Northpointe Bancshares, Inc. Closes Non-Cumulative Perpetual Preferred Stock Offering

  • Posted 12/30/2020
  • Jennifer Lian
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GRAND RAPIDS, Mich., December 30, 2020 (Newswire.com) – Northpointe Bancshares, Inc. (“Northpointe”), parent company of Northpointe Bank, announced today that it has completed a private placement of 3,800,000 depositary shares, each representing a 1/40th interest in a share of its 8.25% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A, to certain qualified institutional buyers and accredited investors. Each preferred share has a liquidation CONTINUE READING >>

Southern California Bancorp Names David I. Rainer Executive Chairman

  • Posted 11/5/2020
  • Jennifer Lian
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SAN DIEGO–(BUSINESS WIRE)–Southern California Bancorp (the “Company”) (OTC Pink: BCAL), the holding company for Bank of Southern California, N.A. (the “Bank”) is pleased to announce that David I. Rainer has been named Executive Chairman of the Board of Directors of the Company, and of the Bank, as of November 5, 2020. “Dave brings 40 years of banking experience to our CONTINUE READING >>

BV Financial, Inc. Announces Financial Results and Completion of Acquisition of Delmarva Bancshares, Inc.

  • Posted 11/3/2020
  • Jennifer Lian
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BALTIMORE, MD / ACCESSWIRE / November 2, 2020 / BV Financial, Inc. (OTC PINK:BVFL), the holding company for BayVanguard Bank, today reported net income of $1. 5 million, or $0.20 per diluted share, for the quarter ended September 30, 2020 compared to net income of $785,000, or $0.11 per diluted share, for the quarter ended September 30, 2019. The results reflect CONTINUE READING >>

Riverview Financial Corporation Announces Completion of $25 Million Subordinated Notes Offering

  • Posted 10/6/2020
  • Jennifer Lian
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HARRISBURG, Pa., Oct. 6, 2020 /PRNewswire/ — Riverview Financial Corporation (the “Company” or “Riverview”) (NASDAQ: RIVE), the bank holding company for Riverview Bank (the “Bank”), today announced the completion of its private placement of $25 million of its 5.75% Fixed to Floating Rate Subordinated Notes (the “Notes”) to certain qualified institutional buyers and accredited institutional investors. The Notes will have a maturity date of October 15, 2030 and initially bear interest, CONTINUE READING >>