Posted In Fund VI

Enterprise Financial Services Corp to Acquire Seacoast Commerce Banc Holdings

  • Posted 08/20/2020
  • Jennifer Lian
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ST. LOUIS & SAN DIEGO–(BUSINESS WIRE)–Enterprise Financial Services Corp (Nasdaq: EFSC) (the “Company,” “EFSC,” “Enterprise,” “we,” “us,” or “our”), the holding company of Enterprise Bank & Trust (“EB&T”), and Seacoast Commerce Banc Holdings (OTCPK: SCBH) (“SCBH”), the holding company of Seacoast Commerce Bank (“Seacoast”), announced today that EFSC, EB&T, SCBH and Seacoast have entered into a definitive merger agreement in CONTINUE READING >>

The Bancorp, Inc. Announces Completion of $100 Million Senior Note Offering

  • Posted 08/13/2020
  • Jennifer Lian
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WILMINGTON, Del.–(BUSINESS WIRE)–The Bancorp, Inc. (the “Company”) (Nasdaq: TBBK), today announced the completion of its previously announced underwritten offering and sale of its $100.0 million aggregate principal amount of 4.75% Senior Notes due 2025 (the “Notes”). The Notes were sold at par, resulting in net proceeds, after underwriting discounts and estimated offering expenses, of approximately $98.3 million. The Company intends CONTINUE READING >>

The Bancorp Files Mixed Shelf

  • Posted 06/29/2020
  • Castle Creek
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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 >>

Southern California Bancorp, the Holding Company for Bank of Southern California, Completes Acquisition of CalWest Bancorp, the Holding Company for CalWest Bank

  • Posted 06/1/2020
  • Castle Creek
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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 >>