News

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 >>

Bridgewater Bancshares, Inc. Completes Private Placement of $50.0 Million of Subordinated Notes

  • Posted: 06/19/2020
  • Jennifer Lian
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BLOOMINGTON, Minn.–(BUSINESS WIRE)–Bridgewater Bancshares, Inc. (Nasdaq: BWB) (the Company), the parent company of Bridgewater Bank (the Bank), today announced the completion of a private placement of $50.0 million in aggregate principal amount of 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 (the Notes). The Company intends to use the proceeds of the private placement for general corporate purposes, including supporting regulatory CONTINUE READING >>

BV Financial, Inc. To Acquire Delmarva Bancshares, Inc.

  • Posted: 06/18/2020
  • Jennifer Lian
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EDGEMERE, MD and CAMBRIDGE, MD / ACCESSWIRE / June 18, 2020 / BV Financial, Inc. (OTC PINK:BVFL), the parent company of BayVanguard Bank, and Delmarva Bancshares, Inc. (OTCQX:DLMV), the parent company of 1880 Bank, announced today that they have entered into a definitive merger agreement whereby BV Financial has agreed to acquire Delmarva Bancshares and its wholly owned bank subsidiary, 1880 Bank, 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 >>