Copyright © 2020, SNL Financial By Arra Francia Wilmington, Del.-based The Bancorp Inc. filed a shelf registration statement for the sale of up to $250 million of various securities from time to time. The filing covers the sale of common stock, preferred stock, warrants, rights, units, debt securities, depositary shares and purchase contracts. Net proceeds from the sale of the securities will CONTINUE READING >>
SAN DIEGO, Calif.–(BUSINESS WIRE)–Southern California Bancorp (OTC Pink: BCAL), the holding company for Bank of Southern California, N.A., announced today the completion of its acquisition of CalWest Bancorp (OTCBB: CALW), effective with the close of business May 29, 2020. CalWest Bank reported total assets of $226 million as of March 31, 2020. CalWest Bank branches will begin operating as Bank CONTINUE READING >>
SAN DIEGO, Calif.–(BUSINESS WIRE)–Southern California Bancorp (OTC Pink: BCAL) (the “Company”), the holding company for Bank of Southern California, today announced that it has completed a private placement of $18 million in aggregate principal amount of fixed-to-floating rate subordinated notes to certain qualified institutional accredited investors. The Company intends to use the net proceeds of the notes offering to assist CONTINUE READING >>
SAN DIEGO, Calif.–(BUSINESS WIRE)–Southern California Bancorp (OTCPK: BCAL) (the “Company”) announced today the completion of Bank of Southern California’s previously reported holding company reorganization. Following shareholder approval last month, the holding company reorganization was finalized, and Bank of Southern California became a wholly owned subsidiary of the Company. As a result, effective on May 15, 2020, Bank of Southern California CONTINUE READING >>
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