Posted In Fund VI

Suncrest Bank Completes Acquisition of Security First Bank

  • Posted 12/19/2016
  • Castle Creek
  • No comments

VISALIA, Calif.–(PRNewswire)–Suncrest Bank (OTCQX: SBKK) today announced that it has completed its acquisition of Security First Bank in Fresno, CA. The acquisition, which was first announced on September 1st, 2016, was concluded following receipt of shareholder approval for the transaction from the shareholders of Security First Bank and all required regulatory approvals. As of September 30, 2016, Suncrest Bank had CONTINUE READING >>

HCSB Financial Corporation Announces Removal of Regulatory Consent Order

  • Posted 10/27/2016
  • Castle Creek
  • No comments

LORIS, S.C.–(GLOBE NEWSWIRE)–HCSB Financial Corporation (OTC Pink:HCFB) (the “Company”), the holding company for Horry County State Bank (the “Bank”), announced today that the Bank received notification on October 26, 2016 from the Federal Deposit Insurance Corporation and the South Carolina State Board of Financial Institutions (the “Supervisory Authorities”) that the Consent Order previously entered into with the Bank on February 10, CONTINUE READING >>

Trinity Capital Corporation Announces Agreement For Proposed $52 Million Equity Recapitalization and $10 Million Rights Offering

  • Posted 09/8/2016
  • Castle Creek
  • No comments

LOS ALAMOS, N.M.–September 8, 2016–Trinity Capital Corporation (the “Company” or “Trinity”), parent company of Los Alamos National Bank (“LANB”), announced Thursday that it has entered into a stock purchase agreement with Castle Creek Capital Partners VI, L.P. (“Castle Creek”), Patriot Financial Partners II, L.P., Patriot Financial Partners Parallel II, L.P. (together with Patriot Financial Partners II, L.P., “Patriot”) and Strategic CONTINUE READING >>

Suncrest Bank To Acquire Security First Bank

  • Posted 09/2/2016
  • Castle Creek
  • No comments

VISALIA, Calif., and FRESNO, Calif.–(PRNewswire)–Suncrest Bank (OTCQX: SBKK) and Security First Bank (OTCPink: SFRK) today announced that they have entered into a definitive agreement whereby Security First Bank will merge with and into Suncrest Bank in a cash and stock deal, valued at $18.1 million, based on a per share valuation of Suncrest Bank stock of $8.25. Under the terms CONTINUE READING >>