Posted In Fund VI

CNB Bank Shares Closes Jacksonville Bancorp Deal

  • Posted 06/5/2018
  • Castle Creek
  • No comments

Copyright © 2018, SNL Financial By Fatima Aitizaz Carlinville, Ill.based CNB Bank Shares, Inc. on June 4 completed its acquisition of Jacksonville, Ill.-based Jacksonville Bancorp Inc [according to a Form 8-K]. As part of the $61.6 million deal, each share of Jacksonville Bancorp common stock was converted into the right to receive $33.70 in cash. Furthermore, each option to purchase CONTINUE READING >>

Suncrest Bank Completes Merger with CBBC

  • Posted 05/23/2018
  • Castle Creek
  • No comments

SACRAMENTO, Calif. and VISALIA, Calif.–(PRNewswire)–Suncrest Bank (OTCQX: SBKK) (“Suncrest”) today announced that it has completed its merger with CBBC (“Community Business Bank”). In addition, Suncrest Bank also announced that it has completed a private placement of $25.0 million of the bank’s common stock. Both the merger and the private placement were completed per the terms first announced on November 7, CONTINUE READING >>

Suncrest Bank and CBBC Receive Regulatory Approval to Merge

  • Posted 05/16/2018
  • Castle Creek
  • No comments

SACRAMENTO, Calif. and VISALIA, Calif.–(PRNewswire)–Suncrest Bank (OTCQX: SBKK) (“Suncrest”) and CBBC Bancorp (OTCBB: CBBC) (“CBBC”), the parent company of Community Business Bank, today announced that they have received all necessary regulatory approvals to complete their proposed merger. The anticipated closing date of the merger is May 21st 2018. “We are looking forward to completing this transformational deal and welcoming both CONTINUE READING >>

Bank of Southern California Successfully Completes $26 Million Capital Offering

  • Posted 04/2/2018
  • Castle Creek
  • No comments

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 >>