H.F. Gehant Banking Co., are pleased to announce that the parties have signed a definitive agreement outlining the terms of CONTINUE READING >>

Bank of Southern California, N.A. and CalWest Bancorp, the Holding Company for CalWest Bank, Announce Agreement to Merge

  • Posted 10/21/2019
  • Castle Creek
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SAN DIEGO and RANCHO SANTA MARGARITA, Calif.–(PRNewswire)–Bank of Southern California, N.A. (OTC Pink: BCAL) and CalWest Bancorp (OTCBB: CALW), today announced the signing of a definitive agreement and plan of merger (the “Agreement”) whereby CalWest Bank will merge with and into Bank of Southern California. The merger is subject to customary closing conditions, including the receipt of all regulatory approvals CONTINUE READING >>